As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining, and the wind is not blowing. Interested parties may listen to the prepared remarks via telephone by calling (855) 859-2056 in the U.S., or for international callers, by calling (404) 537-3406 and entering conference ID 2588795. Get short term trading ideas from the MarketBeat Idea Engine. Our daily ratings and market update email newsletter. Partners & Investors - 24M . Public Warrants are exercisable for one share of Common Stock at a price of $11.50 per share, subject to adjustments (the Exercise Price). Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Finally, its plug-and-play, with a 25-year operating life. Panasonic Group Operating Companies: Strategy Briefing 2023 (June1-2, 2023) - Presentation - Investor Relations - Panasonic Holdings Panasonic Holdings Corporation Name. 13%. PDF Investor Presentation - H1-FY20 7 November 2019 The batterys materials are non-flammable, non-toxic and present no explosion risk. International stock quotes are delayed as per exchange requirements. It's an opportunity to show how you came up with that idea and why you're so passionate about it. Rafael Tejada. 657-254-5417 Computershare Inc., PO BOX 505000, Louisville, KY, 40233-5000, (800) 736-3001. ESS Tech Stock Forecast, Price & News (NYSE:GWH) - MarketBeat 2% PHEV + BEV Penetration 90M+ vehicles produced annually represents in excess of $450B of potential battery sales annually Energy / Capacity > 300 mile range Cost < $30K, 300 mile EVs Safety Solid, non-oxidizable separator Battery Lifetime > 12 years, > 150,000 miles Fast Charging Charge in < 15 minutes Massive Untapped Demand If Batteries Meet Mass Market Requirements Customer Requirements For Mass Market Adoption, Source: Placke et al. 26440 SW Parkway Ave., Bldg. Southern Company - Fixed Income Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. ESS energy storage systems provide an optimal solution for utilities, independent power producers and microgrids seeking a reliable, safe and durable solution for four- to twelve-hour power storage that doesnt degrade over time. Phone: (855) 423-9920. Cookies are used to offer you a better browsing experience and to analyze our traffic. I Copyright Established in 2011, ESS Inc. enables project developers, utilities, and commercial and industrial facility owners to make the transition to more flexible non-lithium-ion storage that is better suited for the grid and the environment. Archived Presentations. At ESS Tech, Inc., we promise to treat your data with respect and will not share your information with any third party. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. GLOBAL X MANAGEMENT (AUS) LTD. Bought 1.3 Million shares of Ess Tech Inc. JPMORGAN SECURITIES LLC (INVESTM. ESS Techs battery is certainly different, but is it superior to other clean-energy batteries available today? Louis Navellier and the InvestorPlace Research Staff, Dear SOFI Stock Fans, Mark Your Calendars for June 14, 7 Long-Term Stocks to Buy and Hold Until 2033, Warning! Vanderbilt Post-doctoral Associate, Stanford PhD, Mechanical Engineering, Stanford; BS, Physics, Stanford, Jrgen Leohold Kensington Capital Acquisition Corp Management and board with extensive public company experience and operating capabilities in the automotive and automotive-related sector Relevant automotive experience to optimize program launches and capital deployment while facilitating commercial relationships Track record of creating significant shareholder value in automotive businesses Current Board Members Backed by Leading Investors Select Board Members and Investors Vinod Khosla John Doerr Dipender Saluja JB Straubel Frank Blome (1) Pro forma for $388mm Series F financing; $188mm anticipated to fund concurrent with PIPE; $100mm of Volkswagen's investment anticipated to fund on December 1, 2020 and $100mm is subject to technical milestones. Executive Vice President & CFO. QuantumScape is not under any obligation, and expressly disclaims any duty, to update any statement made in this presentation, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law. 2016. ESS Tech is a portfolio company of Pangaea Ventures. Par value of $0.0001 per Share; 49,073,189 and 49,073,189 shares authorized as of 31-Dec-2019 and 2018, respectively, 48,390,851 and 48,390,851 shares issued and outstanding with aggregate liquidation preference of $414,335 and $414,335 as of 31-Dec-2019 and 2018, respectively. As a result of its reverse SPAC merger with. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. If you are holding the warrants directly on the register, rather than with a broker, please send a completed and signed notice of exercise to the address below, enclosing a check for the Exercise Price. Flip the Switch on Your Speculative SPAC Holdings with GWH Stock Source: Kantar Media. Adjusted EBITDA is defined as earnings before interest expense, interest income and other income, taxes, depreciation, amortization, and stock-based compensation. 