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.
ESS Tech (NYSE: GWH) announced a shareholder letter from new CEO Drew Buckley outlining leadership changes, recent commercial wins, and balance sheet actions. Key items include a leadership reset, a $9.9 million U.S. Air Force-related contract for up to 27 MWh, prior 50 MWh Salt River Project deployment, and multiple financings that improved liquidity.
The company reported approximately $22 million cash and equivalents as of December 31, 2025 (pre-close) and completed a $15 million registered direct offering at $1.75 after year-end.
ESS Tech (NYSE: GWH) closed a registered direct offering on January 30, 2026 raising approximately $15 million in gross proceeds. The offering sold 8,571,428 shares (or pre-funded warrants) at $1.75 per share (pre-funded warrants at $1.74999), a premium to the January 28, 2026 close.
Pre-funded warrants are immediately exercisable. Net proceeds are expected to be used for general corporate purposes and working capital. Aegis Capital acted as placement agent; the offering was made under an effective Form S-3 shelf declared effective December 11, 2025.
ESS Tech (NYSE: GWH) announced a $9.9 million contract with Concurrent Technologies Corporation and the U.S. Air Force Research Laboratory to deploy up to 27 MWh of American-made iron flow battery systems at Clear Space Force Station, Alaska.
The project supports an AFRL initiative to demonstrate long-duration energy storage and resilient microgrids in extreme conditions (temperatures below -40°C), integrating IFB systems with microgrids and advanced controls for mission-critical power.
ESS Tech (NYSE: GWH) entered definitive agreements for a registered direct offering to raise approximately $15 million by selling 8,571,428 shares of common stock (or pre-funded warrants) at $1.75 per share, a premium to the January 28, 2026 close. The offering is expected to close on or about January 30, 2026.
Proceeds are planned for general corporate purposes and working capital. Aegis Capital is the exclusive placement agent; the offering is made under an effective Form S-3 shelf registration declared effective December 11, 2025.
ESS Tech (NYSE: GWH) announced executive changes effective January 1, 2026: Drew Buckley is named Chief Executive Officer, Kelly Goodman moves from Interim CEO to Chief Strategy Officer and General Counsel, and Kate Suhadolnik is appointed permanent Chief Financial Officer.
Buckley joined ESS in August 2025 to lead investor relations and capital markets strategy and brings nearly two decades of small- and mid-cap technology investment experience. The Board highlighted recent commercial progress, including a signed 50 MWh Energy Base pilot project with Salt River Project and a recent $40 million financing that CFO Suhadolnik guided.
The new CEO said his focus will be on execution, capital allocation, manufacturing scale-up, and providing an updated medium-term business outlook plus an investor/analyst day in 2026.
ESS Tech (NYSE: GWH) reported third-quarter results for the period ended September 30, 2025 and announced a 50 MWh Energy Base pilot with Salt River Project. The company completed a $40 million financing with Yorkville, subsequently repaid $15 million of the first $30 million promissory tranche, and completed a $25 million SEPA. ESS plans a $75 million ATM program with Yorkville, BMO, Canaccord, Needham, and Stifel and scheduled an Investor Day in January 2026. Management said focus will shift to execution: fulfilling the SRP pilot, scaling manufacturing, and validating long-term Energy Base economics as commercialization activities ramp in 2026.
ESS Tech (NYSE: GWH) will host a conference call to discuss third quarter 2025 financial results for the period ended September 30, 2025. The call is scheduled for Thursday, November 13, 2025 at 5:00 p.m. EST, and the earnings release will be issued after the market close on November 13, 2025.
Participants may join by phone (U.S. dial-in (833) 470-1428; international +1 (646) 844-6383, conference ID 359373) or via live webcast at the company's Investor Relations site http://investors.essinc.com/. Telephone replay is available through November 20, 2025 (U.S. replay (866) 813-9403; international +1 (929) 458-6194, conference ID 302525), and a web replay will be posted on the investor site.
ESS (NYSE:GWH) closed a $40 million financing with YA II PN, Ltd., providing $30 million of immediate capital and an additional $10 million available upon execution of an at-the-market sales agreement with Yorkville Securities, subject to customary conditions, original issue discount, and fees.
The financing is a one-year promissory note repayable in cash or from equity-proceeds and is intended to strengthen cash, support the U.S.-manufactured Energy Base initiative and execution of the recently announced 50 MWh New Horizon project for Salt River Project.
ESS (NYSE:GWH) and Salt River Project announced Project New Horizon, a 5 MW / 50 MWh iron flow long‑duration energy storage pilot to be installed at SRP’s Copper Crossing Energy and Research Center in Florence, Arizona.
The system will operate under a 10‑year energy storage agreement, store enough energy to power 1,125 average homes for 10 hours, use ESS Energy Base iron‑flow technology with >90% domestic content and a 25‑year life expectancy. Manufacturing begins in 2026 with delivery targeted by December 2027. SRP will evaluate non‑lithium LDES performance; EPRI will monitor project data.
ESS Tech (NYSE:GWH), a leading manufacturer of long-duration energy storage systems, reported its Q2 2025 financial results with significant strategic progress. The company secured up to $31 million in new capital and achieved GAAP revenue of $2.4 million, a 294% increase from Q1 2025.
Key highlights include proposal activity exceeding 1.1 GWh following Energy Base launch, operating cash burn reduction of ~80% in June compared to Q1 average, and appointment of Jigish Trivedi as COO. The company's Made in USA manufacturing model, with over 98% domestically sourced components, positions it favorably under recent federal legislation including the One Big Beautiful Bill Act.