24/7 Market News Snapshot 14 August, 2025 – ESS Tech, Inc. (NYSE:GWH)

August 14, 2025

DENVER, Colo., 14 August, 2025 (www.247marketnews.com) – (NYSE:GWH) are discussed in this article.
ESS Tech, Inc. (NYSE:GWH) is witnessing significant momentum in the market, with shares opening at $1.77 and climbing to $2.00, a notable increase of 18.34%. This trading activity reflects strong investor interest, supported by a current trading volume of 501.29K shares. Traders are encouraged to monitor key resistance levels at $2.05 and support levels around $1.85, as sustained buying pressure could lead to further gains in the renewable energy sector.

In its recent financial results for the second quarter ending June 30, 2025, ESS Tech has made substantial strides towards enhancing its commercial growth and operational efficiency. The company reported a strategic capital raise of up to $31 million, consisting of immediate cash and a $25 million Standby Equity Purchase Agreement, aimed at scaling its innovative long-duration energy storage solutions.

A standout event in Q2 was the successful launch of the Energy Base, ESS’s proprietary non-flammable iron flow battery platform. The company realized a key milestone by finalizing its first Energy Base sale while submitting proposals totaling over 1.1 GWh, indicating robust commercial momentum.

With a commitment to a “Made in the USA” manufacturing approach, ESS utilized over 98% domestically sourced components, thus strengthening its competitive position in the dynamic energy storage market. Recent federal legislation bolstering incentives for domestic energy storage reinforces the attractiveness of ESS products to customers seeking reliable solutions.

The company reported a GAAP revenue of $2.4 million in Q2, representing a remarkable 294% increase from the previous quarter, accompanied by a 35% reduction in GAAP operating expenses. The company’s operational reset, alongside the appointments of Jigish Trivedi as Chief Operating Officer and Kate Suhadolnik as interim Chief Financial Officer, positions ESS for sustained growth amid rising demand for long-duration energy storage solutions.

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