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Stock impact report

ESS Tech outlines 10-hour Energy Base focus and $75M ATM program as capital strategy advances [Seeking Alpha]

ESS Tech, Inc. (GWH) 
Company Research Source: Seeking Alpha
Interim CEO Kelly Goodman reaffirmed ESS Tech's positioning as a technology leader in long-duration energy storage, emphasizing the company's iron flow battery platform and a strategy focused on providing safe, sustainable, and Quick Insights ESS Tech's strategic pivot to the Energy Base platform positions the company to deliver safer, sustainable, long-duration (10+ hour) storage solutions at a larger scale, validated by new commercial deployments and 100% of current opportunities now centered on this platform. ESS ended Q3 with $3.5 million in liquid assets (excluding a $30 million financing that closed after the quarter), has flexibility with an additional $10 million credit available, and intends to use a $75 million ATM program for further capital as needed, reflecting improved but cautious liquidity management. Management cited uncertainties in business predictability, capital raising challenges, partnership issues, market and economic risks, execution risks with the En Show less Read more
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