Ess announces $31m insider-led funding package to continue execution of strategic shift and secures first energy base order

Wilsonville, ore.--(business wire)--ess tech, inc. (“ess” or the “company”) (nyse:gwh), a leading manufacturer of iron flow long-duration energy storage (ldes) systems for commercial- and utility-scale applications, today announced $31 million in insider-led funding measures. the package includes approximately $0.9 million in short-term loans from and warrants issued to a syndicated group led by members of ess' board of directors and the management team alongside participation from an investmen.
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