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26 Sep

Honeywell backs ESS Tech to advance iron flow battery systems

Honeywell has entered a strategic collaboration with ESS Tech to further develop iron flow battery (IFB) energy storage system technology. Both companies have been developing energy storage systems, and the partnership will give ESS access to Honeywell’s flow battery-related intellectual property, Kallanish notes. As part of the collaboration, Honeywell also invested $27.5 million into ESS common stock, buying each share at $1.67. IFB energy storage systems…
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Shannon Moyer  |  USA
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