ESS' Iron Flow Batteries Selected By Indian Energy And The California Energy Commission To Demonstrate Utility-Scale Resilient Microgrids; Phase 2 Of Research At The RICU Was Funded By The CEC In May 2024 Through A $4.85M Agreement
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ESS Tech, Inc. (NYSE:GWH) has been selected by Indian Energy and the California Energy Commission to demonstrate utility-scale resilient microgrids using their iron flow batteries. The project, part of the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar, is funded by a $4.85M agreement from the CEC.
June 25, 2024 | 1:02 pm
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ESS Tech, Inc. (NYSE:GWH) has been selected to demonstrate their iron flow batteries in a utility-scale microgrid project funded by a $4.85M agreement from the California Energy Commission.
The selection of ESS Tech for this high-profile project and the significant funding from the CEC are likely to boost investor confidence and potentially increase the stock price in the short term. The partnership with Indian Energy and the Department of Defense further validates the company's technology and market potential.
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