5 Artificial Intelligence Stocks to Buy Before They Skyrocket, Buy Smart to Win Big in The Great EV Consolidation. investors@guardanthealth.com. Waltham, MA USA 02451. The Energy Warehouse and Energy Center use earth-abundant iron, salt, and water for the electrolyte, resulting in an environmentally benign, long-life energy storage solution for the worlds renewable energy infrastructure. ESS Techs battery is environmentally sustainable and can accelerate the clean-energy transition. The company was founded in 2011 and is . clientservices@guardanthealth.com, Media inquiries: The shared goal of the companies is large-scale production - Oliver Blume, Porsche CEO Source: Volkswagen AG Half-Yearly Financial Report published July-2020, 2019 Annual Report published Mar-2020, press releases published Mar-2019, Nov-2019 and Jun-2020, Half-year press conference published Aug-2018; Porsche Annual Press Conference published Mar-2019). That remains to be seen. ESS Inc.s independent auditor is Ernst & Young LLP. Unlocking Potential: Comparing IRA vs. CD vs. Money Market Accounts, 20 Best Healthcare Dividend Stocks to Invest in, Skip Chart & View Institutional Buying and Selling Data. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to shareholders of ACON S2 as of a record date to be established for voting on the proposed business combination. Please log in to your account or sign up in order to add this asset to your watchlist. Of the 16 institutional investors that sold ESS Tech stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: FMR LLC ($7.06M), Bank of America Corp DE ($0.37M), Squarepoint Ops LLC ($0.26M), Raymond James Financial Services Advisors Inc. ($88.94K), First Trust Advisors LP ($69.25K), BlackRock Inc. ($67.92K), and Goldman Sachs Group Inc. ($61.25K). ESS Tech (GWH) Stock Investors Activity & Sentiment - TipRanks To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. . If you experience any issues with this process, please contact us for further assistance. However, within a couple of days, it retraced back to $16 and change. You must click the activation link in order to complete your subscription. The table shows changes in GWH in the past 3 months by investors with public portfolios. Rev. $802mm of Committed Capital Over $300mm spent on development to date 10 Years of R&D Investment Founded in 2010 200+ Employees World Class Next-gen Battery Development Team 200+ Patents Materials, Use and Process Extensive Trade Secrets Processes and Intellectual Property Pro forma for $388mm Series F financing; $188mm anticipated to fund concurrent with PIPE; $100mm of Volkswagen's investment anticipated to fund on December 1, 2020 and $100mm is subject to technical milestones. To purchase common stock in ESS Inc. please contact your brokerage firm. Should the Company elect to redeem the Public Warrants, you may (i) exercise your Public Warrants in cash in accordance with Section 2 of this FAQ, or, (ii) exercise your Public Warrants on a cashless basis, rather than paying the Company the Exercise Price in cash. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Events & Presentations. Established in 2011, ESS Tech, Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. https://www-us.computershare.com/Investor/#Contact, https://www.sec.gov/edgar/searchedgar/companysearch.html. By providing your email address below, you are providing consent to ESS Tech, Inc. to send you the requested Investor Email Alert updates. Did you follow all of that? These batteries store power for between four and 12 hours. FY-21 H1 Snapshot. The Boards of Directors of ESS and ACON S2 have unanimously approved the transaction. ACON S2s sponsor is an affiliate of ACON Investments, L.L.C. With these organizations, 24M collaborates on product specifications, plant design and production scale up. NVIDIA Corporation - NVIDIA Grace Hopper Superchips Designed for The most heavily invested institutionals were Softbank Group Corp ($411.31M), Invesco Ltd. ($17.86M), Vanguard Group Inc. ($13.46M), Marshall Wace LLP ($8.78M), Legal & General Group Plc ($7.74M), State Street Corp ($7.14M), and BlackRock Inc. ($6.60M).Learn more on GWH's institutional investors. 2023-05-15 | NYSE:GWH | Press Release | ESS Tech Inc. - Stockhouse LCID Stock Has Yet to Hit Rock Bottom. 