HI-POWER, a wholly owned subsidiary of Eos Energy Enterprises, a provider of zinc-powered energy storage systems, entered into a $25 million equipment financing agreement with Trinity Capital, a provider of debt and equipment financing to growth stage companies. The funds will be used to acquire equipment that will expand production of Eos’ proprietary aqueous Znyth batteries.

Located in close proximity to more than 80% of Eos’ suppliers, the company’s Pittsburgh-based manufacturing facility produces long-duration (three to 12 hours) energy storage solutions that provide power to applications across the energy supply chain, including utilities and industrial and commercial sites.

“Securing this equipment financing is a key milestone in our ability to expand our manufacturing capacity and effectively balance our capital allocation strategy,” Sagar C. Kurada, CFO of Eos Energy Enterprises, said. “As we continue to ramp up our manufacturing operations, we expect to have even greater visibility into managing our customer commitment and orders backlog and improve our delivery lead times.

“We would like to thank Trinity for serving as our financing partner and helping further position Eos for growth as demand for long duration clean energy storage continues well into the future.”

“We are proud to partner with the team at Eos, whose mission to build a greener planet for future generations is being driven by their breakthrough Znyth technology,” Ryan Little, managing director of Trinity Capital, said. “We see a massive opportunity ahead for Eos, and their innovative and sustainable design is clearly poised to transform multiple verticals.”