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Energous expands Fortune 10 customer deployments and proof-of-concept pipeline

April 15, 2026 7:01 AM

Energous Corporation (NASDAQ: WATT) reported expanding deployments with two Fortune 10 customers and a growing proof-of-concept pipeline across multiple industries, according to a company statement released April 15.

The wireless power solutions company said its first Fortune 10 customer continues deploying wireless power network infrastructure across approximately 4,700 targeted U.S. locations, with over 1,500 installations completed. A second Fortune 10 customer in e-commerce and reverse logistics has expanded its program across multiple use cases and geographies, including international locations with over 14 installations completed.

"The momentum that defined 2025 has carried into early 2026," said Mallorie Burak, CEO and CFO of Energous. "The commercial infrastructure we built last year, recently expanded manufacturing capacity, a strengthened balance sheet, and a growing portfolio of active deployments, is enabling us to pursue opportunities at a pace and scale that was not possible twelve months ago."

The company is advancing proof-of-concept initiatives across retail, manufacturing, and foodservice sectors, including grocery and quick-service restaurant operations. Energous is also progressing programs with government and regulated-sector organizations where domestic manufacturing and infrastructure security requirements factor into vendor selection.

Energous reported successful operation of its wireless power technology in temperature-controlled and refrigerated environments, enabling deployment in cold-chain applications across foodservice, logistics, and supply chain operations. The company has engaged a second U.S.-based contract manufacturer to support customers with domestic sourcing requirements.

The company plans to restart quarterly investor conference calls beginning with first quarter 2026 results in May. Energous had previously suspended regular earnings calls.

"We are supporting multiple simultaneous customer programs across different stages of commercialization, from large-scale proof-of-concept evaluations to expanding full production deployments," Burak said.

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