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GWH ESS Tech Inc.

Current Share Price:

Grizzly Research LLC
Initial Report Date（2022/12/07）Share Price:2.860

Caught Red-Handed: We Present Evidence that ESS Tech Inc.’s Biggest Customer is Really an Undisclosed Related Party Without Operations

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ESS Tech Inc. (“ESS”, NYSE: GWH) develops and produces utility-scale batteries for long-duration storage of electricity employing a “simple yet revolutionary technology: iron, salt and water” The market for long-duration battery storage is highly competitive and technically challenging. We argue ESS’s claims about its technology are overstated and targeted at creating investor hype for laypeople regarding the field of battery engineering.

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