Honeywell Bets on Energy Storage Startup ESS Tech as Renewables Boom

Industrial giant Honeywell invests in energy storage startup ESS Tech
Honeywell's investment sent ESS Tech's stock price soaring on Monday
ESS Tech develops long-duration battery storage for renewable energy
Honeywell sees growth potential in energy storage as renewables expand
Partnership combines Honeywell's industrial expertise with ESS Tech's battery tech

barrons.com

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9/22/2023

Biden Administration Invests $325 Million in Long-Duration Battery Projects to Store Renewable Energy

The US Energy Department is investing $325 million in new battery technologies to enable the storage of solar and wind energy for extended periods, providing 24-hour power and increasing reliability and affordability.