Eos Energy Enterprises (EOSE) said late Thursday it received the first loan advance of $68.3 million from the Department of Energy.
The amount covers both capital expenditures and operating expenses incurred as part of the company's production expansion plans tied to project Amaze in the Mon Valley Works in Pennsylvania, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments