ESS Tech Inc, a prominent manufacturer of long-duration energy storage systems, announced a significant new contract for a 50 MWh energy storage project with a utility based in Arizona. This development follows the recent launch of their Energy Base product, which has spurred substantial commercial activity. The company has reported proposal engagements amounting to approximately 1.2 GWh, valued at around $400 million, over the past two quarters. ESS Tech continues to adapt its strategies to manage liquidity and support capital-raising measures in a challenging market environment.
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