ESS Tech

Founded in 2011 by Craig E. Evans, Dr. Julia Song, chaired by Mr. Eric Dresselhuys as CEO, and based in Oregon, US, ESS Tech Inc. also known as Energy Storage System Inc (ESS) is a provider of energy storage systems. From 2015, the company began shipping turnkey energy storage solutions that enabled companies and municipalities to control their energy future. The company manufactures low-cost and long-duration iron flow batteries for commercial and utility-scale energy storage applications requiring over 4 hours of flexible energy capacity. The company’s solutions are applicable for utility-scale, commercial, and industrial purposes, and microgrids, DERMS (distributed energy management systems), and VPPs (virtual power plants). acquired ESS, Inc resulting in a merger between the SPAC and ESS, Inc.07 billion while the deal will provide around US$465 million in net proceeds.1 billion. The company’s technology involves iron flow chemistry and provides mature iron flow battery solutions for commercial and industrial customers, utilities, and the grid. ESS Tech’s solutions include Energy Center™ and Energy Warehouse™. The ESS Energy Center™ is a battery-in-a-building platform that uses our second-generation power module to deliver capacities starting at 3 MW and storage durations ranging up to 12 hours while the ESS Energy Warehouse is a turn-key shipping-container-sized unit with a storage capacity of 400 kWh and storage durations of up to 12 hours, enabling microgrid operators to leverage renewable investments and shore up reliability. The company’s solutions are suited for utilities such as Shift PV and wind power, smooth renewable intermittency, augment or replace polluting peakers, ancillary services, and stabilizing microgrids and support virtual power plants; as well as for commercial and industrial applications to manage demand charges, leverage time-of-use rates, maximize solar investments, and enhance energy security. Post the merger, ESS, Inc. will become a publicly listed company to be listed on the New York Stock Exchange under the ticker symbol, GWH. ESS, Inc.

1. Series C

   Oct 28, 2019

   Amount

   $30M

   Investors

   Locked

2. Series B

   Dec 12, 2017

   Amount

   $13M

   Investors

   Locked

3. Series A

   Oct 7, 2015

   Amount

   $3.2M

   Investors

   Locked