21700) Cathode active material Conventional Lithium-Ion Batteries Have Reached Their Physical Limit, Source: Andre et al, J Mater Chem A, (2015) 6709 Lithium-Metal Anode is Required for High Energy Density Cathode Material Lithium-Metal Anode Graphite / Silicon Anode Graphite Anode Energy density of conventional anode limited Lithium-metal anode necessary to achieve high energy density Lithium-metal cannot be used without a solid-state separator Conventional Lithium-Ion Batteries Lithium-Metal Anode Required The Industry Needs a Fundamental Redesign of Battery Technology Lithium-Metal Batteries, Conventional Liquid Battery QuantumScape Solid-State Battery QuantumScape Has The Solution Rethinking the Battery Graphite / Silicon Anode Charged Lithium Metal Anode Solid-State Separator Catholyte Cathode Current Collector Anode Current Collector Discharged Lithium-Metal (as manufactured) Cathode Active Cathode Active Liquid Electrolyte Liquid Electrolyte Porous Separator Anode Current Collector Cathode Current Collector Anode-less Manufacturing Anode-less cell design with lithium plated during charge cycles 1 Solid-State Separator Ceramic electrolyte with high dendritic resistance 2 Lithium-Metal Anode Only stable implementation of a lithium-metal anode 3 3 2 1, Energy / Capacity: Significantly increases volumetric and gravimetric energy density Eliminates graphite/silicon anode host material Fast Charging: Enables <15 minute fast charge (0 80%) Eliminates lithium diffusion bottleneck in anode host material Cost: Lower cost Eliminates anode host material and manufacturing costs Battery Lifetime: Increased life No capacity loss at anode interface Intrinsically Safer: Eliminates organic separator Solid-state separator is nonflammable and noncombustible The Only Battery That Enables Mass Market Transformation QuantumScapes Value Proposition, Elimination of anode material Reduction in manufacturing costs No anode manufacturing Formation / aging substantially reduced Excludes system level benefits from lower weight / volume QuantumScape benefits from industry wide cost declines on standard components (e.g. Louis Navellier and the InvestorPlace Research Staff, Dear SOFI Stock Fans, Mark Your Calendars for June 14, Dear BBBYQ Stock Fans, Mark Your Calendars for June 7, 3 Stocks to Buy That Could Be the Next Nvidia, MULN Stock Alert: Lawrence Hardge Shares Updates on Middle East Deals, GME Stock Alert: GameStop Announces New Partnership With Telos, GWH Stock: 11 Things to Know as ESS Tech Starts Trading Today. During the previous two years, 81 institutional investors and hedge funds held shares of ESS Tech. 2012 . kcac-ex993_61.pptx.htm - SEC.gov ESS Inc. (NYSE: GWH) designs, builds and deploys environmentally sustainable, low-cost, iron flow batteries for long-duration commercial and utility-scale energy storage applications requiring from 4 to 12 hours of flexible energy capacity. The share price shot up briefly to $28.92 on that day. All statements other than statements of historical fact contained in this presentation, including statements regarding QuantumScapes future operating results, financial position, business strategy, addressable market, anticipated benefits of its technologies, projected factory economics, pro forma information, and plans and objectives for future operations and products are forward-looking statements. The business combination values the combined company at a $1.072 billion pro forma enterprise value. ESS Inc. - Investor Relations Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. News. ESS Inc. - Events - Presentations contact@marketbeat.com Facebook Twitter Linkedin Copia Link. Which ESS Tech major shareholders have been selling company stock? Alex Kleban. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ($ in Billions) SOP, $ in millions 2022E 2023E 2024E 2025E 2026E 2027E 2028E Manufacturing capacity Total Production Capacity (GWh) 0 0 0.25 0.75 6 46 91 QS-1 Pilot (1 GWh) 0 0 0.25 0.75 1 1 1 QS-1 Expansion (20 GWh) 0 0 0 0 5 15 20 QS-2 0 0 0 0 0 30 70 Income Statement Revenue - - $ 14 $ 39 $ 275 $ 3,210 $ 6,439 % Growth NM 181% 614% 1066% 101% Gross margin - - $ 0 $ 2 $ 73 $ 1,006 $ 1,914 % Margin 1% 5% 26% 31% 30% EBITDA $ (102) $ (114) $ (130) $ (120) $ (59) $ 808 $ 1,622 % Margin NM NM NM 25% 25% FCF (after project financing) $ (137) $ (169) $ (222) $ (691) $ (1,346) $ (533) $ 563 No Capacity After QS-1 Expansion (20GWh): FCF (after project financing) $ (137) $ (169) $ (222) $ (312) $ (289) $ (17) $ 69 Summary Financials Fully funded business to start of production High margins reflect QuantumScapes unique technology and structural cost advantage due to anode-less manufacturing Assumes offtake agreements with IG partners supporting meaningful debt financing Assume no capacity growth past 2028 Assumes 50% ownership of cell factory and 100% ownership of separator factory for QS-1; 100% ownership for QS-2 Commentary 2H2020E - 2021E FCF: $(184)mm Note: Non-GAAP financial metrics. PDF Investor Presentation November 2020 Represents ~910k vehicles annually (assumes 100KWh pack), Transaction Overview Sources Pro Forma Valuation Uses Illustrative Pro Forma Ownership2 (in millions, except per share data) Note: Assumes no redemptions from Kensingtons existing public shareholders. Join us. