Frontier Power USA
Eos + Frontier Power USA
Power. Delivered.
Unlocking the speed, performance, and economics the market demands.
Eos has completed its rights offering, raising approximately $37.7 million in gross proceeds. Together with the previously announced investment from Hudson Bay Capital Management and the commitment from Cerberus Capital Management, approximately $263 million in gross proceeds has been raised in support of Frontier Power USA.
Along with a broad financing package expected to be available to Frontier Power USA, this equity base will support more than $1billion of deployable project capital.
Frontier Power USA is an independent development and investment company utilizing Eos’ vertically integrated, long-duration technology stack. Frontier Power USA is purpose-built to accelerate gigawatt-scale deployment of American-made energy storage for AI data centers, commercial and industrial, and utility-scale energy storage projects.
Designed to deliver next-level customer outcomes
Eos’ tech stack and Frontier Power USA’s execution platform will drive performance at every phase, from raw materials to discharged electrons.


Structuring a world-class development and investment company.
Frontier Power USA will unify three core capabilities that have historically sat across multiple stakeholders. Eos’ vertically integrated technology stack, Cerberus’ institutional capital and operating experience, and an Ariel Green technology performance insurance wrap. Cerberus anchored the platform with an equity contribution, providing immediate capital to begin project deployments.
Eos has secured the capital necessary to fund its expected investment in Frontier Power USA through its completed rights offering and previously announced equity offering. Together with the previously announced investment from Hudson Bay Capital Management and the commitment from Cerberus Capital Management, Frontier Power USA will have approximately $263 million of gross proceeds raised.
Approximately $113 million From Eos through its rights offering and previously announced offering
$100 million Commitment from Cerberus Capital Management
$50 million Investment from Hudson Bay Capital Management
Technology Performance Insurance wrap by Ariel Green
Learn about the powerful near- and long-term benefits from the combination of Eos + Frontier Power USA.
For Customers
Learn how the expected capitalization of Frontier Power USA is designed to expand access to project capital, accelerate the deployment of Eos energy storage systems, and support long-term value creation.
For Shareholders
End-to-end tech + execution: an industry first.
Today’s long-duration energy storage systems are integrating with every generation type. This new reality is driving greater complexity in development, financing, and operations. Together, that’s what Eos and Frontier Power USA will solve. With end-to-end integration, customers start fast, run smart, and drive performance—over a 25-year lifespan.
Driving speed to power.
The combination of Eos’ tech stack and Frontier Power USA’s execution platform will compress the time to first cycle.


Segments are illustrative. Actual project timelines vary.
Delivering for decades.
The combination of Eos’ tech stack and Frontier Power USA’s execution platform will unlock revenue opportunities, while lowering total cost of ownership.


World-class integrated capabilities and a long-term owner’s mindset are expected to power three next-level customer outcomes.
Accelerated deployment
Frontier Power USA will eliminate or minimize key points of friction—project structuring, tech underwriting, and EPC negotiation—shortening the time from commitment to first energy cycle. Eos will further compress installation and commissioning timelines.
Guaranteed performance
Eos Indensity operates at nameplate output maintaining 90% RTE and ~97% capacity over a 25-year lifespan. Backed by Eos' long-term service agreement and by the industry’s only lifetime warranty and Ariel Green’s Tech Performance Insurance wrap.
Low total ownership cost
The Eos Z3™ module’s zinc chemistry is water-based and non-flammable, requiring minimal fire suppression and HVAC, reducing capital and operating expenditures. DawnOS™ controls and software enable module isolation and self-healing, minimizing servicing costs.
Built to optimize any and every point of the energy system.
Utilities and grid operators
Hyperscale data center developers
Government and public sector
Independent power producers
Learn more about the announcement, Frontier Power USA, and what comes next.
About Frontier Power USA
Learn more about Eos, its leadership, and its long-duration energy storage solutions.
About Eos
A new chapter in how Eos serves its market.
On May 13, Eos and Cerberus announced Frontier Power USA. It will be an industry-first application of a financing vehicle in the long-duration energy storage market. And it is a continuation of how Eos has always operated: breaking through the limits of conventional thinking.
As of July 23, 2026, Eos announced that the capital necessary to fund its investment in Frontier Power USA had been secured through its rights offering, an announced investment from Hudson Bay Capital Management, and the commitment from Cerberus Capital Management, resulting in expected gross proceeds raised above the ~$250 million aggregate equity target established with the joint venture, which was announced in May.
In this section:
Why Frontier Power USA, and why now.
Eos’ long-duration energy storage infrastructure is uniquely positioned to address growing market demand, grid resiliency, and load growth. With interconnection secured and offtake agreements locked, customers are ready to deploy projects, and Frontier Power USA will enable faster execution by shortening the project lifecycle from commitment to first energy cycle. As an independent entity, Frontier Power USA separates project-level capital from the Eos corporate balance sheet.
An earnings engine to power three areas of value creation.
Self-reinforcing growth engine
Recurring revenue streams
Returns from equity stake
What shareholders need to know
The rights offering expired at 5:00 p.m. Eastern Time on July 21, 2026. Rights that were not exercised by the expiration deadline have expired and are no longer exercisable.
Eos received subscriptions for 6,885,218 units at a subscription price of $5.481 per unit. Eos expects to receive approximately $37.7 million in aggregate gross proceeds from the rights offering.
Each unit consisted of:
• One share of Eos common stock
• 0.4388 of a warrant to purchase one share of Eos common stock
• An exercise price of $5.481 per whole warrant share
The common stock and warrants comprising the units will separate upon closing and will be issued individually.
Including proceeds from the rights offering, the previously announced investment from Hudson Bay Capital Management, and the commitment from Cerberus Capital Management, approximately $263 million in gross proceeds has been raised in support of Frontier Power USA.
This exceeds the approximately $250 million equity target established when the planned formation of Frontier Power USA was announced and is expected to initially support more than $1 billion of deployable project capital.
Learn more about the announcement, Frontier Power USA, and what comes next.
About Frontier Power USA
Learn more about Eos, it’s leadership and its long-duration energy storage solutions
About Eos
Everything in one place.
Official documents, partner profiles, and contact paths for Frontier Power USA. Updated as new materials are filed.
Press
Completed Rights Offering, Together with Hudson Bay Capital Management and Cerberus Capital Management Investments, Delivers Equity Raised Above the $250 Million Target
Eos Energy Announces Expiration and Results of Rights Offering
Rights Offering Prospectus Supplement
Contacts
For questions about the transaction, the shareholder vote, the rights offering, or Eos’ investor communications generally.
Email: ir@eose.com
Phone: 1-862-207-7955
For press inquiries, interview requests, or media-specific resources.
Email: media@eose.com
For customers interested in Frontier Power USA's offerings for long-duration storage projects.