HON - ESS Tech Collaborates with Honeywell to Accelerate Iron Flow Battery Energy Storage Systems Deployment

2023-09-25 09:43:47 ET

(24/7 MARKET NEWS) – Honeywell (NASDAQ:HON) and ESS Tech, Inc. (NYSE:GWH) announced this morning that they entered a strategic collaboration to advance technology development and market adoption of iron flow battery (IFB) energy storage systems, which includes a Honeywell investment in ESS as part of this collaboration.

ESS Tech is trading at $1.4701, up $0.0801 (+5.76%), on 220.8K premarket shares traded.

Its 52-week range is $0.75 to 5.04. It has some resistance points in the $1.50-1.60 range.

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