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Eos Energy Enterprises CEO welcomes the House of Representatives’ action and supports the swift passage of the Build Back Better Act in the Senate to boost domestic production

CEO Joe Mastrangelo says Congress has an opportunity to create and grow American jobs and scale the domestic energy storage industry

EDISON, NJ, December 02, 2021 (GLOBE NEWSWIRE) – Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, supports the swift passage of the Build Back Better Act in the Senate and welcomes the House of Representatives’ efforts to drive the bill forward.

Chief Executive Officer Joe Mastrangelo made the following statement:

“The development and production of technologies that enable our economy and society to reduce CO2 emissions has global priority. Eos is leading the development of zinc batteries that store clean energy so that the power stays on when the sun isn’t shining or the wind isn’t blowing. This is a once in a lifetime moment for America to safeguard the jobs that are being created in the renewable energy sector. For the first time since the 1990s, Congress is considering legislation to incentivize businesses to manufacture this new technology in America, not overseas.

After spending more than 30 years in the energy industry, I can’t remember a time more inspired by American ingenuity and the impact it could have on our economy and prosperity. The Build Back Better Act guidelines provide a level playing field by prioritizing domestic manufacturing and promoting innovation. These are breakthrough guidelines for our employees as well as for companies like Eos, which is based in Edison, NJ, which makes batteries in a factory outside of Pittsburgh, PA, at the foot of the Appalachian Mountains. I urge Congress to pass this bill, not only because the investment in it will contribute to net-zero goals, but because it will create American jobs in communities ready to work. “

About Eos
Eos Energy Enterprises, Inc. is accelerating the clean energy transition with positively engineered solutions that are transforming the world’s energy storage. Our groundbreaking Znyth® aqueous zinc battery was developed to overcome the limits of conventional lithium-ion technology. Safe, scalable, efficient, sustainable – and made in the USA. – It is the heart of our innovative systems that today offer utility companies, industrial and commercial customers a proven, reliable alternative to energy storage. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information on Eos (NASDAQ: EOSE), please visit eose.com.

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Forward-Looking Statements
This press release contains certain statements that may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include, among other things, statements that relate to forecasts, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, “possible”, “potentially” ” predict, “” project, “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that any statement is not forward-looking. Forward-looking statements may include, for example, statements about: the future financial performance of Eos; Eos expansion and acquisition plans; and changes in Eos’ strategy, future business, financial condition, estimated revenues and losses, projected costs, outlook, plans and objectives of management. These forward-looking statements are based on information available as of the date of this press release and current expectations, projections and assumptions and involve a number of estimates, risks and uncertainties. Accordingly, forward-looking statements should not be assumed to reflect the parties’ views at a later date, and Eos undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of their publication, whether as a result of new information in the future Events or for other reasons, unless required by applicable securities laws. You should not place undue reliance on these forward-looking statements. Due to a number of known and unknown risks and uncertainties, actual results or performance could differ materially from those expressed or implied in these forward-looking statements. Some factors that could cause actual results to differ include: (1) the outcome of legal proceedings that may be brought against Eos; (2) the ability to maintain the listing of Eos common stock on the NASDAQ; (3) the ability of Eos’ business to grow and profitably manage growth, maintain relationships with customers and suppliers, and retain management and key employees; (4) changes in applicable laws or regulations; (5) the possibility that Eos will be adversely affected by other economic, business and / or competitive factors; and (6) other risks and uncertainties as disclosed from time to time, including those further described in Eos’ recent filings with the Securities and Exchange Commission, including Form 10-K filed on February 26 for the year ending December 31, 2020, 2021, and other factors identified in Eos’ previous and future SEC filings with the SEC, available at www.sec.gov.

contacts

Investors: ir@eose.com
Media: media@eose.com

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