ESS Announces Strategic Partnership to Deploy Long Duration Energy Storage in Australia and Supply Planned 12 GWh of Iron Flux Batteries | New

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WILSONVILLE, Oregon–(BUSINESS WIRE)–August 11, 2022–

ESS Inc. (NYSE: GWH) today announced a strategic partnership with Energy Storage Industries Asia Pacific (“ESI”) to distribute and manufacture iron flux batteries using ESS technology in Australia, New Zealand and Oceania to meet the growing demand for long-term energy storage in the region.

Under the terms of the agreement, ESS will initially supply 70 complete 75 kW / 500 kWh Energy Warehouse (EW) systems to ESI in 2022 and 2023. At the same time, ESI will build a manufacturing plant in Queensland, Australia , equipped to carry out the final assembly of ESS systems. from 2024. Systems manufactured at the Queensland facilities will use “core component kits” supplied by ESS, including battery modules, proton pumps and other unique components. Core component kits will continue to be manufactured in Wilsonville, Oregon. ESI’s manufacturing plant is designed to achieve a production capacity of up to 400 MW of energy storage per year.

“We look forward to deploying ESS technology in Australia and the region to meet the needs of energy customers and build a sustainable and resilient energy future,” said Eric Dresselhuys, CEO of ESS. “ESI brings extensive experience and expertise in clean energy and energy storage, as well as an in-depth understanding of the Australian energy market. We look forward to working with them to advance our shared mission to accelerate the transition to clean energy by deploying long-lasting energy storage solutions in the region.

“ESS is an ideal technology partner to meet the extraordinary demand for long-duration energy storage in Australia and the region,” said Stuart Parry, Managing Director of ESI. “Safe and non-toxic ESS iron flow batteries are perfect in Australia’s harsh environment and the ability to source the electrolyte locally provides insurance against supply chain risks and escalating price. The transition to clean energy requires new long-term storage solutions and we look forward to working with ESS to meet the needs of an increasingly renewable energy grid.

ESS iron flux technology provides economical, long-lasting energy storage and is ideal for applications that require 4-12 hours of flexible energy capacity. ESS systems provide resilient and sustainable energy storage well suited for multiple use cases including utility scale renewable energy installations, solar + remote storage microgrids, load transfer from network and peak shaving, and other ancillary network services. ESS technology is safe, non-toxic and has a lifespan of 25 years without loss of capacity. Demand for long-term energy storage systems is expected to grow rapidly in Australia; New South Wales announced the purchase of 2 GW of LDES in its recent electricity infrastructure roadmap.

ESS expects Energy Warehouse deliveries to ESI to begin in 2022.

About ESS Inc.

At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable and long-lasting energy storage that powers people, communities and businesses with clean, renewable energy at all times. and wherever needed. As more and more renewables are added to the grid, long-lasting energy storage is essential to provide the reliability and resilience we need when the sun isn’t shining and the wind isn’t blowing. .

Our technology uses the earth’s abundant iron, salt and water to provide environmentally friendly solutions capable of providing up to 12 hours of flexible energy capacity for commercial and large-scale energy storage applications. ladder. Founded in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy long-lasting, reliable and sustainable energy storage solutions. For more information, visit www.essinc.com.

About Energy Storage Industries Asia Pacific

Energy Storage Industries Asia Pacific (ESI) is an Australian company based in Queensland that provides reliable and environmentally friendly renewable energy storage solutions that are essential for Australia’s transition to a renewable energy future.

We are investing up to $70 million in Maryborough to manufacture and distribute low-cost, long-life iron-flow batteries that enable large-scale energy storage for bulk power generators, energy retailers and commercial and industrial (C&I) customers. For more information, visit https://esiap.com.au.

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CONTACT: Investors: Erik Bylin

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KEYWORD: OREGON AUSTRALIA/OCEANIA AUSTRALIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ALTERNATIVE ENERGY MANUFACTURING OTHER ENERGY MANUFACTURING OTHER ENERGY

SOURCE: ESS, Inc.

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PUBLISHED: 08/11/2022 16:06 / DISK: 08/11/2022 16:07

http://www.businesswire.com/news/home/20220811005620/en

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