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. develops and manufactures long-duration energy storage systems based on iron flow battery technology for commercial and utility-scale applications. Company news centers on financial results, customer deployments and commissioning of LDES projects, third-party utility demonstrations, Energy Base development, and partnerships that expand non-lithium battery storage applications.
Updates also cover collaborations with utilities, public-sector customers and technology partners, the use of iron, salt and water in ESS battery chemistry, acquisitions that add intellectual property, and financing actions supporting commercialization and manufacturing execution.
ESS Tech, Inc. announced first quarter 2024 financial results with $2.7 million in revenue, partnering with Sapele Power in Africa, and increasing production capacity by 40%. ESS exited Q1 with over $89 million in cash and short-term investments, positioning the company well into H1’25. The company received top seismic ratings for its EC products, was recognized by Fast Company and Reuters for innovation, and completed key testing for its Energy Centers. ESS is set to deploy commercial ECs in 2024 and ramp up production further in 2025. The company continues to expand its footprint and demonstrate the role of LDES in renewable energy solutions.
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.
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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