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ESS Tech Inc - GWH STOCK NEWS

Welcome to our dedicated news page for ESS Tech (Ticker: GWH), a resource for investors and traders seeking the latest updates and insights on ESS Tech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ESS Tech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ESS Tech's position in the market.

News
ESS Inc. Schedules First Quarter 2024 Financial Results Conference Call
Rhea-AI Summary
ESS Inc. (NYSE:GWH) announces a conference call to discuss its first quarter 2024 financial results. The call is scheduled for May 7, 2024, at 5:00 p.m. EDT, with the results to be released after the market closes on the same day. Interested parties can join via telephone or webcast.
Rhea-AI Impact
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End-of-Day
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earnings
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ESS’ Energy Center is First LDES Solution to Receive IEEE 693 Rating Demonstrating Resilience Against Seismic Events
Rhea-AI Summary
ESS Tech, Inc. (GWH) achieves IEEE 693-High certification for its Energy Center product line, showcasing resilience and safety in energy storage infrastructure. The certification ensures the product's suitability for critical infrastructure deployment in the US, withstanding seismic events. ESS becomes the first non-lithium long-duration energy storage provider to receive this rating, highlighting its commitment to quality and reliability in the clean energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.64%
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News
ESS Tech, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
ESS Tech, Inc. (GWH) reported a 50% decrease in Q4 Adjusted EBITDA loss YoY, exiting 2023 with over $100 million in cash. The company achieved record revenue of $7.5M in FY 2023, successfully delivering Energy Warehouses to key partners like Honeywell. ESS plans to further reduce EW unit costs by 40% in 2024 to achieve non-GAAP gross margin profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.04%
Tags
earnings
News
ESS Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results Conference Call
Rhea-AI Summary
ESS Tech, Inc. announced a conference call to discuss financial results for the fourth quarter and full year 2023. The call will take place on March 13, 2024, and interested parties can join via telephone or live webcast. The company's financial results will be disseminated after the market closes on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
earnings
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News
ESS Expands Deployment Footprint in California, Commissions New Project and Advances Energy Center Product Line
Rhea-AI Summary
ESS Tech, Inc. (NYSE: GWH) has announced the commissioning of an Energy Warehouse (EW) system at the Contingency Base Integration Training Evaluation Center (CBITEC) in Missouri. The company also delivered EW systems to Burbank Water and Power (BWP) and the Turlock Irrigation District (TID) in California, expanding its deployment footprint. These developments position the company to deliver on a $1B potential project pipeline, showcasing the critical role of long-duration energy storage systems (LDES) in reducing fuel consumption and supporting fully renewable grids.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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News
ESS Technology to Demonstrate Value of Long-Duration Energy Storage in Military Applications
Rhea-AI Summary
ESS Tech, Inc. (NYSE: GWH) has announced the commissioning of an Energy Warehouse (EW) system at the Contingency Base Integration Training Evaluation Center operated by the US Army Corps of Engineers Engineer Research and Development Center. The EW system, utilizing iron flow battery technology, aims to reduce fuel consumption at Contingency Bases and increase energy resilience in remote locations. The system is expected to reduce diesel consumption by up to 40% and enable the integration of solar generation, further reducing the need for diesel fuel. ESS systems have a 25-year design life with unlimited cycling and without capacity fade, making them suitable for various applications including utility-scale renewable energy installations, remote microgrids, and energy resilience applications.
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ESS Tech, Inc. Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
ESS Tech, Inc. (NYSE: GWH) announces strategic partnership with Honeywell, Q3 revenue up 700% year-over-year, $42.5 million investment from Honeywell, collaboration with LEAG for 500 MWh iron flow battery system, awarded Export Achievement Certificate, Stanwell Corporation expands iron flow battery energy storage system pilot project, new executive appointments, webcast conference call on November 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.38%
Tags
earnings
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News
ESS Inc. Schedules Third Quarter 2023 Financial Results Conference Call
Rhea-AI Summary
ESS Tech, Inc. will hold a conference call on November 7, 2023 to discuss its financial results for Q3 2023. Interested parties can join the call via telephone or access a live webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
earnings
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News
Honeywell and ESS Tech, Inc. Collaborate to Accelerate Commercial Deployment of Iron Flow Battery Energy Storage Systems
Rhea-AI Summary
Honeywell announces collaboration with ESS Tech to advance iron flow battery energy storage systems. This partnership can accelerate decarbonization and meet the growing demand for long-duration energy storage. The global energy storage market is estimated to be $50 billion per year and could reach up to $3 trillion by 2040. IFB technology provides safe and sustainable energy storage without reliance on limited minerals like lithium or cobalt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.9%
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News
ESS Recognized as Leading American Clean Technology Exporter by U.S. Department of Commerce
Rhea-AI Summary
ESS Tech, Inc. receives Export Achievement Certificate for expanding global deployment of its long-duration energy storage technology
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.35%
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Stock GWH logo
ESS Tech Inc

NYSE:GWH

GWH Rankings

#4109 Ranked by Market Cap
#5128 Ranked by Stock Gains
N/A Ranked by Dividends

GWH Stock Data

117.79M
65.37M
38.96%
41.56%
7.15%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States
Wilsonville

About GWH

energy storage systems is developing a novel flow battery technology for commercial, industrial, and utility applications. by combining inexpensive and abundant electrolyte materials with our next generation cell design, ess is creating a cost effective and reliable battery designed to work in conjunction with the modern electric grid. this will give electricity consumers an easily incorporated means of reducing their electricity costs and provide utilities with a flexible option for integrating renewable energy sources and improving grid stability.