ESS' Iron Flow Batteries Selected By Indian Energy And The California Energy Commission To Demonstrate Utility-Scale Resilient Microgrids; Phase 2 Of Research At The RICU Was Funded By The CEC In May 2024 Through A $4.85M Agreement

6/25/24 9:02:43 AM ET

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ESS' non-lithium, long-duration energy storage technologies will enable energy resiliency and affordability for Native American Tribes and the Department of Defense

ESS Tech, Inc., (ESS) (NYSE:GWH), a leading manufacturer of long-duration energy storage (LDES) systems for commercial and utility-scale energy storage applications, today announced that it will participate in the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar. The RICU is a living laboratory for testing how leading LDES technologies can be integrated into utility-scale microgrid applications. The RICU is a venture between Indian Energy, the California Energy Commission (CEC), and the Department of Defense (DOD) to validate LDES technologies. Phase 2 of research at the RICU was funded by the CEC in May 2024 through a $4.85M agreement between the CEC and Indian Energy to demonstrate the diverse capabilities of LDES technologies. The partnership with Indian Energy lays the foundation for deployment on CEC grants and DOD installations.

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Date	Price Target	Rating	Analyst
11/14/2024	$14.00 → $9.00	Neutral → Underperform	Robert W. Baird
11/14/2024		Outperform → Perform	Oppenheimer
7/12/2024	$1.50	Buy	ROTH MKM
7/13/2022	$3.75	Hold	Canaccord Genuity
6/29/2022	$3.50	Neutral	Chardan Capital Markets
3/31/2022	$7.00	Hold	Deutsche Bank
3/22/2022	$10.00	Buy	Guggenheim
12/22/2021	$15.00	Outperform	Robert W. Baird

ESS' Iron Flow Batteries Selected By Indian Energy And The California Energy Commission To Demonstrate Utility-Scale Resilient Microgrids; Phase 2 Of Research At The RICU Was Funded By The CEC In May 2024 Through A $4.85M Agreement

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ESS Inc. downgraded by Robert W. Baird with a new price target

ESS Inc. downgraded by Oppenheimer

ROTH MKM initiated coverage on ESS Inc. with a new price target

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Chief Executive Officer Dresselhuys Eric P. bought $5,227 worth of shares (1,000 units at $5.23), increasing direct ownership by 0.56% to 180,580 units (SEC Form 4)

Director Teamey Kyle bought $956 worth of shares (142 units at $6.73), increasing direct ownership by 0.57% to 25,227 units (SEC Form 4)

Teamey Kyle bought $987 worth of shares (1,250 units at $0.79), increasing direct ownership by 0.73% to 173,609 units (SEC Form 4)

$GWH Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by ESS Tech Inc.

SEC Form SC 13G/A filed by ESS Tech Inc. (Amendment)

SEC Form SC 13G/A filed by ESS Tech Inc. (Amendment)

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ESS Tech, Inc. Announces Third Quarter 2024 Financial Results

ESS Inc. Schedules Third Quarter 2024 Financial Results Conference Call

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

Chief Executive Officer Dresselhuys Eric P. bought $5,227 worth of shares (1,000 units at $5.23), increasing direct ownership by 0.56% to 180,580 units (SEC Form 4)

Director Nijhawan Sandeep sold $40,040 worth of shares (7,000 units at $5.72), decreasing direct ownership by 31% to 15,537 units (SEC Form 4)

Director Niggli Michael R exercised 11,852 shares at a strike of $6.88, increasing direct ownership by 18% to 77,312 units (SEC Form 4)

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EverCommerce Announces Changes to Its Board Of Directors

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ESS Inc. Appoints Claudia Gast to its Board of Directors

$GWH SEC Filings

ESS Tech Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

ESS Tech Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

Amendment: ESS Tech Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

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Roth MKM Initiates Coverage On ESS Tech with Buy Rating, Announces Price Target of $1.5

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