Engines
Safran and Boeing Jointly Invest In Battery Specialist EPS
The investment by Safran and Boeing in EPS is expected to improve production rates and costs for electric batteries to power aircraft.

Boeing and Safran this week announced a joint investment in energy storage specialist Electric Power Systems (EPS). The undisclosed investment during a Series A funding round will help Utah-based EPS to develop a highly automated industrial base capable of producing aviation-grade batteries at far higher rates than is possible today. It will also support work to reduce the cost of the batteries, making them more viable for electric aircraft.