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For release Eos Energy Enterprises Reports Third Quarter 2021 Financial Results November 10 , 2021 — EDISON , N.J. — Eos Energy Enterprises , Inc. ( NASDAQ : EOSE ) ( " Eos " ) , a leading provider of safe , scalable , efficient , and sustainable zinc - based energy storage systems , today announced financial results for the third quarter ended September 30 , 2021 . Recent Business Highlights Booked orders of $ 137.4 million year - to - date resulting in backlog of $ 151.8 million , as of November 10 , 2021 + $ 3.4 million in product shipped , as of November 10 , 2021 + Substantial improvement in manufacturing quality and yields ; continue to affirm our model to achieve high scalability , low ramp lead time and low investment materiality risk vs. alternate storage technologies On October 5 , 2021 , Eos announced a $ 25 million equipment financing agreement with Trinity Capital to enhance manufacturing operations and further scale production On November 10 , 2021 , Eos announced a commitment from Blue Ridge Power to purchase 300 MWh of energy storage systems over the next two years for projects developed by Pine Gate Renewables + + eos + Eos Chief Executive Officer Joe Mastrangelo said , " The demand for longer duration energy storage applications continues to grow , and the benefits of our technology , including the low cost of ownership , scalability , safety and operational flexibility , have continued to resonate in the marketplace . We continue to build commercial momentum with marquee customers in the energy market , including orders from Ameresco and a follow - on order with Duke Energy . We are particularly pleased to see our efforts result in the recent 300 MWh order from Blue Ridge Power and Pine Gate Renewables , the largest order in company history . " Mastrangelo concluded , " Like many in our industry , Eos has not been immune to the macro headwinds related to labor and cost inflation and global supply chain constraints , which have contributed to project delays for energy storage projects . There continues to be timing risk in our pipeline , which is why we are updating our guidance for booked orders at year - end to a range of $ 175 million to $ 300 million . We remain confident in our long - term prospects , as we have maintained a strong pipeline of opportunities and continue to ramp our manufacturing capacity and improve yields . We believe our proven differentiated technology and competitive value proposition leaves Eos well - positioned to capitalize on the significant and growing market opportunity that lies ahead . " Eos . Positively ingenious . Please consider the environment before printing .