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ESS to treble production of long-duration energy storage manufacturing capacity
- 4 months ago (2024-07-03)
- David Flin
Energy storage company ESS , based in Oregon, USA, has announced that it will treble production following receipt of a $50 million investment from the Export-Import Bank of the United States (EXIM) under the Make More in America initiative.
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As part of the agreement, the financing will support the trebling of annual production capacity at ESS’ production facility in Oregon to meet the rapidly increasing demand for long-duration energy storage systems (LDES). New manufacturing capacity funded by this initiative will be based upon the proven battery module production processes developed and refined by ESS, to meet customer demand in Europe, the USA, Australia and Africa.
Eric Dresselhuys, CEO of ESS, said: “Our partnership with EXIM underscores the critical role that American-made clean energy technology will play in the global clean energy transition. ESS’s iron flow technology is already deployed in Australia and Europe and with this agreement, we are well positioned to meet the growing needs of our current and future global customers.”