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Sep 30, 2021
ESS Tech Q3 2021 Earnings Report
ESS Tech reported financial results for Q3 2021.
Key Takeaways
ESS Tech announced financial results for the third quarter of 2021, highlighting progress in production, shipments, and operational expansion, including securing additional manufacturing space and a significant increase in company headcount.
ESS finalized business combination with ACON S2 Acquisition Corp. and began trading on the NYSE under the ticker "GWH".
The business combination resulted in $246 million cash received.
Global identified opportunities exceeded $8 billion.
Company headcount increased by more than 30%.
ESS Tech
ESS Tech
Forward Guidance
The company is rapidly expanding capacity to satisfy the accelerating worldwide demand for long-duration energy storage.