ESS Acquires VoltStorage GmbH to Enhance Long-Duration Energy Storage Solutions
ESS Tech, Inc. has acquired the intellectual property and assets of VoltStorage GmbH, focusing on iron-salt battery technology. This acquisition aims to deliver a cost-effective and flexible long-duration energy storage solution, enhancing ESS's technology portfolio and market reach. Skilled personnel from VoltStorage will join ESS, contributing to the company's growth in the energy storage sector.
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ESS Tech, Inc. has acquired the intellectual property and assets of VoltStorage GmbH, an innovator in iron-salt battery technology. This acquisition integrates VoltStorage's patents and technical expertise into ESS's existing portfolio, enhancing capabilities in long-duration energy storage.
The new platform aims to set industry standards for performance and affordability, enabling utilities and industrial customers to manage energy over extended durations, thus improving grid reliability and the value of renewable generation. ESS anticipates this strategic move will bolster growth and market presence in energy storage solutions.
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