326 E 8th St #105, Sioux Falls, SD 57103 However, an opening day such as this one is truly remarkable. Today,ESS Tech(NYSE:GWH) is the latest special purpose acquisition company (SPAC) initial public offering (IPO)to hit the market. 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Its going to get complicated for a moment, so get ready. Battery opportunity assumes $100 / KWh and 50KWh+ battery pack. 2012 . We are thrilled to team up with ACON S2 to deliver long-term value for our customers, partners, employees, shareholders and the planet as a public company., Craig Evans, ESS President and Co-founder stated, Our team worked diligently for the last decade to create a storage solution that could provide a meaningful addition to the worlds transition to a renewable future. 1 Single layer pouch 139 148, Increasing Separator Yield Multi-Layer Cell High-Volume Battery Manufacturing Validated Technology: Next Steps Scaling The Product, QuantumScape: Driving Environmental Sustainability Climate Change Responsible Production Energy Efficiency Reducing global CO2 emissions Designed around abundant resources Enables clean energy sources Key ESG Themes, Source: International Organization of Motor Vehicle Manufacturers (OICA); IEA Based on 2019 global vehicle production; includes passenger vehicles, heavy trucks, buses and coaches (OICA). Market Potential and Market Fit : Indian Market ~ 150 Gwh Pouch-----Prismatic Cylindrical NMC LFP Application Potential in GwH LEV 45 to 50 PV 50 to 55 CV 15 to 25 Storage 20 to 30 Total 130 to 160 Market Fit Market Potential by FY 30 View All. 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. Think about how dirty and inefficient traditional batteries are. 24M partners with leading regional and global organizations on gigawatt-scale manufacturing to accelerate the transition to a clean energy economy. Warrants will be deemed to be exercised on the business day upon which Computershare receives the notice in good order and the Exercise Price in cleared funds. ESS Inc.s transfer agent is Computershare Investor Services. ESS Inc. - Events - Presentations Last 7D Change. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. How much institutional selling is happening at ESS Tech? Fundamental company data and analyst estimates provided by FactSet. 83 Redwood City, CA 94063, Telephone:855.698.8887 Gene Hunt A reconciliation of these non-GAAP financial measures to the corresponding GAAP measures on a forward-looking basis is not available because the various reconciling items are difficult to predict and subject to constant change. ESS Tech is an innovative business thats almost single-handedly trying to solve this problem. QuantumScape may not actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. ESS Tech (GWH) Institutional Ownership $1.13 +0.04 (+3.67%) (As of 05/26/2023 ET) Compare Today's Range $1.03 $1.15 50-Day Range $0.79 $1.39 52-Week Range $0.75 $5.31 Volume 716,594 shs Average Volume 2.38 million shs Market Capitalization $174.44 million P/E Ratio N/A Dividend Yield N/A Price Target $3.34 ESS Tech (GWH) Stock Investors Activity & Sentiment - TipRanks PR Newswire: 8:37 am ET: MONDAY DEADLINE REMINDER: The Schall Law Firm Encourages Investors in ESS Tech, Inc. with Losses of $100,000 to Contact the Firm. Note: Volkswagen will receive an additional board seat when the first tranche of its Series F investment closes. All rights reserved. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. This company focuses on commercializing iron-based battery flow. These remarks are current only as of its date, June 1, 2023. Institutional investors have sold a total of 8,168,871 shares in the last 24 months. Unrealized Gain on Marketable Securities. 1125 N. Charles St, Baltimore, MD 21201. Southern Company - Fixed Income Financial Market Data powered by QuoteMedia. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The table shows changes in GWH in the past 3 months by investors with public portfolios. The objective is to promote the joint development of solid-state battery technology. LGES' standalone Arizona plant will start up in 2025, with 15 GWh/year of capacity. How do I transfer stock, change the address on my shareholder account, or replace a lost stock certificate? That is the capability that ESS iron flow battery technology can deliver. Investor Relations. Investor Presentation September 2020 EXHIBIT 99.3. 