• ESS, a long-duration battery developer, has announced its expansion into Europe. The company expects its iron-flow batteries to fulfill European energy storage requirements of up to 20 TWh to achieve net-zero power by 2040. 

• ESS is scheduled to begin European deployments during H2 2022. 

<ul><li>ESS has already announced customer orders from ENEL in Spain to deliver 17 ESS Energy Warehouse iron flow battery systems to support an EU-backed solar farm and provide resilience for the local power grid.</ul> 

<ul><li> Analyst QuickTake: ESS went public through a SPAC merger in October 2021. The transaction generated USD 308 million, with proceeds expected to be used to scale its operations. The company’s European expansion is likely to have been funded through this.</ul>