ESS Tech, Inc. $(GWH)$, a manufacturer of long-duration energy storage systems, announced its financial results for the third quarter ended September 30, 2025. During the quarter, the company advanced key customer programs and strengthened its capital position. ESS announced a 50 MWh Energy Base pilot project with Salt River Project, representing the first large-scale deployment of its next-generation platform. The company also completed a $40 million financing with YA II PN, Ltd., managed by Yorkville Advisors Global, L.P., to support manufacturing readiness and upcoming projects. ESS plans to launch a $75 million at-the-market (ATM) program with a syndicate including Yorkville, BMO, Canaccord, Needham, and Stifel, aiming to provide flexible access to capital. Looking ahead, ESS will focus on executing the SRP pilot program, scaling manufacturing, and validating the performance of its Energy Base platform as it prepares for broader commercialization in 2026. The company will host an Investor Day in January 2026 to outline progress and its roadmap for the coming years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESS Tech Inc published the original content used to generate this news brief via Business Wire (Ref. ID: 20251112153580) on November 13, 2025, and is solely responsible for the information contained therein.
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