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. David Moadel has provided compelling content and crossed the occasional line on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course) InvestorPlace.com. $33.2m Group NPAT. PDF Investor Presentation - H1-FY20 7 November 2019 Average Holding Size. Source: FactSet. GH200-Powered Systems Join 400+ System Configurations From Global Systems-Makers Based on NVIDIA Grace, Hopper, Ada Lovelace Architectures TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) - COMPUTEX - NVIDIA today announced that the NVIDIA GH200 Grace Hopper Superchip is in full production, set to power systems coming online worldwide to run complex AI and HPC workloads. Real-time analyst ratings, insider transactions, earnings data, and more. Warrants will be deemed to be exercised on the business day upon which your broker instructs through DTC and receives the Exercise Price remittance in cleared funds. How much institutional buying is happening at ESS Tech? This purchase volume represents approximately $506.53M in transactions. GWH Investors Also Bought. By using readily-available materials for short-term power storage, the company aims to be a more environmentally conscious battery supplier. 4 Wall Street analysts have issued twelve-month price targets for ESS Tech's shares. ESS Inc. - Investor Relations Holders of Public Warrants wishing to exercise must do so prior to 5:00 p.m. New York City time on October 8, 2026 (the Expiration Date), unless they are redeemed earlier by the Company (see below for more information about redemption).Note that, if you hold Public Warrants through a broker, you should contact your broker to determine your brokers procedure for exercising your Public Warrants. quotes delayed at least 15 minutes, all others at least 20 minutes. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. Trevi Communications, Inc. GWH Stock: 11 Things to Know as ESS Tech Starts Trading Today Partners & Investors - 24M However, ESS Tech aims to uses these funds to ramp up its business. To effect a cashless exercise, you would be deemed to pay the Exercise Price by surrendering the fair market value of the Common Stock calculated by the reference table set forth on page 236 of the Companys final prospectus (Registration No. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The company raised approximately $308 million from the SPAC merger deal. ESS Inc., a Long-Duration Energy Storage Solutions Company, to Become a Unlike traditional lithium-ion batteries that are made from hazardous and costly materials, ESS patent-protected battery solutions use abundant iron, salt and water, making them environmentally safe and cost-effective energy storage systems. Public Warrants are exercisable for one share of Common Stock at a price of $11.50 per share, subject to adjustments (the Exercise Price). I Key Takeaways From JPMorgan's Investor Day Presentation LCID Stock Has Yet to Hit Rock Bottom. The Boards of Directors of ESS and ACON S2 have unanimously approved the transaction. investors, (ii) be difficult or impossible to produce, and (iii) could ultimately have a negative impact on the use of the STS label. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Clearly, ESS Tech is an ambitious company, as its battery technology apparently has the potential to transform the power grid at least, according to the investor presentation. A full description of the terms of the transaction will be provided in a registration statement on Form S-4 to be filed with the SEC by ACON S2 that will include a prospectus with respect to the combined companys securities to be issued in connection with the business combination and a proxy statement with respect to the shareholder meeting of ACON S2 to vote on the business combination. tag. Please go to the link in the email message to retrieve your password. 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. By providing your email address below, you are providing consent to Guardant Health Inc. to send you the requested Investor Email Alert updates. Dr. Tim Holme Founder / Chief Technology Officer Dr. Mohit Singh Chief Development Officer Jagdeep Singh Founder / CEO (Chairman) Prof. Fritz Prinz Founder / Chief Scientific Advisor (Board Member) Howard Lukens Chief Sales Officer Kevin Hettrich Chief Financial Officer Founder / CEO Infinera (NASDAQ: INFN); Lightera, now Ciena (NASDAQ: CIEN); OnFiber, now Qwest; AirSoft MS Computer Science, Stanford Bain Capital McKinsey & Company US Department of Energy MBA & MS, Stanford Chair, Mechanical Engineering, Stanford Professor, Materials Science, Stanford PhD, Physics, University of Vienna VP WW Sales, Infinera (NASDAQ: INFN) VP Strategic Sales, Ciena, (NASDAQ: CIEN) VP WW Sales, Lightera CTO and co-founder, SEEO Solid-state energy storage world expert PhD, Polymer Physics, Berkeley Sales Director, Northern Europe, Infinera Product Planning, Infinera MS Engineering CLO & CAO, Infinera (NASDAQ: INFN) SVP & General Counsel, Ciena (NASDAQ: CIEN) J.D. $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. 