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Stock impact report

ESS Inc. Announces First Quarter 2022 Financial Results

ESS Tech, Inc. (GWH) 
Company Research Source: Business Wire
Expanded Company Operations to European Market WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE:GWH), a U.S. manufacturer of long-duration batteries for utility-scale and commercial energy storage applications, today announced financial results for its first quarter of 2022 ended March 31, 2022.“Our team continued to make substantial operational strides in the first quarter. We worked through supply chain challenges and have made significant headway in our efforts to diversify our supplier partnerships and secure component supplies. With this we expect to deliver on our production schedule and remain on track to ship 40 to 50 Energy Warehouses this year. We continue to make progress ramping our manufacturing operations to increase capacity while reducing unit costs. Our second semi-automated line was delivered in the quarter and we continued to execute on our design-for-manufacturability cost reductions. Although unanticipated challenge Show less Read more
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