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ESS Tech, Inc. - GWH STOCK NEWS

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. (symbol: GWH) is a leading innovator in the field of energy storage, specializing in the development of long-duration iron flow batteries. The company's groundbreaking technology leverages inexpensive and abundant electrolyte materials, paired with a next-generation cell design, to deliver cost-effective and reliable energy storage solutions for commercial, industrial, and utility applications.

ESS Tech's batteries are designed to integrate seamlessly with the modern electric grid, providing consumers with an efficient means to lower electricity costs and offering utilities a versatile option for incorporating renewable energy sources. This technology not only enhances grid stability but also promotes the use of sustainable energy, aligning with global efforts to combat climate change.

Recent achievements include successful pilot projects and partnerships with key industry players, demonstrating the practical viability and benefits of their systems in real-world applications. ESS Tech continues to focus on expanding its market presence and enhancing its product offerings to meet the growing demand for long-duration energy storage solutions.

Financially, ESS Tech has shown steady growth, supported by a strong commitment to innovation and strategic collaborations. The company's robust financial health underscores its potential for continued expansion and leadership in the energy storage sector.

With a dedicated team of experts and a clear vision for the future, ESS Tech, Inc. is well-positioned to drive significant advancements in energy storage technology, supporting a more reliable and sustainable power grid for all.

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ESS Tech, Inc. (NYSE: GWH) announces strategic partnership with Honeywell, Q3 revenue up 700% year-over-year, $42.5 million investment from Honeywell, collaboration with LEAG for 500 MWh iron flow battery system, awarded Export Achievement Certificate, Stanwell Corporation expands iron flow battery energy storage system pilot project, new executive appointments, webcast conference call on November 7, 2023.
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ESS Tech, Inc. will hold a conference call on November 7, 2023 to discuss its financial results for Q3 2023. Interested parties can join the call via telephone or access a live webcast.
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Honeywell announces collaboration with ESS Tech to advance iron flow battery energy storage systems. This partnership can accelerate decarbonization and meet the growing demand for long-duration energy storage. The global energy storage market is estimated to be $50 billion per year and could reach up to $3 trillion by 2040. IFB technology provides safe and sustainable energy storage without reliance on limited minerals like lithium or cobalt.
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ESS Tech, Inc. receives Export Achievement Certificate for expanding global deployment of its long-duration energy storage technology
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ESS completes commissioning of six Energy Warehouse™ systems for SMUD under the 2 GWh framework agreement. The systems are expected to eliminate approximately 284,000 metric tons of CO2 emissions per year. SMUD prepares for the next phases of integrating the system into its clean power portfolio. ESS and SMUD plan to establish a Center of Excellence for energy storage manufacturing in Sacramento.
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Harry Quarls joins ESS Board of Directors as Chairman, bringing extensive energy experience. ESS well-positioned to meet growing demand for long-duration energy storage.
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ESS Tech, Inc. announces the expansion of its executive leadership team to grow its presence in global energy storage markets. Jeff Loebbaka has been named Chief Commercial Officer, bringing his experience in growing clean technology companies into global enterprises. The company aims to deliver long-duration energy storage solutions to customers worldwide and catalyze the clean energy future.
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ESS Tech, Inc. hosted an event at its headquarters in Wilsonville, Oregon to commemorate the one-year anniversary of the Inflation Reduction Act. The event showcased ESS' fully automated manufacturing line for its long-duration energy storage systems. The company plans to scale its production capacity from 800 MWh to over 2 GWh in the coming years. Senator Ron Wyden, Dr. Christopher Saldaña, and Andrew Reagan delivered remarks on the IRA's contributions to the clean energy economy. ESS CEO Eric Dresselhuys highlighted the economic activity driven by the company, amounting to $170.4 million in 2022 and supporting over 530 jobs.
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ESS Tech, Inc. (GWH) reported a record revenue of $2.8 million in the second quarter of 2023. The company delivered nine Energy Warehouses to four new customers and announced a partnership with LEAG, a major German energy provider. ESS also received certification to the Underwriters Laboratories’ (UL) 9540 standard, reinforcing its position as an industry leader in the long-duration energy storage market.
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FAQ

What is the current stock price of ESS Tech (GWH)?

The current stock price of ESS Tech (GWH) is $6 as of November 22, 2024.

What is the market cap of ESS Tech (GWH)?

The market cap of ESS Tech (GWH) is approximately 71.3M.

What does ESS Tech, Inc. specialize in?

ESS Tech, Inc. specializes in long-duration iron flow battery technology for commercial, industrial, and utility applications.

How do ESS Tech's batteries benefit electricity consumers?

ESS Tech's batteries help consumers reduce electricity costs by storing energy efficiently and providing a reliable means of integrating renewable energy sources.

What materials are used in ESS Tech’s batteries?

ESS Tech’s batteries primarily use inexpensive and abundant electrolyte materials, making them cost-effective and environmentally friendly.

What recent achievements has ESS Tech, Inc. accomplished?

ESS Tech has successfully completed pilot projects and formed strategic partnerships, showcasing the practical benefits of their technology.

Why are ESS Tech’s batteries important for utilities?

ESS Tech’s batteries offer utilities a flexible option to incorporate renewable energy sources and improve grid stability, making the energy supply more reliable.

How does ESS Tech contribute to sustainability?

By enabling the integration of renewable energy and providing long-duration storage solutions, ESS Tech supports the global shift towards sustainable energy practices.

What is the financial outlook for ESS Tech, Inc.?

ESS Tech has shown steady financial growth, driven by innovation and strategic partnerships, positioning it well for future expansion.

Who can benefit from ESS Tech’s storage solutions?

Commercial, industrial, and utility sectors can benefit from ESS Tech's storage solutions by achieving cost savings and enhancing energy reliability.

What makes ESS Tech's battery technology unique?

The use of iron flow technology and earth-abundant materials sets ESS Tech's batteries apart as both cost-effective and environmentally friendly.

What is ESS Tech's vision for the future?

ESS Tech aims to drive significant advancements in energy storage technology, supporting a more reliable and sustainable power grid worldwide.

ESS Tech, Inc.

NYSE:GWH

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GWH Stock Data

71.30M
7.67M
35.35%
33.22%
4.07%
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