ESS Tech to acquire VoltStorage IP and assets, terms not disclosed

ESS Tech (GWH) announced the acquisition of the intellectual property and assets of VoltStorage GmbH, a pioneer in iron-salt battery technology. “This acquisition accelerates our mission to provide clean, reliable, and affordable energy storage solutions worldwide,” said Drew Buckley, CEO of ESS. “By combining decades of iron flow battery expertise across two companies at ESS, we are accelerating innovation to create the most advanced iron-salt battery platform for long-duration storage.” Through the transaction, ESS also gains access to VoltStorage’s patent portfolio and key personnel. The financial terms of the deal were not disclosed.