ESS Tech Q1 revenue $0.6M; awards 50 MWh Energy Base; proposals $400M; managing liquidity

ESS Tech, Inc.

2025-Q1 EPS reported -$1.50 revenue$599,000

Revenue of $0.6M for Q1 2025 from final Energy Center deliveries and Florida utility project.
Awarded 50 MWh Energy Base project with Arizona utility; PPA structure with confirmed offtaker; contracting expected by September.
Proposal submissions totaled ~1.2 GWh ($400M) over past two quarters; over 70% from Energy Base product.
Interim CEO cites moderating H1 activity to manage liquidity; capital raising measures and turnaround pivot underway.
Global fleet nearing 2.5 GWh transacted; two Portland General Electric systems cycling daily, transacting 158 MWh.

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