-- (Updates with recent stock movement in headline and first paragraph.)
Eos Energy Enterprises (EOSE) shares rose 13% in afternoon trading on Wednesday after the company and Turbine-X Energy said they signed a joint development agreement to build power infrastructure for artificial intelligence data centers.
Financial details weren't provided.
The project combines gas-fired electricity generation with zinc-based battery storage to provide on-site energy for high-demand computing facilities, the companies said.
The collaboration targets the installation of up to 2 gigawatt-hours of battery capacity over the next three years, with initial deployments scheduled for 2027, they added.
Price: $7.10, Change: $+0.78, Percent Change: +12.34%