ESS Tech Inc.

Company Overview

ESS Tech Inc. is engaged in the business of providing long-duration energy storage (LDES) solutions using iron flow technology. The company uses iron, salt, and water, providing energy security, reliability, and resilience to its battery technology. It builds flexible storage solutions that allow customers to meet their increasing energy demand without power disruptions and maximize the value potential of excess renewable energy. ESS Tech Inc. provides its product offerings to various end-use industries, such as utilities and commercial & industrial users, to enable reliable and resilient energy and maximize value using long-duration energy storage batteries. It has successfully deployed advanced LDES technology to various global utilities such as Sacramento Municipal Utility District and Burbank Water & Power in California, Stanwell Corporation in Australia, CMS Energy in Michigan, and LEAG in Germany.

ESS Tech Inc. is among the first manufacturers to commercialize LDES technology in the U.S., focusing strongly on research and development capabilities. The iron flow battery technology has hundreds of patents pending and has been validated by third parties, including the U.S. Department of Energy and global insurance leader Munich Re.

Financial Highlights (FY 2024)

Company's Business Segments

• Energy Storage : The company provides energy storage solutions using iron flow technology that allow its customers to meet rising energy demand without power disruptions and maximize the value potential of excess renewable energy.