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) pioneers iron flow battery technology for sustainable energy storage solutions. This dedicated news hub provides investors and industry professionals with comprehensive updates on the company's strategic developments and market position.
Access official press releases and curated analysis covering product innovations, partnership announcements, and operational milestones. Our repository tracks ESS Tech's progress in commercializing long-duration storage systems while monitoring industry trends affecting grid modernization and renewable integration.
Key focus areas include flow battery deployments, grid stability projects, and industrial energy solutions. Stay informed about technology certifications, capacity expansions, and sustainability initiatives that demonstrate ESS Tech's role in the clean energy transition.
Bookmark this page for streamlined access to verified updates on ESS Tech's patented energy storage systems and their applications across utility-scale and commercial markets. Regularly updated content ensures timely awareness of material developments impacting the company's growth trajectory.
ESS Inc. (NYSE: GWH) has partnered with Consumers Energy (NYSE: CMS.PRB), Michigan's largest energy provider, to deploy a battery system for a solar and storage microgrid at a gas compression facility. This project marks the first use of an iron flow battery in such an application, showcasing the Energy Warehouse platform's capabilities for long-duration energy storage. The initiative supports Michigan's goal for 1,000 MW of storage by 2025, contributing to a sustainable energy future.
ESS Inc. (NYSE: GWH) has secured its first utility-scale battery storage project in partnership with Burbank Water and Power (BWP) in California. The project involves installing a 75 kW / 500kWh Energy Warehouse™ connected to a 265 kW solar array at the BWP EcoCampus. This initiative aims to enhance renewable energy use, supporting grid resilience and reliability. The battery technology, which boasts a 25-year lifespan and safe materials, will provide enough power for approximately 300 homes annually. Installation is expected by December 2023.
ESS Tech, Inc. (NYSE:GWH) announced its third-quarter 2022 financial results, highlighting revenue recognition advancements with $189,000 from an Energy Warehouse™ unit. The company has implemented a fully-automated manufacturing line, enhancing production capacity to over 750 MWh by year-end. A significant agreement with Sacramento Municipal Utility District for 2 GWh of long-duration storage over five years supports their 2030 Zero Carbon Plan. Anthony Rabb was appointed CFO, as ESS aims to capitalize on increasing demand following the Inflation Reduction Act.
ESS Tech, Inc. (NYSE:GWH) will hold a conference call on November 3, 2022 at 5:00 p.m. EDT to discuss its third quarter 2022 financial results, concluding on September 30, 2022. The financial results press release will be made available after market hours on the same day. Investors can join the call by dialing (833) 927-1758 for U.S. callers or +1 (929) 526-1599 for international participants, using conference ID 121282. A replay will be accessible until November 10, 2022. The call will also be webcast live on ESS’ Investor Relations website.
ESS Inc. (NYSE:GWH) has partnered with Citizens for Responsible Energy Solutions and the U.S. Energy Association to release a brief during National Clean Energy Week. The document emphasizes the pressing need for long-duration energy storage (LDES) to optimize renewable energy use and reduce carbon emissions effectively. It highlights curtailment data showing significant amounts of renewable energy wasted due to insufficient storage capabilities, particularly in California, where 1,500 GWh of energy was curtailed in 2021. The brief argues that deploying LDES is essential for a reliable, low-carbon energy system.
ESS Inc. (NYSE: GWH) has partnered with Sacramento Municipal Utility District (SMUD) to provide up to 200 MW / 2 GWh of long-duration energy storage solutions. This agreement supports SMUD's 2030 Zero Carbon Plan by integrating ESS’s Energy Warehouse™ and Energy Center™ systems into the grid, helping to reduce thermal generation and maximize solar energy. The collaboration includes building local jobs and creating a Center of Excellence for energy storage training, crucial for California’s decarbonization efforts. This initiative aims to remove 284,000 metric tons of CO2 annually.
ESS Inc. (NYSE:GWH) has announced the appointment of Vince Canino as Chief Operating Officer, strengthening its leadership team amid global expansion efforts. Canino brings extensive experience from his previous role as CEO of Smardt Chiller Group, where he oversaw significant growth and product expansion. Concurrently, Chief Accounting Officer Jeff Bodner will resign to pursue other opportunities but will assist with the transition until mid-September. The changes reflect ESS's commitment to enhancing operational performance as it aims to decarbonize the energy system with sustainable storage solutions.
ESS, a leader in long-duration energy storage, has inaugurated a solar and storage microgrid project in West Grove, Pennsylvania, in partnership with TerraSol Energies and Sycamore International. This microgrid integrates a 115 kW solar array with the ESS Energy Warehouse™ to minimize peak electricity demand and ensure operational backup for Sycamore International's recycling facility. The project aims to support decarbonization and enhance energy reliability, aligning with recent energy provisions in the Inflation Reduction Act.
ESS Inc. (NYSE: GWH) has entered a strategic partnership with Energy Storage Industries Asia Pacific to manufacture and distribute iron flow batteries in Australia, New Zealand, and Oceania. ESS will supply 70 Energy Warehouse systems in 2022 and 2023, while ESI will build a local manufacturing facility in Queensland expected to achieve 400 MW annual capacity. This agreement aims to address the increasing demand for long-duration energy storage, supporting the transition to a sustainable energy future.
ESS Tech, Inc. (NYSE:GWH) reported revenue recognition of $686,000 for the second quarter of 2022, marking significant progress in its operations. The company has secured a partnership with Energy Storage Industries Asia Pacific, which has ordered over 70 Energy Warehouses™. Additionally, ESS signed a contract with Tampa Electric Company for an Energy Center™ to support solar projects. Despite operational achievements, supply chain challenges may affect the planned delivery of 40 to 50 Energy Warehouses™ this year. The second manufacturing line is now operational, increasing annual capacity to 500 MWh.
