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.
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ESS Tech, Inc. (NYSE: GWH) announces the delivery of three Energy Warehouse systems to California wineries, including Roederer Estate, Scharffenberger Cellars, and Domaine Anderson. The systems will be integrated into a solar + storage microgrid in Mendocino County, enhancing energy resilience against Public Safety Power Shutoff events and other grid interruptions. This partnership with Coldwell Solar aims to provide these wineries with a clean, reliable energy source, reduce peak electricity demand, and achieve significant energy savings. ESS’s technology is certified safe and non-toxic, utilizing iron flow technology with a 25-year design life. The microgrid is expected to be operational by late 2023, showcasing ESS's commitment to sustainable energy solutions for commercial applications.
ESS Tech Inc. (NYSE:GWH) announces that its S200 battery modules received certification under the Underwriters Laboratories (UL) 1973 standard, confirming their safety and resilience for energy storage systems. This certification underscores ESS's commitment to safety in its technology, particularly in high-risk areas. The S200 modules are integral to the company's Energy Warehouse and Energy Center product lines, offering up to 12 hours of flexible energy capacity using non-toxic materials like iron and salt. Recent contracts with Amsterdam Airport Schiphol and the Sacramento Municipal Utility District highlight the growing adoption of ESS's sustainable technology.
ESS Tech, Inc. (NYSE:GWH) reported record unit deliveries and nearly 800 MWh of annual production capacity for the year ended December 31, 2022. Despite supply challenges, the company delivered 14 Energy Warehouses in Q4. Key agreements with Sacramento Municipal Utility District and Burbank Water and Power signal strong market traction. The operational launch of a fully automated manufacturing line enhances capacity and efficiency. Moving into 2023, ESS plans a calculated approach to scaling the business, aiming to optimize processes and reduce costs while focusing on unit profitability.
Energy Storage Industries (ESI), based in Queensland, Australia, is advancing iron flow battery technology to boost the region's renewable energy capabilities. Key milestones include the completion of the first production batteries and recognition from government officials. ESI's batteries, with a 10-14 hour storage capacity and 25-year life cycle, are aimed at large-scale energy storage. The company is investing $70 million in a manufacturing plant in Maryborough, which is set to create up to 500 jobs by 2026. ESI's technology is backed by Munich Re, providing a 10-year performance guarantee for clients worldwide.