GWH News & Events

ESS Tech announced strong early customer engagement for its planned U.S.-made sodium-ion battery energy storage system, BESS, offering, focused on short- and medium-duration applications that have historically been served by lithium-ion systems. Since announcing its letter of intent with Alsym Energy seven weeks ago, ESS has generated significant customer interest for sodium-ion solutions across data centers, critical infrastructure, and utility markets, exceeding demand expectations with limited outbound marketing. The company has now developed early-stage opportunities approaching $1B for its sodium-ion solutions and is accelerating development of its sodium-ion BESS platform to meet growing near-term demand for safer, domestically sourced energy storage solutions.

Reports Q1 revenue $128,000 vs $600,000 last year. "The first quarter and second quarter to date reflect continued initiatives to reset ESS around execution, capital discipline, and scalable commercial opportunities," said Drew Buckley, Chief Executive Officer of ESS. "We continued to strengthen our leadership team, improve our financial position, and sharpen our operating focus as we advance into the Company's next phase. We advanced Project New Horizon with Salt River Project and Google, were awarded a $9.9 million contract with Concurrent Technologies Corporation ("CTC") and the United States Air Force Research Laboratory ("AFRL") for a large capacity energy storage system, recently announced our partnership with Alsym Energy, and added commercial leadership with the appointment of Randy Selesky as Chief Commercial Officer."