26440 SW Parkway Ave., Bldg. ACON S2 has a focus on businesses that employ a strategic approach to sustainability; that is, a business whose pursuit of sustainabilityenvironmental, social and/or economicis core to driving its performance and success. How to Create an Investor Presentation [Templates + Tips] - Visme As InvestorPlace contributor Chris MacDonald reported, GWH stock debuted for public trading on the New York Stock Exchange on Oct. 12. investors@essinc.com Our team has delivered on that goal over the last decade by developing patent-protected iron flow battery technology that is well-suited for the grid and the environment. This makes it ideal for powering renewable energy sources, like solar and wind. This version has been prepared for convenience of use and does not contain . Financials consistent with PCAOB audit standard. Includes costs for planning, FAT / SAT, and start-up; excludes maintenance capex and interest expense. Founded in 1996, ACON has managed approximately $6 billion of capital to date and has professionals in Washington, DC, Los Angeles, Mexico City, So Paulo, Bogot and Madrid. This suggests a possible upside of 195.7% from the stock's current price. In the search for alpha, this is the kind of risk-reward many investors are looking for today. At ESS Tech, Inc., we promise to treat your data with respect and will not share your information with any third party. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. This communication contains certain forward-looking statements, including statements regarding ACON S2s, ESS or their management teams expectations, hopes, beliefs, intentions or strategies regarding the future. ESS Inc.s independent auditor is Ernst & Young LLP. Sustainability. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. LCID Stock Has Yet to Hit Rock Bottom. This volume of shares sold represents approximately $22.19M in transactions. $0.0001 par value; 128,000,000 shares authorized (81,000,000 class A and 47,000,000 class B); 11,229,241 and 11,075,476 class A and class B shares issued and outstanding at 31-Dec-2019 and 2018, respectively. We have made incredible strides to that end and I am very excited about the next phase for ESS and our ability to accelerate our growth., ESS offers a remarkable technology that is a game-changer in the worlds transition to clean energy, said Adam Kriger, CEO of ACON S2 Acquisition Corp. With its tremendous market opportunity and leadership position in cost, performance and sustainability, ESS has a clear trajectory for growth as it scales. The brokerage firm will notify DTC of your desire to exercise the warrants and should be able to provide both DTC and Computershare the necessary documents. Assuming no public shareholders of ACON S2 exercise their redemption rights, ESS existing shareholders, including its founders, will own approximately 64% of the combined company. Thermo Fisher Scientific Inc. - 2023 Investor Day Presentation Note, Public Warrants may only be exercised on a cashless basis should the Company deliver a written notice of redemption to the holders. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Adjusted EBITDA is defined as earnings before interest expense, interest income and other income, taxes, depreciation, amortization, and stock-based compensation. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. For these purposes, business day means any day (excluding a Saturday or a Sunday) on which banks in New York City are open for business. However, within a couple of days, it retraced back to $16 and change. Figures in table rounded. PDF Investor Presentation November 2020 Those remaining Public Warrants will be delisted, void and no longer exercisable, and the holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price. ESS Inc. - Resources - Investor FAQs If you experience any issues with this process, please contact us for further assistance. Todays Lithium-Ion % Improvement System Volume 350 L (260 Wh/L) 350 L (470 Wh/L) 81% (Energy Density) System Energy 90 kWh 164 kWh 82% Range 400 km (250 Miles) 730 km (450 Miles) 82% Charge 22.5-min Fast Charge (5% 80%) 15-min Fast Charge (0% 80%) 33%+ Power 420kW 650kW 55% Safety Organic Electrolyte Solid, Non-oxidizable Electrolyte Revolutionary Technology Removes the Tradeoffs Source: Automotive OEM disclosure and commentary; Management estimates and analysis. