ESS Commissions First Iron Flow Battery Deployment for Sacramento Municipal Utility District
September 11 2023 - 5:00PM
Business Wire
Initial deployment under 2 GWh framework
agreement supports SMUD 2030 Clean Energy Vision
ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of
long-duration energy storage systems (LDES) for commercial and
utility-scale applications, today announced that it has completed
commissioning of six Energy Warehouse™ systems delivered to the
Sacramento Municipal Utility District (SMUD), the nation’s
sixth-largest community-owned electric service provider.
The six Energy Warehouse™ systems represent the first delivery
under a framework agreement first announced in September 2022.
Under that agreement, ESS will deliver up to 200 megawatts (MW) / 2
gigawatt-hours (GWh) of iron flow LDES systems to SMUD. Once fully
operational and paired with renewable energy, 2 GWh of iron flow
battery systems are expected to enable the elimination of
approximately 284,000 metric tons of CO2 emissions per year from
SMUD’s system. With the arrival of the units, SMUD prepares for the
next phases of integrating the system into its expansive clean
power portfolio. Once operational, SMUD will also train staff on
utility-scale applications and clean energy dispatch of
long-duration battery systems.
ESS technology directly supports the utility’s ambitious 2030
Clean Energy Vision by enabling increased utilization of renewable
energy, providing neighborhood resiliency, and promoting social
justice and equity with safe and sustainable energy storage
infrastructure and reduced emissions.
"SMUD is on a bold journey to eliminate all carbon emissions
from our power supply by 2030 without compromising our world class
reliability and rates that are consistently among the lowest in
California,” said Paul Lau, CEO & General Manager of SMUD.
“We’re excited to embrace cutting-edge technologies, including
through our partnership with ESS, to deliver and grow long-duration
energy storage. In addition to accelerating our transition to a
clean energy future, this partnership and technology will spur
economic development, equitable access to clean energy and a
brighter future for the entire Sacramento region.”
With up to 12 hours of flexible energy capacity, ESS technology
provides cost-effective, resilient and sustainable energy storage
well-suited to multiple use cases including utility-scale renewable
energy installations, solar + storage microgrids, grid
load-shifting and peak shaving, and other ancillary grid services.
ESS systems are safe and sustainable and can be deployed in
populated areas without the risks associated with other storage
technologies.
“The need to decarbonize our energy system and ensure resilient,
reliable sources of energy becomes more apparent every day. SMUD’s
leadership is setting an example for utilities worldwide to embrace
energy storage for a clean, resilient and equitable energy future,”
said Eric Dresselhuys, CEO of ESS. “The commissioning of these
systems marks an important milestone in our partnership with SMUD.
We look forward to delivering and commissioning additional
long-duration energy storage systems to enable deep decarbonization
and provide sustainable economic opportunity in the greater
Sacramento region.”
In addition to deploying critical energy storage technology, ESS
and SMUD plan to establish a Center of Excellence (COE) for energy
storage manufacturing in Sacramento. The COE will be established in
partnership with local educational institutions and will provide
workforce training and support economic development in the greater
Sacramento region.
About ESS, Inc.
At ESS (NYSE: GWH), our mission is to accelerate global
decarbonization by providing safe, sustainable, long-duration
energy storage 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, 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.
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 SMUD
As the nation’s sixth-largest, community-owned, not-for-profit
electric service provider, SMUD has been providing low-cost,
reliable electricity to Sacramento County for more than 75 years.
SMUD is a recognized industry leader and award winner for its
innovative energy efficiency programs, renewable power technologies
and for its sustainable solutions for a healthier environment.
Today, SMUD’s power supply is on average about 50 percent carbon
free and SMUD has a goal to reach zero carbon in its electricity
production by 2030. For more information on SMUD’s Zero Carbon Plan
and its customer programs, visit smud.org.
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 Company’s ability to execute on orders and the
Company’s relationships with customers. 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, continuing supply chain issues;
delays, disruptions, or quality control problems in the Company’s
manufacturing operations; the Company’s ability to hire, train and
retain an adequate number of manufacturing employees; issues
related to customer acceptance of the Company’s products; as well
as those risks and uncertainties set forth in the section entitled
“Risk Factors” in the Company’s Quarterly Report on Form 10-Q for
the six months ended June 30, 2023, filed with the Securities and
Exchange Commission (the “SEC”) on August 8, 2023, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230911856884/en/
Media: Morgan Pitts 503.568.0755
morgan.pitts@essinc.com
Investors: Erik Bylin investors@essinc.com
SMUD Contact Gamaliel Ortiz 916.732.5111
media@smud.org
ESS Tech (NYSE:GWH)
Historical Stock Chart
From Jun 2024 to Jul 2024
ESS Tech (NYSE:GWH)
Historical Stock Chart
From Jul 2023 to Jul 2024