ESS Tech

ESS Tech, Inc. is in the research and development phase, engages in the manufacture of iron flow batteries for commercial and energy storage applications. The company was founded by Julia Song and Evans Craig in January 2011 and is headquartered in Wilsonville, OR.

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ESS Tech (GWH) reports record Q4 performance amidst supply chain challenges

ESS Tech (GWH) showcased strong performance in Q4 2022, addressing challenges in the supply chain while capitalizing on market opportunities and strategic partnerships. The company's focus on growth, efficiency, and innovation sets a positive trajectory for future success.

ESS Tech addresses revenue challenges, eyes growth in energy storage

ESS Tech navigated revenue challenges in Q1, focusing on scaling manufacturing and operational improvements.
Positive feedback from industry leaders underscores ESS's technology in achieving energy goals.
Market trends and customer interest in long-duration energy storage solutions offer growth potential for ESS.

ESS Tech (GWH) reports record revenue and strategic partnerships

ESS Tech (GWH) achieved record revenue, strengthened partnerships, and focused on operational efficiency. Acknowledged challenges in overseas projects and emphasized commitment to improvement. Actively pursuing opportunities in energy storage deployment and innovation.

ESS Tech (GWH) reports Q3 revenue growth amidst strategic shifts

ESS Tech (GWH) navigated Q3 with revenue growth targets and strategic partnerships, despite facing challenges in financial performance and operational transitions.
The company's leadership team enhancements and shift towards energy centers position it for future growth and innovation in the energy storage industry.
Analyst inquiries and ongoing adjustments underscore the need for operational efficiency and strategic planning to capitalize on upcoming opportunities and mitigate challenges.

ESS Tech (GWH) reports Q4 revenue shortfall but eyes profitability and growth in 2024

ESS Tech (GWH) navigated Q4 challenges with a focus on growth, cost reduction, and cash management. The company aims for profitability by late 2024 and foresees substantial revenue growth ahead, backed by strong partnerships and market position.

ESS Tech (GWH) reports revenue growth and strategic partnerships in Q1 2024

ESS Tech (GWH) shows progress in revenue growth and operational milestones, despite challenges in achieving profitability. Strategic partnerships and product certifications position the company for expansion and market leadership.

ESS Tech secures $50M funding, aims for profitability by year-end

ESS Tech (GWH) navigated challenges in revenue recognition delays but showcased strengths in securing funding for capacity expansion and advancing partnerships in the energy storage sector. The company's focus on cost reduction, cash management, and achieving profitability by year-end underscores a strategic approach towards financial sustainability. ESS faces opportunities in scaling production, leveraging partnerships, and driving innovation in the evolving energy storage market.

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ESS Tech, Inc. is a long-duration energy storage company, which specializes in iron flow battery technology. It develops long duration iron flow batteries for commercial and utility-scale energy storage applications requiring four or more hours of flexible energy capacity predominantly using earth-abundant materials. The company was founded by Julia Song and Craig E. Evans in January 2011 and is headquartered in Wilsonville, OR.

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of flexible, sustainable and responsible long-duration energy storage systems for commercial and utility-scale applications, today announced the commissioning of an Energy Warehouse (EW) system at the Contingency Base Integration Training Evaluation Center (CBITEC) operated by the US Army Corps of Engineers (USACE) Engineer Research and Development Center (ERDC) , located at Fort Leonard Wood, Mo. ESS.

ESS Technology to Demonstrate Value of Long-Duration Energy Storage in Military Applications

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ESS Tech, Inc. (NYSE:GWH ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Erik Bylin - Head, IR Eric Dresselhuys - CEO Tony Rabb - CFO Conference Call Participants Corinne Blanchard - Deutsche Bank Leanne Hayden - Canaccord Brian Dobson - Chardan Capital Markets Colin Rusch - Oppenheimer Chris Kapsch - Loop Capital Thomas Boyes - TD Cowen Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.

