Xos Inc shares surged 120% in premarket trading after securing its first US Air Force contract. The electric commercial vehicle company will develop a mobile charging solution for electrified support equipment and vehicles, adapting existing commercial technology for military use. The prototype agreement involves modifying Xos's Hub energy storage platform to provide high-capacity charging without relying on conventional electricity grids. Assembly will take place at the company's Tennessee facility, with work continuing through late 2027. The contract marks Xos's entry into the defence sector. The company cited projections showing the global military power solutions market could reach $19.87 billion by 2033, growing at 7.7% annually. The US Department of Defense is the country's largest institutional energy consumer, creating significant market potential for mobile power technologies.

Xos secures U.S. Air Force contract to deliver deployable mobile charging, marking defense market entry. Aug. 17, 2026, 04:30 PM * Selected through the U.S. Air Force Global Strike Command Rapid Capabilities Division 2026 Showcase, Xos will deliver a prototype ruggedized Xos Hub(TM) energy storage system for electrified support equipment and vehicles. * Xos to adapt its Xos Hub(TM) mobile battery energy storage system for defense charging applications, delivering high-capacity charging for electrified support equipment and vehicles, with assembly and integration at its Byrdstown, Tennessee facility. * Proves the dual-use power of a single platform: the same Xos Hub(TM) trusted by commercial fleets, ports, and municipalities now advances U.S. Department of Defense missions LOS ANGELES, Aug. 17, 2026 (GLOBE NEWSWIRE) - Xos, Inc. (NASDAQ: XOS) ("Xos" or the "Company"), a leader in electric commercial vehicles and mobile charging solutions, today announced that it has been awarded a prototype Other Transaction Agreement (OTA) by the United States Air Force to develop and deliver a deployable mobile charging solution for electrified support equipment and vehicles. The award, made through the Air Force Global Strike Command Rapid Capabilities Division 2026 Showcase, marks Xos's entry into the defense market and reflects the growing cross-sector demand for the Company's mobile energy storage platform across commercial fleets, ports, municipalities, and now national defense. The award lands in a fast-growing market: the global military power solutions sector is projected to reach $19.87 billion by 2033, growing at 7.7% annually as armed forces prioritize portable, high-efficiency energy across their operations. Xos meets that demand head-on with a commercially proven mobile energy platform, purpose-built to deliver high-capacity, grid-independent power wherever it is needed, without waiting on permanent infrastructure. Award at a Glance: * First U.S. Air Force contract for Xos. Awarded under the AFGSC Rapid Capabilities Division Showcase, a competitive, merit-based program that rapidly evaluates and fields emerging commercial technologies, the agreement establishes Xos as a defense technology provider. It validates the Xos Hub(TM) as a deployable power solution capable of meeting U.S. Department of Defense mission requirements and opens a new addressable market for the Company's mobile energy platform. * Modified for military-grade performance. Under the prototype agreement, Xos will adapt its Xos Hub(TM) mobile battery energy storage system to deliver reliable, high-capacity, standards-based charging for electrified support equipment and vehicles, extending the same grid-independent, infrastructure-free capability that commercial fleets rely on to demanding field environments. * A platform built for scale across sectors. The AFGSC award extends the Xos Hub customer base beyond commercial fleets and municipal operators into the U.S. defense ecosystem, adding to a growing pipeline that spans port authorities, utilities, and federal grant programs. It validates the Hub's role as infrastructure-grade mobile power for the most demanding operators in the world. * American-made. Designed in California and manufactured in Tennessee, the system will undergo primary assembly and integration at Xos's Byrdstown, Tennessee facility, reflecting a fully domestic design-to-build model that delivers purpose-built energy solutions from a U.S. production base. "This award marks a strategic inflection point for Xos. When the United States Air Force evaluates the market and selects our technology, it confirms what we set out to build from day one: a mobile energy platform proven in commercial operations that can meet the most demanding mission requirements in the field. Defense is a significant new addressable market for the Xos Ecosystem, and it is one where our advantages compound: American design and manufacturing, proven reliability, and deployable power that needs no fixed infrastructure. This is how Xos scales, carrying a platform already trusted across multiple sectors into the highest-stakes markets in the world," said Dakota Semler, Chief Executive Officer of Xos. The opportunity is substantial. The U.S. Department of Defense is the largest institutional consumer of energy in the United States, and the U.S. Army has committed to fielding microgrids at every installation and an all-electric non-tactical vehicle fleet by 2035. Xos is built to help power that shift: the Xos Hub delivers high-capacity, deployable energy with no permanent infrastructure, the same capability already proven in the field today, now adapted for defense operations. "This award reflects disciplined execution across engineering, operations, and manufacturing. As a non-traditional contractor, we move fast and we deliver, adapting a commercially proven product for a new mission and building it right here in Tennessee. It is a powerful demonstration of the flexibility of our platform and the strength of our American manufacturing base" said Giordano Sordoni, Co-Founder and Chief Operating Officer of Xos. With a period of performance extending into late 2027, the agreement positions Xos to demonstrate the versatility of the Xos Hub across new environments while deepening its domestic manufacturing capabilities. The Company intends to build on this milestone as it pursues additional opportunities to bring its mobile charging and energy storage technology to fleets and operators seeking reliable, deployable, infrastructure-free power. Xos is a leading energy storage and fleet electrification solutions provider. The Xos Hub is a proactive, movable power source delivering high-capacity output and high-speed charging in one. