ESS, a long-duration energy storage provider, has secured a USD 50 million debt financing package from the US Export-Import Bank under the "Make More in America" initiative. This brings the company's total financing to USD 374.5 million.
The funding will expand the company’s manufacturing capacity in Wilsonville, Oregon, to meet growing global demand for its long-duration energy storage solutions. This will enable the company to triple its annual production capacity.
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