UPDATE – ESS Inc. contracts with Enel Green Power España to supply 17 Energy Warehouse ™ Long Life Iron Flux Battery Systems
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WILSONVILLE, Ore., September 23, 2021 (GLOBE NEWSWIRE) – ESS Tech, Inc. (“ESS Inc.”, “ESS” or the “Company”), a manufacturer of long-life iron flux batteries for storage applications. large-scale energy, announced that it has entered into an order with Enel Green Power España for the delivery of 17 ESS Energy Warehouse ™ iron-flow battery systems.
The long-lasting batteries will be used to support a solar farm in Spain as part of a larger EU-wide engagement, providing resilience to the local electricity grid. With a combined capacity of 8.5 MWh, ESS systems will be among the largest battery storage resources in Spain.
“We are 100% committed to energy storage as an essential addition to our expanding portfolio of renewable energy projects,” said Pasquale Salza, responsible for long-term storage and hybrid systems for Enel Green Energy. “With this project, we will evaluate and validate the ESS Flow batteries, which we have selected for their good combination of long-lasting capacity, long-lasting performance, environmental sustainability and safe operation.”
“Our systems have successfully passed a 6-month Technology Readiness and Business Readiness Assessment – meeting the stringent performance, durability and cost requirements of Enel Green Power Spain to become an officially qualified global supplier. Another key factor in their decision is that our batteries are covered by a comprehensive insurance plan underwritten by Munich Re, the world’s largest reinsurance company, ”said Eric Dresselhuys, CEO of ESS Inc.
ESS is collaborating with several key partners on this project, including Loccioni, a global systems integrator with projects in more than 45 countries. The Company also works with Enertis, a global consulting and engineering company based in Spain.
About Enel Green PowerEnel Green Power®, within the Enel Group, develops and operates renewable energy plants around the world and is present in Europe, the Americas, Asia, Africa and Oceania. World leader in clean energies, with a total installed capacity of around 49 GW and a production mix including wind, solar, geothermal and hydroelectricity, Enel Green Power® is at the forefront of technology integration innovations in renewable energy plants.
About ESS inc.ESS Inc. designs, manufactures and deploys environmentally sustainable and low cost iron flux batteries for long life commercial and utility energy storage applications requiring 4 to 12 hours of flexible energy capacity. The Energy Warehouse ™ and Energy Center ™ use the abundant iron, salt and water on earth for electrolyte, making it a sustainable and environmentally safe energy storage solution for global renewable energy infrastructure. Founded in 2011, ESS Inc. enables project developers, utilities, and commercial and industrial facility owners to transition to more flexible lithium-ion-free storage that is better suited to the grid and the environment. For more information visit www.essinc.com.
ESS recently announced that it will become a public company through a merger with a specialist acquisition company, ACON S2 Acquisition Corp. (NASDAQ: OF THEM). Closing of the merger is subject to the approval of the shareholders of ESS and ACON S2 Acquisition Corp. and the satisfaction or waiver of certain other conditions.
Additional information and where to find itThis communication is made with respect to the proposed transaction involving ESS and ACON S2 Acquisition Corp. (“ACON S2”). A full description of the terms of the transaction is provided in the registration statement on Form S-4 (File No. 333-257232) filed with the SEC by ACON S2 which includes a prospectus relating to the securities of the company combined with issue in connection with the business combination and a proxy statement regarding the shareholders’ meeting of ACON S2 to vote on the business combination. The registration statement on Form S-4 was declared effective on September 14, 2021. ACON S2 urges its investors, shareholders and other interested persons to read the entire registration statement and proxy / prospectus as well as other documents filed with the SEC as these documents will contain important information about ACON S2, ESS and the transaction. The proxy circular / final prospectus is being mailed to shareholders of ACON S2 to obtain shareholder approval of the proposed business combination. A copy of the S-4, including the proxy statement / prospectus, and other documents filed with the SEC can be obtained free of charge, by directing a request to: ACON S2, 1133 Connecticut Avenue NW Suite 700, Washington , DC 20036. The Proxy Circular / Final Prospectus included in the Registration Statement can also be obtained, free of charge, from the SEC website (www.sec.gov).
Participants in the call for tendersACON S2 and ESS and their respective directors and officers may be considered participants in the proxy solicitation of ACON S2 shareholders in connection with the proposed transaction. Information about the directors and officers of ACON S2 and their ownership of the securities of ACON S2 is set out in the documents filed by ACON S2 with the SEC. To the extent that ACON S2’s holdings of securities have changed from the amounts printed in the registration statement on Form S-4 relating to the proposed transaction, these changes have been or will be reflected on the change of ownership statements on Form 4 filed with the SECOND. Additional information regarding the interests of such persons and other persons who may be considered to be participants in the proposed transaction may be obtained by reading the management proxy circular / prospectus relating to the proposed transaction and other relevant documents filed with of the SEC. You can obtain free copies of these documents as described in the previous paragraph.
No offer or solicitationThis communication is not a statement of proxy or a solicitation of proxy, consent or authorization with respect to any security or with respect to the potential transaction and does not constitute an offer to sell or a solicitation of ” an offer to buy the securities of ACON S2, ESS or the amalgamated company, nor will there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction. No offer of securities will be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Forward-looking statementsThis communication contains certain forward-looking statements, including statements regarding the expectations, hopes, beliefs, intentions or strategies of ACON S2, ESS or their management teams regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “foresee”, “intends”, “may”, “plan” “could”, “possible”, “potential” “,” Anticipate “,” plan “,” should “,” would “and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on the current expectations and beliefs of ACON S2 and ESS regarding future developments and their potential effects on ACON S2, ESS or any successor entity of the proposed transactions. There are many factors that could cause actual future events to differ materially from the forward-looking statements contained in this presentation, including, but not limited to: (i) the risk that the proposed transactions will not be completed in a timely manner or not at all, which could adversely affect the price of ACON S2 securities, (ii) non-compliance with the conditions for carrying out the envisaged transactions, (iii) the occurrence of any event, change or other circumstance that could result in the termination of the business combination, (iv) the effect of the announcement or expectation of the proposed transactions on the business relationships, results of operations and the activities of ESS in general, (v) the risks that the transactions proposed disrupt current ESS plans and operations, (vi) changes in competition and highly regulated industries in which ESS plans to operate, variations in performance xexploitation between competitors, changes in laws and regulations affecting SSE’s business and changes in combined capital structure and (vii) the ability to implement business plans, forecasts and other expectations after the completion of the proposed transactions, and to identify and realize additional opportunities. There can be no assurance that future developments affecting ACON S2, ESS or any successor entity of the proposed transactions will be as we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of ACON S2 or ESS) or other assumptions which may cause actual results or performance to differ materially from those expressed or underperformed. understood by these forward-looking statements. . You should carefully consider the foregoing factors and other risks and uncertainties described in the “Risk Factors” section of the ACON S2 registration statement on Form S-1 (File No. 333-248515), the statement registration on Form S-4 (File No. 333-257232) filed in connection with the business combination, and other documents filed by ACON S2 from time to time with the SEC. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Except as required by law, ACON S2 and ESS assume no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Neither ACON S2 nor ESS gives assurance that ACON S2 or ESS, or the combined company, will meet its expectations.
ContactsInvestors: Erik Bylin[email protected]
Media: Gene HuntTrevi Communications, Inc. 978.750.0333 x.101[email protected]
Source: ESS, Inc.