Frontier Power USA

Eos + Frontier Power USA

Eos + Frontier Power USA

Power. Delivered.

The partnership

Unlocking the speed, performance, and economics the market demands.

Frontier Power USA is expected to be an independent development and investment company utilizing Eos’ vertically-integrated, long-duration technology stack. Frontier Power USA is being purpose-built to accelerate gigawatt-scale deployment of American-made energy storage for AI data center, 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 is expected to drive performance at every phase, from raw materials to discharged electrons.

The transaction

Structuring a world-class development and investment company.

Frontier Power USA is expected to 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 is expected to anchor the platform with an equity contribution, providing immediate capital to begin project deployments.

Eos is expected to fund its equity contribution through a pro rata rights offering to existing shareholders.

Targeted Eos equity investment in Frontier Power USA

Cerberus equity investment in Frontier Power USA

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 about how Eos’ investment in Frontier Power USA provides shareholders with an extraordinary opportunity.

For Shareholders

Key milestones

From announcement to close, here's how the transaction is expected to unfold.

1
Announcement
With Q1 earnings
2
Eos annual meeting
3
Rights offering launch
~3–4 week subscription period
4
Expected closing
Frontier Power USA becomes operational
This website is for informational purposes only and does not constitute an offer to participate in a rights offering or to subscribe for any securities in a rights offering. There shall be no offer to sell or the solicitation of an offer to buy or any sale of subscription rights, common stock, warrants, or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any rights offering will be made pursuant to the Company's effective shelf registration statement, including a base prospectus, under the Securities Act of 1933, as amended, and a prospectus supplement to be filed with the SEC. There can be no assurance that the Company will launch a rights offering on the contemplated terms or at all.
Transaction partners

Frontier Power USA is supported by the following partners.

For Customers

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 are expected to 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 is expected to compresses the time to first cycle.

Minimize time
Minimize time

Delivering for decades.

The combination of Eos’ tech stack and Frontier Power USA’s execution platform is expected to unlock revenue opportunities, while lowering total cost of ownership.

Maximize returns
Maximize returns
What we deliver

World-class integrated capabilities and a long-term owner’s mindset are expected to power three next-level customer outcomes.

01

Accelerated deployment

Frontier Power USA is expected to eliminate or minimize key points of friction—project structuring, tech underwriting, and EPC negotiation—shortening the time from commitment to first energy cycle. Eos is expected to further compress installation and commissioning timelines.

02

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.

03

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.

Who we serve

Built to optimize any and every point of the energy system.

Customers are expected to be able to access any, or all, of Frontier Power USA’s project development, financing, and operations expertise and resources to deploy Eos’ long-duration energy storage, for the delivery of greater performance—and economics.

Utilities and grid operators

Multi-hour storage to firm intermittents, replace retiring dispatchable capacity, and meet load growth across regional ISOs.

Hyperscale data center developers

Firm, dispatchable storage behind-the-meter or grid-connected—matched to compute load profiles in capacity-constrained markets.

Government and public sector

FEOC-compliant, domestically manufactured, non-flammable storage. NDAA §842, ITC, 45X, and state resilience mandates.
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Independent power producers

Long-duration storage as a core asset class—arbitrage, time-shifting, and ancillary services across major ISO/RTO markets.
If you’re considering long-duration energy storage, then you should consider Eos and Frontier Power USA.
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Talk to us about your project

We’ll follow up to explore whether Eos + Frontier Power USA is a fit for your needs.

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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

For Shareholders

A new chapter in how Eos serves its market.

On May 13, Eos and Cerberus announced Frontier Power USA. It is expected to 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.

Standalone development & investment platform

Expanding the availability of capital, accelerating the deployment of Eos energy storage solutions.

Strategic case

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 is expected to 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 that is expected to power three areas of value creation.

01

Self-reinforcing growth engine

02

Recurring revenue streams

03

Returns from equity stake

Overview of a rights offering

For illustrative purposes only.
Participating shareholders can purchase incremental shares at a discount and receive additional warrant upside.
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Current position

For all existing Eos shareholders as of the future record date…

Current position
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Rights offering

Pro rata subscription rights to buy Eos shares at market price discount

Rights offering
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Warrant upside

Warrant coverage with a specified strike price

Warrant upside
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End state

Participating shareholders own increased number of shares purchased at a discount plus warrants

End state

Three benefits of a rights offering

01 Increase

Share count can increase, to maintain or increase proportional ownership

02 Grow

Warrants give direct exposure to appreciation, exercisable at the warrant strike

03 At a discount

A market price discount subscription plus the implied warrant discount layered on top

This website is for informational purposes only and does not constitute an offer to participate in a rights offering or to subscribe for any securities in a rights offering. There shall be no offer to sell or the solicitation of an offer to buy or any sale of subscription rights, common stock, warrants, or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any rights offering will be made pursuant to the Company's effective shelf registration statement, including a base prospectus, under the Securities Act of 1933, as amended, and a prospectus supplement to be filed with the SEC. There can be no assurance that the Company will launch a rights offering on the contemplated terms or at all.

Important facts

What shareholders need to know

Annual meeting

The annual meeting vote authorizes an increase in authorized shares of common stock, among other matters. It does not commit any individual shareholder to participate in any offering. Voting is per the proxy materials, typically through your broker. Broker deadlines are usually a few days before the official deadline.

The rights offering

Eligible shareholders receive rights based on existing ownership. Each right would entitle the holder to buy a specified number of new securities at the subscription price. Three options: exercise, sell rights on the market, or let lapse.

Ownership

Non-participating shareholders are expected to experience an additional reduction as unsubscribed shares are absorbed by other participants. Dilution figures move modestly with share price; the directional structure (small for participants, larger for non-participants) holds across scenarios.

Why this raise is different

Prior raises funded manufacturing, technology, and product development. They delivered—the technology works, the factory is running, customers are advancing projects. This is expected to raise funds dedicated to project capital that is expected to convert that capability into deployed assets. The pro rata structure is also different: it is specifically designed to give existing shareholders the first opportunity on equal and advantaged terms.

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

Resources

Everything in one place.

Official documents, partner profiles, and contact paths for Frontier Power USA. Updated as new materials are filed.

Contacts

Investor relations

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

Media and press

For press inquiries, interview requests, or media-specific resources.
Email: media@eose.com

Customer engagement

For customers interested in Frontier Power USA's offerings for long-duration storage projects.