• Xos said its latest offering comes in three capacity variants and can be deployable with days.
• The company’s offering can be used in environments where power grids are not available.
• The energy solution eliminates companies' dependence on household power distributors for electricity.

Shares of energy storage and electric vehicle charging solutions provider Xos Inc. (XOS) more than tripled in value overnight on Tuesday and are continuing their surge going into Wednesday’s premarket trading after the company announced a series of offerings that can power data centers and industrial sites in the absence of a power grid.

At the time of writing, XOS stock was up nearly 200%, on track to open at a near two-year high, and was the top percentage gainer among equities on Stocktwits.

Delivering Megawatt-Scale Power For Data Centers

Xos’ latest offering is the “Power Hub” series, a power storage and supply solution on wheels that is based on the same technology as its existing mobile EV charging platform, eliminating companies’ dependence on household power distributors for electricity.

The company said its latest offering comes in three capacity variants and can be deployable with days.

“The single biggest constraint in US industry right now is the inability to deliver power where it’s needed, when it’s needed,” said CEO Dakota Semler. “We engineered this product to do three things that conventional energy storage systems cannot: arrive on a standard truck, energize without a microgrid controller, and make every kilowatt-hour of fuel-fired generation cleaner and more efficient. This is not a battery. It is a deployable power plant.”

Alternative Energy Solutions Are The Need Of The Hour

Global power consumption has soared to an all-time high this year, driven by the rampant buildout of data center infrastructure paired with extreme weather conditions. This has led hyperscalers and companies to seek alternative energy sources to produce the computing capacity required to power artificial intelligence.

According to the International Energy Agency, data centers accounted for half of all growth in electricity use in the United States, which makes sense, as the country is leading the AI infrastructure buildout race. The energy analysis organization expects global data center electricity consumption to roughly double by 2030.

What Do Retail Traders Think About XOS?

On Stocktwits, retail sentiment about the XOS stock turned ‘extremely bullish’ from ‘bearish’ amid ‘extremely high’ message volume over the last 24 hours.

One user on the platform said the company “sits in commercial data center adoption where regulation + cost savings drive demand.”

XOS stock has more than doubled in value so far this year and climbed more than 25% over the last 12 months.

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