ESS Tech's $50M Financing Package Approved By Export-Import Bank Of U.S. Board Of Directors Under Make More In America Initiative
Portfolio Pulse from Benzinga Newsdesk
ESS Tech has secured a $50 million financing package from the Export-Import Bank of the United States under the Make More In America initiative. This funding will help ESS expand its manufacturing capabilities, achieve cost efficiencies, and accelerate deployments.
June 27, 2024 | 8:15 pm
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ESS Tech has received a $50 million financing package from the Export-Import Bank of the U.S. This funding will enable the company to expand its manufacturing capabilities, achieve cost efficiencies, and accelerate deployments.
The $50 million financing package will provide ESS Tech with the necessary capital to expand its manufacturing capabilities and achieve cost efficiencies. This is likely to positively impact the company's stock price in the short term as it positions itself for growth and increased deployments.
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