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/gwh-stock-11-things-to-know-as-ess-tech-starts-trading-today/. Newsfile: Go to all current & historical news: Events. Today,ESS Tech(NYSE:GWH) is the latest special purpose acquisition company (SPAC) initial public offering (IPO)to hit the market. USD. Based on 2030 passenger EV Battery TAM of 1,938 GWh 2 0 2 7 E 2 0 2 8 E Pilot Start of P r oduct i on Expansion I Start of Production Expansion II Start of Production P r e - P r oduct i on 2 0 2 4 E Pilot 2 0 2 5 E Expansion I (1) 2 0 2 6 E Expansion II . Any securities shall be offered only to accredited investors in a private placement pursuant to Regulation D under the Securities Act of 1933 or another available exemption, and this presentation is intended solely for the purposes of familiarizing such investors with the company. What is the CUSIP number for the outstanding Public Warrants? Figures in table rounded. A replay of the events will be available via the web at http://investors.essinc.com/. Learn more on GWH's institutional investor holdings. ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. Erik Bylin 2014. Unlike currently available approaches, our solution offers a green, lower lifecycle cost, energy storage system with performance that doesnt degrade over time. Please note all regulatory considerations regarding the presentation of fees must be taken into . Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. In the long run, grid-scale energy storage will need the capabilities of long-duration storage to pick up the load for four to twelve hours when variable generation wanes, yet be flexible enough to support fast-changing grid needs. Annual Reports. By using readily-available materials for short-term power storage, the company aims to be a more environmentally conscious battery supplier. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. End of Day Stock Quote. PDF BASF Investor Update Wilsonville, OR. BASF Investor Update 2021: BASF Battery Materials September 27, 2021 one third is the battery. President & CEO. The share price shot up briefly to $28.92 on that day.. ESS Tech is an innovative business thats almost single-handedly trying to solve this problem. This presentation contains non-GAAP financial measures and key metrics relating to the company's projected future performance. 333-257232), which can be found here: https://www.sec.gov/Archives/edgar/data/1819438/000119312521272876/d129808d424b3.htm. More results . 945 GWh generation volumes. ESS developed an iron flow battery technology with innovative technological breakthroughs that is built to transform the utility grid by enabling safe, environmentally-friendly, long-duration storage. ESS Tech, Inc. (ESS,” ESS Inc.”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems for commercial and utility-scale applications, announced today that ESS management will present at upcoming investor conferences in May and June. Deutsche Bank Securities Inc. is serving as capital markets advisor and placement agent to ACON S2. What are some possible effects of the Companys election to redeem my Public Warrants? Stock Summary - research.tdameritrade.com Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Mullen Automotive - What's Good, What's Bad, and What's Downright Ugly, These Stocks Have Bottomed and Are Primed for Reversal, AI Helps Palantir Make a Move to the Upside. Battery opportunity assumes $100 / KWh and 50KWh+ battery pack. SEC.gov | HOME investors@essinc.com ET. Change value during other periods is calculated as the difference between the last trade and the most recent settle. SEC Filings. 505 Penobscot Drive An email was sent with password retrieval instructions. Get ready for a standout special purpose acquisition company (SPAC) that just completed its initial public offering (IPO). See what's happening in the market right now with MarketBeat's real-time news feed. As part of the transaction, ACON S2 raised a $250 million fully committed PIPE from institutional investors including Fidelity Management & Research Company LLC, SB Energy Global Holdings Ltd, a wholly-owned subsidiary of SoftBank Group Corp., Breakthrough Energy Ventures and BASF Venture Capital. No items found for this year. Cathode) Anode material cost Anode manufacturing cost Formation & aging related manufacturing costs QuantumScape Technology is Lower Cost 17% Source: P3 Consulting and Management analysis. This presentation contains proprietary and confidential information of QuantumScape Corporation, and the entire content should be considered "Confidential Information." This presentation is made solely for informational purposes, and no representation or warranty, express or implied, is . Energ. 2015. View analysts price targets for GWH or view . Financials consistent with PCAOB audit standard. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ACON S2s or ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. This volume of shares sold represents approximately $22.19M in transactions.
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