Shares of Eos Energy Enterprises Inc. (NASDAQ: EOSE) climbed 3.6% on Thursday after the company unveiled plans to consolidate battery manufacturing operations, aiming to reduce costs and streamline production.
The company intends to relocate battery production from its Turtle Creek facility in Pittsburgh to the 432,000-square-foot Thorn Hill plant in Warrendale, Pennsylvania. Thorn Hill, which began commercial operations in June, has a nominal capacity of approximately 4 gigawatt-hours with two production lines active. The transition is expected to commence in the fourth quarter of 2026, with completion targeted for early 2027.
Eos Energy estimates that the consolidation will reduce conversion costs by 10% to 15%, with cost-saving benefits beginning in 2027. The company projects full-year revenue between $300 million and $350 million.
The restructuring will affect around 250 employees, including about 205 union-represented workers. Eos plans to offer roles at Thorn Hill, Building 200 at Turtle Creek, or corporate offices, subject to collective bargaining agreements. Meanwhile, assembly, testing, and shipping of the company’s battery cubes will continue at Turtle Creek’s Building 200, pending customary lender approvals.
