ESS Tech Awarded $9.9 Million Contract from Concurrent Technologies Corporation and U.S. Air Force Research Laboratory
Project to Deploy up to 27 MWh American-Made Large Capacity Energy Storage (LCES) System at
Under the contract, ESS will deploy up to 27 MWh of its American-made iron flow battery (IFB) systems to support operations at
“This project is a significant validation of ESS battery technology and its ability to provide reliable energy every day and support grid resiliency when it matters most,” said
“The Department of Defense is actively seeking long duration resilient microgrids to improve readiness, with a keen interest in ‘Made in USA’ software and systems to reduce risk of foreign cyber security vulnerabilities. We believe this award will further unlock long duration storage opportunities with the
About
ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.
Forward-Looking Statements
This communication contains certain forward-looking statements, including statements regarding ESS and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements include, among others, statements regarding the Company’s productization and manufacturing plans, the timing of delivery and commercialization of the Company’s Energy Base projects, the ability of the Company to scale, grow, strengthen partnerships and provide long-term value, the status of customer projects and contracts, and statements by the Company’s Chief Executive Officer. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, delays, disruptions, or quality control problems in the Company’s manufacturing operations; issues related to the development and launch of the Energy Base product; failure to successfully bid on projects and acquire customers; issues related to the Company’s partnerships with third parties; risk of loss of government funding for customer projects; failure to raise additional capital, on acceptable terms or at all; and other risks and uncertainties described more fully in the section titled “Risk Factors” in the Company’s Quarterly Report on Form 10-Q filed on
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Company
investors@essinc.com
Investor Relations
Executive Vice President
Phone: (949) 491-8235
GWH@mzgroup.us
www.mzgroup.us
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