Frontier Power USA completes $263 million equity capital raise to support US battery energy storage portfolio
Type: Financing · Technology: Storage · Country: United States · Value: $263M · Announced: 2026-08-05
Frontier Power USA (FPUSA) has completed a $263 million equity capital raise, exceeding its original fundraising target, to support the development of its US battery energy storage portfolio. The financing includes a $100 million investment from Cerberus Capital Management, approximately $113 million from Eos Energy Enterprises, and $50 million from Hudson Bay Capital Management. This capital raise supports FPUSA’s repeatable model for acquiring, financing, constructing, and operating battery storage projects across high-growth U.S. markets. The company is also in final negotiations with offtake providers for its projects.
Counterparties
- Frontier Power USA (Borrower)
- Cerberus Capital Management (Investor)
- Eos Energy Enterprises (Investor)
- Hudson Bay Capital Management (Investor)
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