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ESS Tech, Inc. - GWH STOCK NEWS

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. (symbol: GWH) is a leading innovator in the field of energy storage, specializing in the development of long-duration iron flow batteries. The company's groundbreaking technology leverages inexpensive and abundant electrolyte materials, paired with a next-generation cell design, to deliver cost-effective and reliable energy storage solutions for commercial, industrial, and utility applications.

ESS Tech's batteries are designed to integrate seamlessly with the modern electric grid, providing consumers with an efficient means to lower electricity costs and offering utilities a versatile option for incorporating renewable energy sources. This technology not only enhances grid stability but also promotes the use of sustainable energy, aligning with global efforts to combat climate change.

Recent achievements include successful pilot projects and partnerships with key industry players, demonstrating the practical viability and benefits of their systems in real-world applications. ESS Tech continues to focus on expanding its market presence and enhancing its product offerings to meet the growing demand for long-duration energy storage solutions.

Financially, ESS Tech has shown steady growth, supported by a strong commitment to innovation and strategic collaborations. The company's robust financial health underscores its potential for continued expansion and leadership in the energy storage sector.

With a dedicated team of experts and a clear vision for the future, ESS Tech, Inc. is well-positioned to drive significant advancements in energy storage technology, supporting a more reliable and sustainable power grid for all.

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ESS Tech, Inc. (NYSE: GWH) announces a partnership with Sapele Power Plc to provide long-duration energy storage solutions in Nigeria, marking the largest U.S. government-financed battery storage export to Africa. This project aims to improve the efficiency of Sapele's power generation, reduce reliance on backup generators, and enhance grid reliability in Nigeria. ESS' iron-flow technology will enable load-smoothing and peak demand shifting, contributing to a sustainable energy system in Africa.

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ESS Technology, Inc. has completed the commissioning of an Energy Warehouse at Amsterdam Airport Schiphol, marking the launch of a project to reduce carbon emissions by electrifying ground operations. The system will replace polluting diesel power units with Electric Ground Power Units, reducing carbon emissions and air pollution. The project supports Amsterdam Airport Schiphol's goal to be a zero-emission airport by 2030 and is part of the TULIPS consortium, funded by the EU to accelerate renewable energy deployment in Europe's aviation sector.

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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.
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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.
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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.
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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.
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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.
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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. (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.
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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.
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FAQ

What is the current stock price of ESS Tech (GWH)?

The current stock price of ESS Tech (GWH) is $7.89 as of October 15, 2024.

What is the market cap of ESS Tech (GWH)?

The market cap of ESS Tech (GWH) is approximately 96.2M.

What does ESS Tech, Inc. specialize in?

ESS Tech, Inc. specializes in long-duration iron flow battery technology for commercial, industrial, and utility applications.

How do ESS Tech's batteries benefit electricity consumers?

ESS Tech's batteries help consumers reduce electricity costs by storing energy efficiently and providing a reliable means of integrating renewable energy sources.

What materials are used in ESS Tech’s batteries?

ESS Tech’s batteries primarily use inexpensive and abundant electrolyte materials, making them cost-effective and environmentally friendly.

What recent achievements has ESS Tech, Inc. accomplished?

ESS Tech has successfully completed pilot projects and formed strategic partnerships, showcasing the practical benefits of their technology.

Why are ESS Tech’s batteries important for utilities?

ESS Tech’s batteries offer utilities a flexible option to incorporate renewable energy sources and improve grid stability, making the energy supply more reliable.

How does ESS Tech contribute to sustainability?

By enabling the integration of renewable energy and providing long-duration storage solutions, ESS Tech supports the global shift towards sustainable energy practices.

What is the financial outlook for ESS Tech, Inc.?

ESS Tech has shown steady financial growth, driven by innovation and strategic partnerships, positioning it well for future expansion.

Who can benefit from ESS Tech’s storage solutions?

Commercial, industrial, and utility sectors can benefit from ESS Tech's storage solutions by achieving cost savings and enhancing energy reliability.

What makes ESS Tech's battery technology unique?

The use of iron flow technology and earth-abundant materials sets ESS Tech's batteries apart as both cost-effective and environmentally friendly.

What is ESS Tech's vision for the future?

ESS Tech aims to drive significant advancements in energy storage technology, supporting a more reliable and sustainable power grid worldwide.

ESS Tech, Inc.

NYSE:GWH

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96.16M
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40.92%
35.65%
3.64%
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