Eos Energy Enterprises, Inc. (NASDAQ: EOSE) announced that Alessandro Lagi will become its Chief Financial Officer, effective June 8 2026. Lagi joins the company after a 25‑year career at Johnson Controls, where he led the Global FP&A and Growth finance team and drove stronger earnings performance, cash generation, and operational accountability.
Eos has posted rapid revenue growth, reporting full‑year 2025 revenue of $114.2 million, a more than seven‑fold increase from 2024. The company, however, remains unprofitable, recording a net loss attributable to shareholders of $969.6 million for 2025, largely driven by non‑cash items. Cash balances stood at $624.6 million at year‑end, providing runway for continued expansion.
The company is scaling its manufacturing footprint, operating a facility in Turtle Creek, PA, and planning a new 432,000‑square‑foot plant in Marshall Township, PA, aimed at reaching 8 GWh of annualized energy‑storage capacity. This expansion is part of a broader strategy to meet growing demand from AI data centers and other grid‑stabilization customers.
Lagi’s experience in large industrial finance teams is expected to strengthen Eos’s financial discipline and capital efficiency as the company navigates significant cash burn and seeks profitability. His background in managing global finance functions positions him to support the company’s growth strategy and improve capital allocation.
"Alessandro has spent 25 years leading finance teams in complex, global energy and industrial businesses, building high‑performing finance organizations and delivering results," said CEO Joe Mastrangelo. "He brings the financial leadership, operating discipline, and global experience needed to scale an industrial operating business with rigor." Lagi added, "Eos is building something that matters. American‑built advanced storage infrastructure at the scale and pace the market urgently needs. I have spent my career growing global industrial businesses with financial discipline and operational focus, and I see a strong foundation at Eos to build on. I am proud to join the Company at…"
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