ESS Tech Signs Securities Purchase Agreement with Institutional Investors

ESS Tech, a long-duration energy storage company, has signed a securities purchase agreement with institutional investors. The company specializes in iron flow battery technology, which provides flexibility to grid operators and energy assurance for commercial and industrial customers. ESS Tech is developing two products, Energy Warehouse and Energy Center, which offer energy storage solutions with six to twelve-hour duration. The batteries are non-flammable and non-toxic.