ESS Technology Takes Off at Schiphol to Decarbonize Air Transportation - Seite 2

“Amsterdam Airport Schiphol has set an ambitious goal for decarbonization and has provided great leadership in taking the necessary actions to make it real,” said Eric Dresselhuys, CEO of ESS. “This project provides a blueprint for LDES to safely provide clean, reliable energy in airport operations and reduce fossil fuel dependence. This pioneering project will encourage other European airports to follow the TULIPS lead and deploy technologies to achieve climate targets and accelerate air industry decarbonization.”

About ESS, Inc.

At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable LDES that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, LDES is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.

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. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com

About TULIPS

TULIPS is a consortium developing innovations that facilitate the transition to low-carbon mobility and enhance sustainability at airports, supported by the EU with €25 million in funding. The TULIPS project started in January 2022 and will last until December 2025. The consortium aims to speed up the roll-out of sustainable technologies in aviation and significantly contribute towards the zero emissions and zero waste airports by 2030 and climate-neutral aviation by 2050. Amsterdam Airport Schiphol will be the proving ground for 17 demonstrator projects that result from the collaboration.

Forward-Looking Statements

This communication contains certain forward-looking statements regarding ESS and its management team’s expectations, hopes, beliefs, or intentions regarding the future. The words “estimate”, “expect”, “will” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements include, among others, statements regarding the status and performance of ESS equipment deployments with its customers and partners. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments. Many factors could cause actual future events to differ materially from such expectations, including, but not limited to, disruptions, or quality control problems in the Company’s manufacturing operations; as well as those risks and uncertainties set forth in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the twelve months ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) on March 14, 2024, and its other filings filed with the SEC. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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The ESS Tech Stock at the time of publication of the news with a raise of +1,13 % to 0,829USD on NYSE stock exchange (04. Mai 2024, 02:04 Uhr).