ESS Tech Inc Publishes Investor Presentation on Long-Duration Iron Flow Energy Storage and Commercial Pipeline

Reuters05:44

ESS Tech Inc. released an investor presentation outlining updates on its long-duration iron flow energy storage business, including commercial activity and recent financing actions. The company highlighted a $9.9 million contract with Concurrent Technologies Corporation and the U.S. Air Force Research Laboratory for a deployment at a U.S. military installation in Alaska, and noted Project New Horizon with Salt River Project, with Google confirmed as the offtaker. The presentation also summarized FY2025 financial metrics, including revenue of $1.6 million, net loss of $63.4 million, and adjusted EBITDA of negative $44.3 million. ESS reported year-end cash and investments of $22.0 million and described recent capital-raising and financing transactions, including a $40 million Yorkville financing, an at-the-market equity program that raised about $8.6 million in gross proceeds, and a $15 million registered direct offering. The company also reported acquiring intellectual property and assets of VoltStorage GmbH and appointing Randall Selesky as Chief Commercial Officer. You can access the full presentation through the link below.

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 on March 05, 2026, and is solely responsible for the information contained therein.

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The company highlighted a $9.9 million contract with Concurrent Technologies Corporation and the U.S. Air Force Research Laboratory for a deployment at a U.S. military installation in Alaska, and noted Project New Horizon with Salt River Project, with Google confirmed as the offtaker. The presentation also summarized FY2025 financial metrics, including revenue of $1.6 million, net loss of $63.4 million, and adjusted EBITDA of negative $44.3 million. ESS reported year-end cash and investments of $22.0 million and described recent capital-raising and financing transactions, including a $40 million Yorkville financing, an at-the-market equity program that raised about $8.6 million in gross proceeds, and a $15 million registered direct offering. The company also reported acquiring intellectual property and assets of VoltStorage GmbH and appointing Randall Selesky as Chief Commercial Officer. 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The company highlighted a $9.9 million contract with Concurrent Technologies Corporation and the U.S. Air Force Research Laboratory for a deployment at a U.S. military installation in Alaska, and noted Project New Horizon with Salt River Project, with Google confirmed as the offtaker. The presentation also summarized FY2025 financial metrics, including revenue of $1.6 million, net loss of $63.4 million, and adjusted EBITDA of negative $44.3 million. ESS reported year-end cash and investments of $22.0 million and described recent capital-raising and financing transactions, including a $40 million Yorkville financing, an at-the-market equity program that raised about $8.6 million in gross proceeds, and a $15 million registered direct offering. The company also reported acquiring intellectual property and assets of VoltStorage GmbH and appointing Randall Selesky as Chief Commercial Officer. You can access the full presentation through the link below.\n      \n\n\nDisclaimer: 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 on March 05, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2617579716","isCrawlerRequest":true}