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Shares of Eos Energy Enterprises (EOSE) popped nearly 12% 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 (Q1) 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.
"This partnership establishes a new model for private power infrastructure, purpose-built for AI. TURBINE-X brings proven execution capability in gas-fired generation, and our Indensity architecture delivers more energy in less space with the response speed these environments require. We are actively developing projects and advancing a shared commercial pipeline,” said Justin Vagnozzi, Eos SVP of Technical Sales & Commercial Operations.
The current pipeline includes several large projects in development, each designed to support hundreds of megawatts per site.
Last week, Eos Energy announced its preliminary Q1 update, with shipments rising 17% quarter-over-quarter. Battery output increased 10.4%, while bipolar output grew 10.6%.
Improved automation drove a 22% gain in yields, highlighting better efficiency. Revenue reflected a higher mix of DC-system projects compared to AC-coupled systems.
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