ESS Celebrates $50M Manufacturing Expansion Funded by U.S. Export-Import Bank
Key Points:
*Overview:
GWH, a leading manufacturer of long-duration energy storage systems, celebrated a significant milestone with a ribbon-cutting event on August 7, 2024, in Wilsonville, Oregon.
The event marked the completion of a $50 million manufacturing expansion at ESS's Oregon headquarters. The expansion was funded by the U.S. Export-Import Bank's Make More in America Initiative, which provides financing to U.S. companies that create and support American jobs.
ESS is the first energy storage manufacturer to receive support from the Make More in America Initiative. The company's expansion is expected to create 150 new jobs in Oregon.
Benefits of the Expansion:
The expansion will allow ESS to increase its production capacity and meet the growing demand for long-duration energy storage systems.
These systems are essential for storing renewable energy and providing backup power during outages. They can help to reduce greenhouse gas emissions and improve the reliability of the electric grid.
Quotes:
"This expansion is a major step forward for ESS and for the clean energy industry," said GWH CEO GWH.
"We are grateful for the support of the U.S. Export-Import Bank and the Make More in America Initiative.
"This expansion is a testament to the growing demand for long-duration energy storage systems," said U.S. Export-Import Bank Chairman and President Reta Jo Lewis.
"ESS is a leader in this field, and we are proud to support their growth through the Make More in America Initiative.
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