Why Is Eos Energy Stock Up Today? - Eos Energy Enterprises (NASDAQ:EOSE)
The $353 million investment will create 1,000 jobs and expand energy storage capacity with a new 423,000-square-foot facility, supported by a $24 million economic package.
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Pennsylvania energy manufacturing jobs grow with Eos expansion
TURTLE CREEK, Pennsylvania — Joe Mastrangelo’s dream of taking his Eos Energy Storage from an upstart manufacturing facility of energy storage systems to a power player in the energy industry came to fruition on Tuesday with the announcement that the production facilities in the Mon Valley will remain. It will also relocate its headquarters from New Jersey to the North Side of Pittsburgh and expand its production line to a 432,000-square-foot fa…
Zinc battery storage firm could add 730 jobs in Turtle Creek, Marshall - Pittsburgh Union Progress
Two years ago, Eos Energy Enterprises Inc., which builds a new lower-cost zinc battery in Turtle Creek, received a $398.6 million loan guarantee from the U.S. Department of Energy to expand its business. On Tuesday, the company announced how it will spend a large chunk of that money: moving “a couple of hundred” software engineers and office workers from New Jersey to Nova Place on Pittsburgh’s North Side and acquiring a 432,000-square-foot ware…
Why Eos Energy Stock Jumped Today
Key PointsEos Energy's power solutions are in high demand.A new economic development award should help to fuel the battery manufacturer's expansion.10 stocks we like better than Eos Energy Enterprises › What happened Shares of Eos Energy Enterprises (NASDAQ: EOSE) climbed more than 8% on Tuesday after the battery technology company announced plans to expand its manufacturing capabilities to meet the surging demand for artificial intelligence (AI…
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