ESS Tech Secures $40 Million Financing from Yorkville Advisors to Support Energy Storage Expansion
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ESS Tech Inc. has secured $40 million in financing from Yorkville Advisors to enhance its energy storage capabilities. The deal includes $30 million in immediate capital and an additional $10 million contingent on a sales agreement. The financing is structured as a one-year promissory note, aimed at bolstering ESS's cash position and supporting its transition to U.S.-manufactured Energy Base platform.
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