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Klaralven

(7,510 posts) Mon Oct 11, 2021, 07:05 PM Oct 2021

Bill Gates-backed ESS -- which makes giant batteries out of iron, salt and water -- starts trading

The battery company ESS went public through a SPAC with Acon S2 Investment Corp. and starts trading on the New York Stock Exchange on Monday under the ticker symbol GWH.

ESS’ battery is made primarily of iron, salt and water, which are readily available and safe resources.

The battery stores energy for between four and 12 hours, a time frame that pairs well with renewable energy sources such as solar and wind.

https://www.cnbc.com/2021/10/11/ess-battery-company-backed-by-bill-gates-softbank-opens-on-nyse.html