I’ve been doing some research on $EOSE. They’ve guided full year 2025 revenue to between $150M to $190M, compared to only ~$16M reported in full year 2024. Analysts are projecting revenue of $477M in 2026 and $1B in 2027. They are ramping production of their proprietary Z3™ battery technology, an aqueous zinc battery system offering a non-flammable, fully recyclable, and long-duration alternative to lithium-ion, with safety and lifespan advantages suited for grid-scale and renewable integration. The reason I bring this up, re: IREN, is that these batteries can help reduce grid curtailment, which I believe is a big issue in the part of Texas where IREN is located because wind and solar energy is prevalent, but if there is no room on the grid to transport the electrons, the energy is essentially lost. I’ve been wondering how IREN was going to help ERCOT with it’s curtailment issues, and $EOSE batteries came to mind.
From Perplexity: “Demand Response and Curtailment Programs: IREN has a stated policy of participating in ERCOT demand response programs and curtailing data center loads during periods of grid stress or high market prices—turning off compute workloads automatically or reducing consumption as needed to support grid reliability. This makes AI and mining loads highly flexible and grid-supportive.”
It seems that IREN will need to either curtail workloads, which is a nonstarter, or have a battery type solution (or other source of power generation, like a turbine) so that they can draw on the batteries when ERCOT asks them to curtail loads
Note that “curtailment” has multiple meanings, from power generation sources (wind, solar, etc) being asked to curtail supply, to customers being asked to curtail usage.
Addendum: I asked @FransBakker9812 about the curtailment issue, and this is how he responded: https://x.com/FransBakker9812/status/1968668133725515851
“We have very little insights on that. The company has stated backup (diesel) generators and UPS systems. From what I found out after diving deeper, is that they plan to be able to run more than 24 hours without power from the grid. But the official disclosures are very limited in details. We don’t even know if they have a flexible or firm load connection agreement. Under SB6, they will have to comply with all the regulations and mandates when it comes to curtailment or the kill switch. There is a windfarm that interconnects with the SW1 substation, but that’s probably not something that can help $IREN, outside of a very unlikely situation of no more 345kV coming from the grid. I guess we will find out more in the coming months.”