Eos Energy, Cerberus Capital to Establish Energy Storage Project Company

Dow Jones05-13

By Nicholas G. Miller

Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects.

The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience.

Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects.

Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange.

Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA.

Eos shares jumped 24% to $10.03 in Wednesday's premarket trading.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

May 13, 2026 07:07 ET (11:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2635786101?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-13 19:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635786101","market":"nz","top_or_hot":-1,"title":"Eos Energy, Cerberus Capital to Establish Energy Storage Project Company","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects. \n</p>\n<p>\n  The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience. \n</p>\n<p>\n  Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects. \n</p>\n<p>\n  Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange. \n</p>\n<p>\n  Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA. \n</p>\n<p>\n  Eos shares jumped 24% to $10.03 in Wednesday's premarket trading. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2026 07:07 ET (11:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eos Energy, Cerberus Capital to Establish Energy Storage Project Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEos Energy, Cerberus Capital to Establish Energy Storage Project Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-13 19:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects. \n</p>\n<p>\n  The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience. \n</p>\n<p>\n  Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects. \n</p>\n<p>\n  Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange. \n</p>\n<p>\n  Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA. \n</p>\n<p>\n  Eos shares jumped 24% to $10.03 in Wednesday's premarket trading. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2026 07:07 ET (11:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EOSU","symbol_name":"T-REX 2x Long EOSE Daily Target ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635786101","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635786101","pubTimestamp":1778670420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects.The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience.Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects.Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange.Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA.Eos shares jumped 24% to $10.03 in Wednesday's premarket tr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EOSU":"T-REX 2x Long EOSE Daily Target ETF","EOSE":"Eos Energy Enterprises Inc.","BK4096":"电气部件与设备"},"translate_title":"Eos Energy与Cerberus Capital将成立储能项目公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EOSU":0.6,"EOSE":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects. \n\n\n  The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience. \n\n\n  Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects. \n\n\n  Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange. \n\n\n  Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA. \n\n\n  Eos shares jumped 24% to $10.03 in Wednesday's premarket trading. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2026 07:07 ET (11:07 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635786101","isCrawlerRequest":true}