ESS Tech, Inc. (GWH) Q3 2023 Earnings Call Transcript

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems for commercial and utility-scale applications, today announced financial results for its third quarter ended September 30, 2023. “In the third quarter, ESS again made significant progress executing on improving our internal operations, commissioning units at existing customer sites, strengthening our balance sheet, and broadening cu.

ESS Tech, Inc. Announces Third Quarter 2023 Financial Results

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, announced today that it will hold a conference call on Tuesday, November 7, 2023 at 5:00 p.m. EST to discuss financial results for its third quarter 2023 ended September 30, 2023. The news release announcing the third quarter 2023 financial results will be disseminated on November 7, 2023 after the.

ESS Inc. Schedules Third Quarter 2023 Financial Results Conference Call

From a technical perspective, ESS Tech, Inc. (GWH) is looking like an interesting pick, as it just reached a key level of support. GWH's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Should You Buy ESS Tech, Inc. (GWH) After Golden Cross?

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The challenge of bringing down the cost of renewables is solved. The new challenge is managing all this cheap power with storage, software, and new transmission/distribution. Right now, LFP lithium batteries are tested, validated, and available in large quantities. They solve today's problems, but not tomorrow's, and bring a host of problems. What's needed is long-duration energy storage. There are many competing technologies, and we are in the pilot program stage.

ESS Tech Levels Up

A very well capitalized partner released details of investment in the storage solutions maker. It has amassed a double-digit percentage stake in its partner.

Why ESS Tech Stock Crushed the Market on Tuesday

Honeywell

Honeywell is investing in ESS Tech, an iron flow battery company that can provide backup power storage for utilities.

Honeywell Investment in Battery Storage Sends This Stock Soaring

ESS is partnering with Honeywell to advance its iron flow battery tech. If the tech works as planned, it could help utilities store renewable energy for when it's needed.

Why ESS Tech Stock Surged Higher Today

Honeywell (NYSE:HON) has invested in ESS Tech as part of a strategic collaboration with the energy technology company to advance the development and commercialization of iron flow battery (IFB) energy storage systems. The company said in a statement that the strategic collaboration brings together Honeywell (NYSE:HON)'s experience in advanced materials and energy systems with ESS' patented IFB design with the aim of tapping into growing global demand for long-duration energy storage solutions.

Honeywell partners with ESS Tech to fast-track commercialization of iron flow battery energy storage systems

CHARLOTTE, N.C. & WILSONVILLE, Ore.--(BUSINESS WIRE)--Honeywell (Nasdaq: HON) today announced a strategic collaboration with ESS Tech, Inc. (ESS) (NYSE: GWH) to advance technology development and market adoption of iron flow battery (IFB) energy storage systems. Honeywell has made an investment in ESS as part of this collaboration. The relationship builds upon each company's development of energy storage systems, and brings together ESS' market-leading, patented IFB design with Honeywell's adva.

Honeywell and ESS Tech, Inc. Collaborate to Accelerate Commercial Deployment of Iron Flow Battery Energy Storage Systems

LAS VEGAS--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it has been awarded an Export Achievement Certificate by the United States Department of Commerce for expanding global deployment of its American-made, innovative long-duration energy storage technology. ESS was recognized in a ceremony yesterday during RE+ to honor clean energy technology export.

ESS Recognized as Leading American Clean Technology Exporter by U.S. Department of Commerce

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it has completed commissioning of six Energy Warehouse™ systems delivered to the Sacramento Municipal Utility District (SMUD), the nation's sixth-largest community-owned electric service provider. The six Energy Warehouse™ systems represent the first delivery under a framework agreement f.

ESS Commissions First Iron Flow Battery Deployment for Sacramento Municipal Utility District

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of long-duration energy storage (LDES) for commercial and utility-scale applications, today announced Harry Quarls has joined the ESS Board of Directors as Chairman. Michael Niggli, the ESS Founding Board Chairman, will remain on the board to assist with this transition and continue providing insights from his four decades as a utility executive. With over 40 years of energy experience, Mr. Quarls bri.

