ESS
Company

Last deal

$50M

Amount

Post-IPO Debt

Stage

27.06.2024

Date

13

all rounds

$374.5M

Total amount

General

About Company
ESS provides long-duration energy storage solutions for various applications.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Energy Storage Systems

founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

ESS Tech Inc manufactures Energy Warehouse, an iron flow battery that delivers up to 8 hours of energy with a 20+ year operating life and the lowest levelized cost of storage per kWh. The battery is composed of earth-abundant iron, salt, and water for its electrolyte, making it a safe and long-lasting solution. ESS was founded in 2011 by a team with deep experience in renewable energy and began shipping turn-key battery solutions in 2016. BASF, the world's leading chemical company, became a significant investor in ESS in 2017.
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