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The Company leverages its proprietary technologies to provide a diverse customer base with rapid-deployment energy storage and charging solutions and commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit www.xostrucks.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These statements are based on the current expectations and beliefs of Xos management and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by these forward-looking statements due to risks and uncertainties, including market demand, competitive conditions, manufacturing capabilities, supply chain constraints, tariff impacts, regulatory changes, product specification finalization, pricing, customer adoption, partner availability, and other factors described in Xos's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Xos undertakes no obligation to update these forward-looking statements. Media Contact: Diana Carvajal Marketing, Communications, and Public Relations [email protected] Investor Contact: Xos Investor Relations [email protected] Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. Sponsored Financial Content

Xos Power Hub offers grid-free storage for data center delays. Photo Credit: XOS Power Posted Wednesday, June 3, 2026 12:00 pm Xos Power Hub targets data center grid delays with containerized behind-the-meter storage. Grid interconnection timelines in the U.S. now routinely run three to seven years. A lot of data centers and industrial facilities cannot wait that long. Xos thinks a storage system that ships in a standard intermodal container and energizes a site within days is the answer. Xos, Inc. launched its 2.5MWh Power Hub series on June 2, a family of fully integrated behind-the-meter (BTM) energy storage and hybrid power systems designed to deliver megawatt-scale electricity to sites where the grid either cannot reach or cannot reach in time. The flagship 2.5MWh configuration ships inside a standard intermodal container with power conversion, plant controls, and generator dispatch logic already integrated. No separate microgrid controller. No multi-vendor commissioning. The company says a unit that arrives on a truck can be powering a site within days. The system scales from 1.2 MWh to 4 MWh across three configurations, and multiple units can be combined through an external power combiner to build multi-megawatt power plants from standardized blocks. The 2.5MWh pairs with a 500 kWe dual-fuel generator to handle GPU-driven workloads and transient-heavy loads that force conventional generators to run inefficiently at partial capacity. Xos says the battery storage absorbs load swings and keeps the generator running at peak efficiency, reducing fuel consumption per megawatt-hour delivered. Output is standard 480V three-phase. PJM capacity costs hit $16.4 billion as grid interconnection backlogs worsen. The product is launching into a market where the grid constraint problem has become measurably expensive. PJM Interconnection's December 2025 capacity auction cleared at $16.4 billion, up from $14.7 billion in 2024 and $2.2 billion just two years before that, according to PJM data. Additionally, data center load accounted for roughly 40% of those costs. The International Energy Agency (IEA) projects global data center electricity consumption will roughly double by 2030, with AI as the primary driver, but the transformers, switchgear, and grid connections needed to serve that demand carry lead times of up to five years. For facilities and technology operations teams already committed to projects that cannot wait for a grid connection, the practical options are limited. Natural gas generators are the fastest available power source but run inefficiently under the variable loads that GPU-intensive workloads create. Grid-connected battery energy storage system (BESS) deployments typically require separately procured DC battery blocks, power conversion systems, and microgrid controllers, adding months of timeline and significant integration cost. Xos is positioning the Power Hub as a single-unit alternative to that process. 250 MWh of deployed storage is the claim xos is leaning on. The company is drawing a direct line between the Power Hub and its existing commercial fleet charging business. Xos says the Power Hub shares the same battery, power electronics, and controls architecture currently running across more than 1,400 assets and over 250 MWh of deployed storage in North America, including fleet charging for autonomous vehicle operators and emergency-response applications. The stationary industrial power market is a different duty cycle from fleet EV charging, but the underlying technology stack is the same, and the operational track record is real rather than projected. Xos reported Q1 2026 revenue of $11.2 million, up 91% from the same period in 2025, though the company remains unprofitable with a net loss of $4.95 million in the quarter. The Power Hub launch produced a sharp after-hours stock reaction on June 2, with shares jumping more than 100%. Whether that reflects genuine market validation or short-squeeze dynamics in a thinly traded small-cap is a separate question. What is clear is that the underlying problem the product addresses, industrial and data center operators unable to get grid connections on the timeline their projects demand, is not going away soon.