ESS Global Fleet Achieves Operational Milestone Surpassing 2 GWh of Transacted Energy
ESS Tech (NYSE: GWH), a manufacturer of iron flow long-duration energy storage systems, has achieved a significant milestone with its global fleet surpassing 2.5 GWh of transacted energy. The company has made progress in delivering its Energy Center™ products, with two units completed for Portland General Electric and eight systems delivered to a major Florida utility, both projects expected to be operational this year.
The Energy Center™ product line has secured several important certifications, including ETL certification to UL 9540 standard for safety and environmental performance, MESA-Device profile certification for system communication and control, and IEEE 693-High certification for seismic rating. ESS is expanding its product line to include 12+ hour energy storage solutions with the Energy Base™ product.
ESS Tech (NYSE: GWH), un produttore di sistemi di stoccaggio energetico a lungo termine a flusso di ferro, ha raggiunto un traguardo significativo con la sua flotta globale che supera 2,5 GWh di energia transattata. L'azienda ha fatto progressi nella consegna dei suoi prodotti Energy Center™, con due unità completate per Portland General Electric e otto sistemi consegnati a un'importante utility della Florida, entrambi i progetti previsti per essere operativi quest'anno.
La linea di prodotti Energy Center™ ha ottenuto diverse certificazioni importanti, tra cui la certificazione ETL secondo lo standard UL 9540 per la sicurezza e le prestazioni ambientali, la certificazione MESA-Device profile per la comunicazione e il controllo del sistema, e la certificazione IEEE 693-High per la classificazione sismica. ESS sta ampliando la sua gamma di prodotti per includere soluzioni di stoccaggio energetico superiori a 12 ore con il prodotto Energy Base™.
ESS Tech (NYSE: GWH), un fabricante de sistemas de almacenamiento de energía a largo plazo de flujo de hierro, ha alcanzado un hito significativo con su flota global superando 2.5 GWh de energía transaccionada. La compañía ha avanzado en la entrega de sus productos Energy Center™, con dos unidades completadas para Portland General Electric y ocho sistemas entregados a una importante empresa de servicios públicos de Florida, ambos proyectos se espera que estén operativos este año.
La línea de productos Energy Center™ ha obtenido varias certificaciones importantes, incluyendo la certificación ETL según el estándar UL 9540 para seguridad y rendimiento ambiental, la certificación MESA-Device profile para comunicación y control del sistema, y la certificación IEEE 693-High para calificación sísmica. ESS está ampliando su línea de productos para incluir soluciones de almacenamiento de energía de más de 12 horas con el producto Energy Base™.
ESS Tech (NYSE: GWH), 철 흐름 장기 에너지 저장 시스템 제조업체,는 글로벌 플릿이 2.5 GWh의 거래된 에너지를 초과하는 중요한 이정표를 달성했습니다. 이 회사는 Portland General Electric을 위한 두 개의 유닛을 완료하고, 플로리다의 주요 유틸리티에 여덟 개의 시스템을 제공하는 등 Energy Center™ 제품의 제공에서 진전을 이루었습니다. 두 프로젝트 모두 올해 운영될 것으로 예상됩니다.
Energy Center™ 제품 라인은 안전 및 환경 성능을 위한 UL 9540 기준에 대한 ETL 인증, 시스템 통신 및 제어를 위한 MESA-Device profile 인증, 그리고 내진 등급을 위한 IEEE 693-High 인증 등 여러 중요한 인증을 확보했습니다. ESS는 Energy Base™ 제품으로 12시간 이상의 에너지 저장 솔루션을 포함하도록 제품 라인을 확장하고 있습니다.
ESS Tech (NYSE: GWH), un fabricant de systèmes de stockage d'énergie à long terme à flux de fer, a atteint une étape significative avec sa flotte mondiale dépassant 2,5 GWh d'énergie transigée. L'entreprise a progressé dans la livraison de ses produits Energy Center™, avec deux unités complétées pour Portland General Electric et huit systèmes livrés à un important fournisseur d'électricité de Floride, les deux projets devant être opérationnels cette année.
La ligne de produits Energy Center™ a obtenu plusieurs certifications importantes, y compris la certification ETL selon la norme UL 9540 pour la sécurité et la performance environnementale, la certification MESA-Device profile pour la communication et le contrôle du système, et la certification IEEE 693-High pour l'évaluation sismique. ESS élargit sa gamme de produits pour inclure des solutions de stockage d'énergie de plus de 12 heures avec le produit Energy Base™.
ESS Tech (NYSE: GWH), ein Hersteller von Eisenfluss-Langzeit-Energiespeichersystemen, hat einen bedeutenden Meilenstein erreicht, da seine globale Flotte 2,5 GWh an transaktierter Energie überschreitet. Das Unternehmen hat Fortschritte bei der Lieferung seiner Energy Center™-Produkte gemacht, mit zwei Einheiten, die für Portland General Electric abgeschlossen wurden, und acht Systemen, die an ein großes Versorgungsunternehmen in Florida geliefert wurden, wobei beide Projekte voraussichtlich in diesem Jahr in Betrieb genommen werden.
