Energous develops WPN (Wireless Power Network) technology that delivers over-the-air, RF-based power to battery-free IoT devices, eliminating the need for wired connections or periodic battery replacements.The company enables a shift from periodic tracking to continuous monitoring in supply chains by powering sensors that provide real-time data on temperature, humidity, and location via AI-driven analytics.Battery-free solutions significantly reduce operational costs; for example, an industrial firm with 10,000 devices could save approximately $6 million over five years by avoiding battery purchases and replacement labor.Energous leverages a co-selling relationship with Amazon Web Services (AWS) and is executing large-scale trials with Fortune 10 enterprises, including a major quick-service restaurant chain and support from Amazon for proof-of-concept trials.Unlike traditional RFID which offers “snapshots” of location, Energous provides “live streaming” data by layering wireless power on existing infrastructure, allowing for continuous condition monitoring rather than just hand-off point tracking.The stock is currently valued at an enterprise value of $53 million with a strong cash position, trading at a low multiple of projected 2027 revenue, while the company ramps up US-based manufacturing to meet demand in government and regulated sectors.See our Primer earlier this week.Subscribe now