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Renewable Energy 17 May 2026 - 30 May 2026

Eos Energy jumps after Texas battery contract tests its bet

Eos Energy jumps after Texas battery contract tests its bet

Eos Energy Enterprises shares climbed Thursday as Frontier Power USA agreed to buy a 480 megawatt-hour portfolio of battery energy storage projects from Bimergen Energy. This is the first significant deal tied to the deployment structure Eos unveiled with Cerberus Capital Management last week. A megawatt-hour is a unit of stored electricity, and battery energy storage system means grid-scale battery project.
Applied Digital Hits 1 GW, $31 Billion Bet Starts

Applied Digital Hits 1 GW, $31 Billion Bet Starts

Applied Digital on Wednesday said it has signed a 15-year take-or-pay lease with the same unnamed U.S. investment-grade hyperscaler already leasing at its Delta Forge 1 campus. The deal adds 300 megawatts of critical IT load at a new Polaris Forge 3 site, lifting contracted capacity for the Dallas-based company past 1 gigawatt. The lease, which requires the customer to pay whether or not it uses the full capacity, is worth about $7.5 billion over the base term.
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