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Both founded a joint venture in 2018, the aim of which is to prepare the mass production of solid-state batteries for Volkswagen. - Volkswagen Group Half-Yearly Financial Report, July 2020, NMC2 NCA3 LFP1 Commercialized Chemistries NCA or Ni-rich NMC + Silicon / Carbon Anode Energy-optimized Cell Designs QuantumScape is a Step-Function Ahead of Conventional Cells Source: Argonne National Laboratory; Management estimates 1 Lithium, iron, and phosphate 2 Nickel, manganese, and cobalt 3 Nickel, cobalt, and aluminum, Established Manufacturing Processes and Supply Chains Unique processes use equipment that is already used at scale in battery or ceramics industries Equipment designed and manufactured by worlds leading vendors Materials have robust and well-established supply chains served by diversified chemical, mining and materials firms Separator materials are widely used in other industries, QuantumScape Company Timeline and Key Milestones In 10 years, QuantumScape Executed on Key Technological and Operational Breakthroughs 2010/2011 QuantumScape founded and spun out of Stanford by Jagdeep Singh, Professor Fritz Prinz and Dr. Tim Holme 2013 Separator materials exploration in rapid 12 hour design/build/test cycle 2019 World-first validation of Li-free full cell cycling reliably with lithium-metal at automotive rates 2020 VW announces Series F investment Commercial size SLP1 demonstration 2012 Volkswagen (VW) partnership begins 2015 QuantumScape selects the separator material 2017 Develops scalable separator production process 2014 Establishes 80K ft2 facility with state-of-the-art analytical tools and dryrooms in San Jose, California 2016 World-first demonstration of solid-state separator capability to meet automotive requirements 2018 JV forms with VW, confirms Series E investment Develops Li-free anode design World-first validation of full cell cycling reliably with lithium-metal at automotive rates Patents No. You may obtain free copies of these documents as described in the preceding paragraph. 97070 After submitting your request, you will receive an activation email to the requested email address. 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). It's an opportunity to show how you came up with that idea and why you're so passionate about it. I say almost because there are other companies that are helping ESS Tech to go public, and thereby raise capital from the shareholders. ACON S2 and ESS and their respective directors and officers may be deemed to be participants in the solicitation of proxies from ACON S2s stockholders in connection with the proposed transaction. More results . Shares of GWH. WILSONVILLE, Ore. & WASHINGTON-- ( BUSINESS WIRE )--ESS Tech, Inc. ("ESS Inc.", "ESS" or the "Company"), a manufacturer of long-duration iron flow batteries for commercial and utility-scale energy. Identify stocks that meet your criteria using seven unique stock screeners. Download the document - PDF courtesy copy. The words may, will, estimate, pro forma, expect, plan, believe, potential, predict, target, should, would, could, continue, believe, project, intend or similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Guardant Health, Inc. - Investor Relations Transaction Overview Founded in 2010, QuantumScape Corporation has developed the only lithium-metal solid-state battery with automotive OEM validation Kensington Capital Acquisition Corporation (NYSE: KCAC.U) is an automotive-related special purpose acquisition company with $230mm cash held in trust QuantumScape and Kensington are combining to advance and accelerate the commercialization of QuantumScapes battery technology Kensington has identified QuantumScape as a unique and compelling investment opportunity that is developing leading solid-state battery technology to accelerate the shift to electric vehicles EV of $3.3bn which is ~1.0x of 2027E sales Represents attractive entry multiples relative to peer group metrics QuantumScape shareholders are rolling 100% of their equity Transaction proceeds are being retained in the business Pro forma for the transaction (assuming no redemptions) QuantumScape will have ~$1.15bn of cash to fund commercialization plans ($230mm KCAC cash held in trust, $500mm in PIPE proceeds, and $471mm QuantumScape cash) No additional equity capital need expected prior to production launch Overview Capital Structure Valuation (1) QuantumScape cash and cash equivalents as of June 30, 2020 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, net of fees.