Joint VentureMay 13, 2026, 06:32 AM
Eos, Cerberus Form Frontier Power USA with $100M Anchor
AI Summary
Eos Energy Enterprises, Inc. and Cerberus Capital Management, L.P. announced their intention to capitalize Frontier Power USA, an independent development and investment company. Frontier Power USA will build, own, and operate long-duration battery energy storage projects using Eos' Z3 technology, aiming to become an Independent Power Producer. Cerberus is committing $100 million in equity, while Eos plans a $150 million rights offering for its contribution. The new entity also secured a 2 GWh capacity reservation agreement with Eos and a ~$1.5 billion technology performance insurance framework with Ariel Green to accelerate project bankability.
Key Highlights
- Eos and Cerberus Capital Management announced the intention to capitalize Frontier Power USA, an independent development and investment company.
- Cerberus is anchoring Frontier Power USA with a $100 million equity commitment and extending its Eos lockup through year-end 2026.
- Eos plans a pro rata rights offering targeting approximately $150 million to fund its equity contribution in Frontier Power USA.
- Frontier Power USA secured a 2 GWh firm capacity reservation agreement with Eos, expanding Eos' backlog.
- A 15-year non-cancellable technology performance insurance policy framework of up to ~$1.5 billion was secured with Ariel Green.
- Frontier Power USA will build, own, and operate long-duration battery energy storage projects deploying Eos' Z3 technology.