Energy Storage News•3 months ago
Flow battery startup ESS Tech Inc looks to acquisitions, big-name US partnerships for hope in future profitability
- •Iron flow battery developer ESS Tech Inc. reported continued unprofitability in 2025, signaling financial challenges for emerging battery technologies.
- •The company is actively pursuing strategic growth through acquisitions (VoltStorage GmbH) and high-profile partnerships (Google) to achieve future profitability.
- •This indicates a market trend towards consolidation and strategic alliances within the energy storage sector, impacting developers and large power consumers seeking stable solutions.
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