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Stock impact report

ESS’ Australian Partner Raises AU$65M in Public and Private Funds to Accelerate Iron Flow Deployments

ESS Tech, Inc. (GWH) 
Company Research Source: Business Wire
Investment will support achievement of Energy Storage Industries – Asia Pacific’s 400MW annual iron flow battery production target using ESS technology WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that its Australian partner, Energy Storage Industries – Asia Pacific (ESI), has received an investment of AU$25 million (~US$17 million) from the Queensland Government and raised a further AU$40 million (~US$23 million) in private capital to accelerate the clean energy transition in Australia and Oceania.With the new investment, ESI will continue construction on a manufacturing facility in Maryborough, Queensland, Australia at which it will assemble long-duration iron flow battery systems. Core components for these systems will be manufactured by ESS in the United States and shipped to ESI for system assembly. The finished systems a Show less Read more
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