◂ Announcements

Dec 13, 2017INVESTMENTWilsonville, Oregon, United States

ESS Inc. raises $13M to automate battery facility

ESS Inc. closed a $13 million Series B financing round to boost production capacity at its Wilsonville plant, investing in automation tools to ramp up capacity to 300 MWh by summer 2018 and eventually 900 MWh.

Value

$13.0M

Starts operating

Q2 2018

Status

Announced

Capacity

300 MWh by summer 2018, eventually 900 MWh

Productsflow batteriesenergy storage systems

CompaniesESS Inc.

Sectors#Power Generation Equipment

“This funding allows us to get the line up, learn how to run the line and be ready for demand in 2019 and 2020.”essinc.com

1 source
essinc.comWilsonville Battery Maker Nabs $13M, Plans to Automate Facility – Portland Business JournalDec 13, 2017

Summarized from public sources; check the original articles before acting on it.

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