Eos Energy Enterprises and Cerberus Capital Management Announce Frontier Power USA to Deploy American-Made Long Duration Energy Storage at Scale
Eos Energy Enterprises and Cerberus Capital Management are forming Frontier Power USA, a joint venture to deploy 2 GWh of long-duration energy storage systems. Cerberus is committing $100 million in equity to Frontier Power USA and extending its existing Eos lockup through year-end 2026. Frontier Power USA has secured a 15-year non-cancellable Technology Performance Insurance (TPI) framework with Ariel Green, with a total policy capacity of up to $1.5 billion.
Key figures
- Deal Value Usd
- 100000000
- Shares Offered
- 150000000
- Capacity reservation
- 2 GWh
- Technology performance insurance
- $1.5 billion
AI analysis
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