Xos Secures Follow-On Xos Hub™ Order from Xcel Energy to Provide Expedited and Flexible Fast Charging Opportunities for EVs in Colorado
Rhea-AI Summary
Xos (NASDAQ: XOS) received a follow-on order from Xcel Energy for three additional Xos Hub™ mobile energy storage and DC fast charging systems to support fleet and customer EV charging across Colorado. Two units will serve Xcel Energy service centers in Arvada and Grand Junction, while one will provide temporary charging for residential EV customers affected by grid construction in Denver.
The order builds on Xcel Energy’s initial deployment of two Hubs in 2024, including a Colorado unit that has delivered roughly 33,000 kWh of charging to date. According to Xos, Hubs can be operational in days versus six to eighteen months for typical permanent DC fast-charging upgrades and can reduce electricity costs by up to 40% in certain applications.
Positive
- Three-unit follow-on order from Xcel Energy for Xos Hub systems
- Xcel Energy Colorado Hub has delivered roughly 33,000 kWh of charging to date
- Xos Hubs deploy in days versus 6–18 months for typical permanent DC fast charging
- Off-peak charging via Xos Hub can reduce electricity costs by up to 40% in certain applications
- Order follows a twelve-unit follow-on Hub order from a leading autonomous fleet operator
- Xos Hub lineup expanded in January 2026 to three capacity tiers up to 630 kWh
Negative
- None.
Market Reaction – XOS
Following this news, XOS has gained 14.11%, reflecting a significant positive market reaction. Argus tracked a peak move of +15.3% during the session. Our momentum scanner has triggered 38 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $4.11. Trading volume is very high at 3.8x the average, suggesting strong buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 19 | Safety certification | Positive | +27.9% | The certification validated safety standards across multiple Hub product configurations. |
| Aug 17 | Defense contract | Positive | +112.4% | Prototype agreement introduced deployable mobile charging to the defense market. |
| Aug 13 | Quarterly earnings | Negative | -18.8% | Quarterly results showed margin expansion alongside lower revenue and vehicle volumes. |
| Aug 03 | Power demand study | Positive | +21.2% | White paper mapped zero-emission venue power needs for the Los Angeles Olympics. |
| Jul 30 | Earnings scheduling | Neutral | +3.7% | Company scheduled second-quarter results and a conference call after market close. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent product, contract, and research announcements aligned with positive reactions, while quarterly earnings diverged negatively despite reported margin improvement.
Key Terms
dc fast charging technical
interconnection technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Xos will supply an additional three Xos Hub™ mobile charging systems to support Xcel Energy fast charging capabilities at Colorado fleet sites and provide mobile charging for construction projects
- Xcel Energy orders three more Xos Hub™ units to charge fleet vehicles across different Colorado sites, to provide fast and flexible charging opportunities in a variety of use cases from semi-permanent to fully mobile
- Xos Hub units reach operability in days rather than the six to eighteen months typical of installation and set up to DC charging service
- Order follows Xos's first deployment of two Hub units with Xcel Energy in 2024 amid growing Hub demand among utility and fleet customers
LOS ANGELES, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leader in electric commercial vehicles and mobile charging solutions, today announced a follow-on order for three Xos Hub™ mobile energy storage and charging systems from Xcel Energy, a U.S. clean energy provider, to support fleet charging for a variety of applications across Colorado sites. Two units will be used at Xcel Energy service centers to provide fast charging capabilities for Xcel Energy fleet electric vehicle (EV) drivers, and one unit will be deployed to supply EV charging opportunities to Xcel Energy customers impacted by special construction projects in the Denver area.
The order expands Xcel Energy's use of the Xos Hub after the utility first deployed two units in 2024, reinforcing the platform's role in helping utilities operate electric fleets at locations where the upgrades needed are too expensive and time consuming, or where there is not a power source to provide an interconnection.
These deployments fulfill the utility’s goal to continue electrifying its operations, while solving common barriers across the industry, due to constrained supply chains and prolonged permitting processes. Since first deploying two Hub units in 2024, Xcel Energy has put the platform to work in real operating conditions, with its Colorado unit delivering roughly 33,000 kWh of charging to date. This latest deployment builds on that track record to address the gap directly.
Inside the Deployment
- Charging at Xcel Energy sites. Two of the three Hubs will charge fleet EVs at Xcel Energy-Colorado owned sites located in Arvada and Grand Junction where charging speed matters most to vehicle operability. By delivering reliable charging where it is needed, the Hubs help keep Xcel Energy's existing electric fleet assets in service.
- Charging during Special Projects. The third Hub will be utilized by an Xcel Energy transmission team working to upgrade the grid in a Denver neighborhood. The Xos Hub will provide a mobile charging opportunity for Xcel Energy residential customers who won’t be able to charge their personal EVs at home while construction is ongoing and electricity is not available for several hours.
- Operational in days, without permanent infrastructure upgrades. Each Xos Hub deploys in days and delivers DC fast charging without the permits, costs, and timelines of permanent utility upgrades, which typically require six to eighteen months. With off-peak grid charging, the Hub can reduce electricity costs by up to
40% versus standard DC fast chargers in certain applications. - Building on Hub momentum. This order follows Xos's recently announced twelve-unit follow-on Hub order from a leading autonomous fleet operator and the January 2026 expansion of the Hub lineup to three capacity tiers of up to 630 kWh, reflecting rising demand for mobile energy storage as grid constraints intensify. For Xcel Energy, it builds directly on the two units first deployed in 2024, extending a charging approach the utility has already put into operation.
Beyond day-to-day fleet charging, the Hub's mobile design lets operators redeploy units quickly during outages, severe weather, or other emergencies to provide temporary power where it is needed most. That flexibility makes the Hub a dual-purpose asset for both routine operations and emergency response.
“Our relationship with Xcel Energy has grown from an initial deployment into an ongoing collaboration, and that is exactly how we build at Xos. When a utility returns to solve more of its charging needs with the Hub, it reflects a partnership grounded in proven performance and a shared commitment to fleet electrification. We see meaningful room to keep expanding how we support Xcel Energy as increasing EV adoption and use in different settings make rapid-deployment charging increasingly important," said Giordano Sordoni, Chief Operating Officer of Xos.
“Our fleet drivers travel millions of miles each year, delivering essential energy services to our customers. These additional Xos Hub mobile charging systems will help keep our growing EV fleet moving while also providing customers with flexible charging options during important grid improvement projects,” said Robert Kenney, president, Xcel Energy – Colorado. “After seeing the value of the initial deployment, expanding our use of the Xos Hub was a natural next step.”
Xos continues to see growing interest in the Hub platform across utility, fleet, and autonomous operations, and expects mobile charging to remain a meaningful driver of demand as customers scale their charging needs. The Company remains focused on delivering rapid-deployment charging that helps customers electrify on their own timelines.
About Xos
Xos, Inc. (NASDAQ: XOS) is a leading manufacturer of fully electric commercial vehicles and mobile charging solutions, purpose-built for the demanding requirements of last-mile and return-to-base commercial fleet operations. The Company’s product portfolio includes the Xos Stepvan and Class 8 trucks, as well as Xos Hub™ mobile and stationary energy storage systems that enable fleet charging without costly infrastructure upgrades. Xos vehicles are designed and engineered to deliver lower total cost of ownership compared to conventional diesel vehicles, with zero direct emissions, lower maintenance costs, and improved operational efficiency. 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, 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
marketing@xostrucks.com
Investor Contact
Xos Investor Relations
ir@xostrucks.com
investors.xostrucks.com
