ESS Tech Reports Q4 and FY2025 Financial Results, Eyes Strong Commercial Momentum Ahead

ESS Tech reported Q4 and FY25 financial results, highlighting progress in advancing its proprietary LDES and strengthening the company for long-term value creation. The company made a leadership and organizational reset, acquired VoltStorage GmbH's intellectual property and assets, and expanded its commercial capabilities. ESS also received a $9.9 million award for up to 27 MWh of LDES at U.S. military installations and partnered with Google for Project New Horizon. The company expects an increasing pace of commercial activity over the next several years, driven by an active pipeline across targeted end markets.