Die Produktlinie Energy Center™ hat mehrere wichtige Zertifizierungen erhalten, darunter die ETL-Zertifizierung nach dem UL 9540-Standard für Sicherheit und Umweltleistung, die MESA-Device profile-Zertifizierung für Systemkommunikation und -steuerung sowie die IEEE 693-High-Zertifizierung für seismische Bewertung. ESS erweitert sein Produktangebot um Energiespeicherlösungen mit einer Speicherdauer von über 12 Stunden mit dem Produkt Energy Base™.
- Global fleet achieved 2.5 GWh of transacted energy milestone
- Secured multiple industry certifications (UL 9540, MESA-Device, IEEE 693-High)
- Delivered 8 Energy Center™ systems to Florida utility
- Expanding product line to 12+ hour storage solutions
- None.
Insights
ESS Tech Achieves Critical Operational Milestones, Signaling Commercial Momentum in LDES Market
ESS Tech's announcement of surpassing 2.5 GWh of transacted energy represents a significant operational validation for this micro-cap energy storage player. This milestone demonstrates that their iron flow battery technology is functioning reliably in real-world conditions, addressing one of the primary investor concerns about novel storage technologies.
The delivery of multiple Energy Center™ systems to Portland General Electric and a Florida utility signals growing utility acceptance of iron flow technology for long-duration applications. Utilities typically adopt new technologies cautiously, making these deployments particularly noteworthy for validating market demand.
What's especially impactful about ESS's recent certifications is how they systematically remove deployment barriers. The UL 9540 safety certification addresses critical fire safety concerns that have plagued lithium-ion competitors. Meanwhile, being first to demonstrate compliance with MESA-Device profiles gives ESS a technical edge in grid integration - a important advantage as utilities increasingly demand standardized control interfaces for distributed energy resources.
The IEEE 693-High seismic certification unlocks markets in earthquake-prone regions like California, where resilient infrastructure commands premium pricing. This certification portfolio collectively derisks adoption for conservative utility buyers and potentially accelerates sales cycles.
For investors, these developments should be viewed through the lens of ESS's $49.3 million market capitalization. At this valuation, even modest commercial traction could significantly impact the company's financial trajectory. The evolution toward 12+ hour storage with their Energy Base™ product strategically positions ESS in a market segment where lithium-ion economics become challenging, potentially commanding higher margins.
However, critical questions remain about ESS's cash runway and production capacity to capitalize on these achievements. With the stock trading at $4.30, investors should closely monitor whether these operational milestones translate to accelerating revenue growth and improved gross margins in upcoming quarterly results.
In the rapidly evolving energy storage landscape, ESS's iron flow technology offers distinct advantages for longer-duration applications - including non-degrading capacity, non-flammability, and sustainable materials. As utilities increasingly seek storage durations beyond 4 hours to integrate renewable generation, ESS's positioning in the 8-12+ hour segment could prove strategically valuable if they can scale production efficiently.
Additional Energy Center™ products are delivered to
In December, ESS completed construction and initial testing of two Energy Center™ units for Portland General Electric and began shipment of Energy Center™ systems to a major
“These milestones illustrate the value that ESS systems are delivering to our customers and our steady progress in scaling the business,” said Hugh McDermott, ESS SVP of Business Development. “The Energy CenterTM is our 8+ hour product and we continue to build on the evolution of our systems. We’re now looking to add 12+ hour projects with our Energy BaseTM product line while continuing to grow the overall ESS fleet to provide safe and sustainable LDES, including delivering green baseload, for decades to come.”
Underscoring the safety and sustainability of the solution, the Energy Center™ product line recently earned industry-leading certifications including ETL certification to the UL 9540 standard. UL 9540 is a comprehensive safety standard for grid-connected energy storage systems which affirms the safety of the battery system and its environmental performance. The standard covers stationary energy storage systems for both outdoor and indoor installations.
To facilitate deployment and operation of ESS products, the Energy Center™ product line also recently passed the Modular Energy System Architecture (MESA) Standards Alliance’s MESA-Device profile test, the first energy storage technology to demonstrate compliance, and has also received SunSpec Alliance Modbus Certification.
The Energy Center’s software was rigorously assessed against the MESA-Device profile test to confirm its ability to reliably communicate and share data between systems at a project site and to enable clean, predictable command and control operation.
These new certifications are in addition to IEEE 693-High certification, which the Energy Center product line received in 2024. IEEE 693 is a widely accepted seismic rating for energy infrastructure. ESS was the first non-lithium LDES provider to receive the certification, providing assurance that the Energy Center product line qualifies for deployment as critical infrastructure in seismically active regions.
If you would like to learn more about these developments, including information about ESS’ new Energy BaseTM product line, representatives from ESS will be exhibiting at Intersolar North America in
About ESS Tech Inc.:
ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.
Forward-Looking Statements
This communication contains certain forward-looking statements, including statements regarding ESS and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “will” and “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements include, among others, statements regarding the Company’s leadership team, expectations regarding future activities, the exploration of strategic alternatives and the installation of energy storage systems for applications in the 12 to 24 hour long duration storage market, which are currently at the RFP stage. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, our product specifications and performance and customer installations, as well as those risks and uncertainties set forth in the section entitled “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2024, and its other filings filed with the SEC. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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Investors:
Erik Bylin
Investors@essinc.com
Media:
Morgan Pitts
503.568.0755
morgan.pitts@essinc.com
Source: ESS, Inc.
FAQ
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