Welcome to our dedicated page for Ess Tech news (Ticker: GWH), a resource for investors and traders seeking the latest updates and insights on Ess Tech stock.
ESS Tech, Inc. (NYSE: GWH) regularly issues news and updates about its long-duration iron flow energy storage systems and corporate developments. As a manufacturer focused on commercial- and utility-scale applications, ESS uses press releases to report on project announcements, technical milestones, leadership changes and financing activities that shape its business trajectory.
Company news often highlights project wins and pilot deployments. For example, ESS has announced a 50 MWh Energy Base pilot project with Salt River Project in Arizona and an 8 MWh Energy Base order aligned with its 10+ hour product focus. These announcements illustrate how its iron flow technology is being applied in real-world grid and utility contexts.
ESS also publishes financial results and capital transactions through quarterly earnings releases and related communications. Recent updates have covered second and third quarter financial results, insider-led funding measures totaling tens of millions of dollars, a promissory note with an investment fund managed by Yorkville Advisors Global, and the launch of a $75 million at-the-market equity program under a Sales Agreement with multiple agents.
Another key theme in ESS news is technical and operational progress. The company has reported achieving 12.2 hours of duration at rated power and 17.8 hours at reduced power for its technology, along with improvements in round-trip efficiency and material costs. It has also discussed a strategic reset focused on the Energy Base platform, operational efficiency and reduced cash requirements.
Leadership updates appear in ESS news as well, including the appointment of a new Chief Executive Officer, Chief Strategy Officer and General Counsel, Chief Financial Officer and Chief Operating Officer. Investors and observers can follow this news feed to see how ESS is executing its strategy in long-duration energy storage, advancing projects, and managing its capital structure over time.
ESS Inc. (NYSE:GWH) announced that CEO Eric Dresselhuys will present at the 2021 Milken Institute Global Conference on October 19, 2021, at 2:00 PM PT. The panel, titled “Energy and Commodity Markets: Structural Bull or Earthbound?”, will discuss significant energy market changes and the impact of the climate crisis on decarbonization efforts. This year’s conference theme is “Charting a New Course,” focusing on leveraging recent disruptions for a sustainable future. For more information, visit milkeninstitute.org.
Pangaea Ventures Ltd. announced that its portfolio company, ESS, Inc., has commenced trading on the NYSE under the symbol GWH. ESS specializes in long-duration energy storage systems utilizing innovative iron-based flow battery technology, designed to enhance the resilience of the power grid as renewable energy use escalates. The firm has secured an agreement with SB Energy to deploy 2 GWH of energy storage. Pangaea's commitment has been instrumental to ESS's growth, facilitating several funding rounds since its initial investment in 2015 at a valuation under $10M.
ESS Inc. has completed its business combination with ACON S2 Acquisition Corp., becoming the first publicly traded U.S. long-duration storage company. The company begins trading on the NYSE under the tickers GWH and GWH.W. This milestone is aimed at scaling operations and addressing the growing demand for renewable energy solutions. The transaction includes $308 million of pro forma net cash and backing from notable institutional investors such as Fidelity and Koch Industries, positioning ESS to capitalize on opportunities in the energy storage market.