Harry Quarls Joins ESS Board of Directors as Chairman

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced the expansion of its executive leadership team. Jeff Loebbaka has been named Chief Commercial Officer, adding significant depth to ESS leadership as the company continues to grow its global footprint and deliver long-duration energy storage solutions to customers worldwide. “Jeff brings a weal.

Jeff Loebbaka Joins ESS as Chief Commercial Officer to Drive Growth and Maximize Customer Value

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, hosted Senator Ron Wyden (D-Ore.), Dr. Christopher Saldaña, Director of the Advanced Materials & Manufacturing Office at the U.S. Department of Energy, and Andrew Reagan, Executive Director of Clean Energy for America yesterday at the company's headquarters and U.S. manufacturing facility in Wilsonville,.

Senator Ron Wyden and Senior Officials Join ESS to Celebrate a Year of Achievement in American Clean Tech Manufacturing

ESS Tech, Inc. (NYSE:GWH ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Erik Bylin - Head-Investor Relations Eric Dresselhuys - Chief Executive Officer Tony Rabb - Chief Financial Officer Conference Call Participants Thomas Boyes - TD Cowen Colin Rusch - Oppenheimer Corinne Blanchard - Deutsche Bank Davis Sunderland - Baird Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.

ESS Tech, Inc. (GWH) Q2 2023 Earnings Call Transcript

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems for commercial and utility-scale applications, today announced financial results for its second quarter ended June 30, 2023. “I'm proud of the progress ESS made in the second quarter, recognizing record revenue of $2.8 million and delivering nine Energy Warehouses to four different customers. We've made significant improvements acro.

ESS Tech, Inc. Announces Second Quarter 2023 Financial Results

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading global manufacturer of long-duration energy storage systems, announced today that Eric Dresselhuys, chief executive officer, and Tony Rabb, chief financial officer, will present at the Canaccord Genuity 43rd Annual Growth Conference in Boston on Wednesday, August 9 at 11:00 a.m. ET. A live webcast of the presentation will be available on ESS' Investor Relations website at http://investors.essinc.com/. A.

ESS Inc. to Present at the Canaccord Genuity 43rd Annual Growth Conference

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading global manufacturer of long-duration energy storage systems, announced today that it will hold a conference call on Tuesday, August 8, 2023 at 5:00 p.m. EDT to discuss financial results for its second quarter 2023 ended June 30, 2023. The news release announcing the second quarter 2023 financial results will be disseminated on August 8, 2023 after the market closes. Interested parties may join the confe.

ESS Inc. Schedules Second Quarter 2023 Financial Results Conference Call

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS”) (NYSE:GWH) is pleased to announce that, on June 29, 2023, the previously disclosed class action suit was voluntarily dismissed without any payment or other consideration from ESS. The suit was largely based upon assertions in the flawed Grizzly Research report published in December of 2022. As ESS has consistently stated, the short seller report contained numerous false and misleading assertions and allegations, including claims related.

Short Seller-Driven Class Action Suit Dismissed

ESS Tech has just announced a grid scale battery in Germany. The first phase of this project should generate $100mm in revenue for ESS -- about half its current equity capitalization. The ultimate storage aspect of this project may be 4x to 6x the size of this initial first phase, in terms of storage capacity.

ESS Tech: A Very Big Battery In Germany

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Battery Energy Storage is in good shape with lithium batteries for short-term (0-4 hr) storage; flow batteries showing promise for 6-24 hr storage and scaling up. Lockheed Martin building a 10 MWh facility at military base in Colorado, while ESS struggles with shipping its iron-flow battery product currently. RedFlow (3 GWh long duration storage implemented) after success with 2 MWh facility now building a 20 MWh facility in California.

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