Eos Energy Enterprises' zinc batteries could serve AI power demand, with an $807 million backlog and Q2 revenue up 351% year over year to $68.8 million. It posted an $83.8 million operating loss and filed to register up to 56.5 million shares for resale by existing holders.
Eos's zinc-powered batteries are presented as an alternative to lithium-ion systems for data-center power. The article says they address fire-safety concerns and require no active cooling, but are newer and less proven at scale. The Q2 backlog rose 25% sequentially and includes customers such as the U.S. Department of Defense and Alphabet. Eos said it secured orders from four new customers and two repeat customers; its Thorn Hill capacity expansion is expected to be finalized in Q1 2027.
The $83.8 million Q2 operating loss was worse than the $63.8 million net loss in the same quarter a year earlier. Eos narrowed full-year revenue guidance to $300 million-$350 million from $300 million-$400 million, citing timing issues as it consolidates production lines. Government loans helped support its $364.1 million cash position. The resale filing covers more than 10% of the company’s market capitalization; the article says the warrant-related dilution would not bring Eos new funds. The filing includes 34 million warrants exercisable at $1.60 that expire in 2028.
