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ESS Tech, Inc. Announces $15 Million Registered Direct Offering Priced at a Premium to Market
ESS Tech, Inc. (NYSE: GWH) (the “Company”), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $15 million of shares of Common Stock and pre-funded warrants at a price of $1.75 per share of Common Stock, which price is a premium to the closing price on January 28, 2026.
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Major German Coal Miner to Invest $1.6 Billion in Green Energy
Germany’s second-biggest coal miner plans to invest €1.5 billion ($1.6 billion) in renewable energy at one of its lignite operations as the government increases pressure to phase out the dirtiest fossil fuel.
Green Hydrogen Kickstarts “Green Powerhouse” Plan For Eastern Germany
A massive “Green Powerhouse” is taking shape in Eastern Germany, with green hydrogen and flow battery energy storage to gild the wind and solar lilies.
LEAG and ESS to Develop Clean Energy Hub for Germany
Following the execution of definitive agreements and normal financial close, anticipated in Q3 2023, LEAG and ESS plan to build a 50 MW / 500 MWh iron flow battery system at the Boxberg Power Plant site, to be commissioned in 2027.
Energy storage in the electric vehicle & renewables revolution
Alan Greenshields, Director of Europe at ESS Inc, charts the road to net zero, highlighting the crucial role of energy storage in the electric vehicle and renewables revolution
ESS, other energy storage manufacturers announce safety certification for competitive edge
Fire and lithium batteries are not an issue with ESS, which makes iron flow technology for storage applications that require up to 12 hours of energy capacity.
4 alternatives to lithium-ion batteries currently exciting investors
With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage.
Media contact
Phone: 971-270-4179
Email: brad.dore@essinc.com
Download the ESS Company Overview (PDF)
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