Boeing and Safran agree to invest in EPS in bid to reduce costs for battery systems

Boeing and Safran have signed a joint investment agreement in Utah-based Electric Power Systems (EPS), a company offering a range of certifiable and lightweight energy storage products that provide high-quality power for aerospace and other markets. The joint investment will help EPS develop a highly automated industrial base capable of producing aviation-grade energy storage systems at an unprecedented scale. The investment will also support the advancement of technologies to further reduce the costs of battery systems for electric airplanes. Brian Schettler, managing director of Boeing HorizonX Ventures“EPS’ battery technology meets Boeing’s high standards of safety and can enable significant cost savings for