{
  "id": 5745805,
  "title": "Google’s New Energy Project Gives Eos Energy a Key Technology Validation",
  "url": "https://urgent.news/2026/09/04/googles-new-energy-project-gives-eos-energy-a-key-technology",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T04:00:16.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/google-energy-project-gives-eos-040016014.html"
  },
  "original_language": "en",
  "account": "On September 2, MN8 Energy, Eos Energy Enterprises, Inc. (NASDAQ: EOSE), and Alphabet Inc. (NASDAQ:GOOGL) s Google announced a collaboration to provide clean, round-the-clock energy resources to the PJM grid. This marks an important validation for Eos Energy's long-duration battery technology. Analyst Stephen Gengaro reiterated a Buy rating on the stock with a $9.00 price target, viewing the collaboration positively despite its small initial project. Eos Energy will supply a 10MW/100 MWh Z3 battery, adding long-duration energy storage to support data centers. This technology could deliver dependable capacity for more hours of the day, benefiting AI data centers that demand longer-lasting energy sources. Eos' Chief Commercial Officer, Nathan Kroeker, emphasized the company's focus on deploying long-duration storage and addressing grid reliability challenges. During Q2, Eos reported a revenue of $68.8 million, a 351% year-over-year increase, a record backlog of $807 million, and a $24.6 billion commercial opportunity pipeline as of June 30, 2026. However, the company remains far from profitability, with a $48.8 million gross loss in Q2 compared to $31.0 million in the prior year. Gengaro noted that the initial project is small and will start operating in 2030, with the solar component beginning in 2028 and lithium-ion storage in 2029. The company's revenue guidance for 2026 has been tightened to $300 million to $350 million, down from the previous range of $300 million to $400 million. Hedge fund interest in both Eos and Alphabet has grown, with 45 hedge funds holding positions in Eos and 275 in Alphabet as of Q2. Overall, the EOS-Google-MN8 collaboration is a positive for all three companies, providing technology validation for Eos Energy's long-duration storage technology.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}