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Honeywell purchased $27.5 million in ESS common stock and intends to purchase $300 million in ESS product, with $15 million prepaid. The collaboration enables Honeywell to integrate ESS technology into its global offering, and ESS gains license to Honeywell’s flow battery intellectual property.
The company has secured a deep-pocketed partner.
Honeywell (NYSE:HON) has invested in ESS Tech as part of a strategic collaboration with the energy technology company to advance the development and...
Honeywell (NYSE:HON) has invested in ESS Tech as part of a strategic collaboration with the energy technology company to advance the development and...
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