Eos Energy signs multiyear exclusive supply pact with SABIC for Z3 battery material

Eos Energy Enterprises, Inc.

Agreement with SABIC affiliate SHPP US LLC for conductive composite thermoplastic, replacing titanium.
New material reduces Eos Z3 battery module weight by 80% and streamlines manufacturing.
Exclusive supply through 2028 with minimum volume commitments; supports scaling of Z3 production.
Part of Project AMAZE cost-reduction initiative; follows years of joint R&D since 2019.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eos Energy Enterprises, Inc. entered into Pricing Agreement with SHPP US LLC (Sabic) (effective 2024-01-31).

Action: entry
Agreement: supply
Counterparty: SHPP US LLC (Sabic)
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, HI-POWER, LLC (“Hi-Power”), a wholly-owned subsidiary of Eos Energy Enterprises, Inc. (“Eos”), entered into a Pricing Agreement (“Pricing Agreement”) with SHPP US LLC (“Sabic”) to govern the pricing terms for sales of certain resin (the “Product”) to Hi-Power authorized purchasers by Sabic.

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Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001805077-24-000007

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