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Shares of Eos Energy Enterprises (EOSE) popped nearly 17% on Wednesday after the battery storage firm partnered with Turbine-X Energy to develop private power solutions for the rapidly expanding AI infrastructure market.
This builds on a strong rally in EOSE shares, which have surged about 60% over the past five sessions following the release of its preliminary first-quarter earnings last week.
The companies signed a joint development agreement to build and deploy on-site energy systems for hyperscale data centers and other high-demand applications. Under the agreement, Turbine-X Energy will target up to 2 GWh of storage systems from EOS Energy over the next three years, with the first deployment expected in 2027.
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