Justin Clare

Colin Rusch

Corinne Blanchard

George Gianarikas

Ben Kallo

Thomas Boyes

- ESS Tech, Inc. (GWH) has closed a **$40 million financing transaction** with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, L.P.  **[1819438_af278408957e4da9aadfbe8554a0a659_0]** 
- The transaction provides **$30 million of immediate capital**, with an additional **$10 million available** upon execution of an at-the-market sales agreement.  **[1819438_af278408957e4da9aadfbe8554a0a659_0]** 
- Structured as a **one-year promissory note**, this financing strengthens the company's cash position and supports its strategic pivot to the U.S.-manufactured Energy Base.  **[1819438_af278408957e4da9aadfbe8554a0a659_0]** 
- This funding follows recent milestones, including securing landmark customer agreements such as the **50 MWh New Horizon project** for Salt River Project.  **[1819438_af278408957e4da9aadfbe8554a0a659_0]**

ESS Tech (GWH)