Ess Tech, Inc. · NYSE:GWH
Ess Tech — ESS — SPAC Merger (June 2021)
10 slides from Ess Tech's SPAC merger presentation, Jun 9, 2021
Slide 1: Long Duration Energy Storage Systems: Energy Storage for a Cleaner Future
Filing pursuant to Rule 425 Filer: ACON S2 Acquisition Corp. Subject Company: ACON S2 Acquisition Corp. Registration No: 001-39525 Date: June 9, 2021 Long Duration Energy Storage Systems Energy Storage for for a Cleaner Future a Cleaner Future MAY 2021Filing pursuant to Rule 425 Filer: ACON S2 Acqui
Slide 2: Disclaimers
Disclaimers This presentation (this “Presentation”) was prepared for informational purposes only to assist interested parties in making their own evaluation of the proposed transaction (the “Transaction”) between Acon S2 Acquisition Corp. (“ACON”, “we”, or “our”) and ESS Inc. (“ESS”). This Presentat
Slide 3: Game Changing Technology: The Power Grid of the Future – Feasible Today
Game Changing Technology The Power Grid of the Future – Feasible Today STABLE. SECURE. CLEAN. 2 2Game Changing Technology The Power Grid of the Future – Feasible Today STABLE. SECURE. CLEAN. 2 2
Slide 4: One Technology – Two Products of Different Scale
One Technology – Two Products of Different Scale ™ ™ Energy Warehouse Energy Center § Behind the meter solution§ Front of the meter solution § 50kW – 90kW configurable range § Customizable configuration range § First commercial deployment in 2015 § Customer trials starting in 2021 § Generation II la
Slide 5: Stabilize the Grid and Accelerate Renewables
Stabilize the Grid and Accelerate Renewables 1 US Renewable Energy Penetration (2015-2050) 65% 57% 47% 40% 36% Renewable intermittency creates a 31% 23% massive problem for the grid, 15% particularly >25% penetration 2015 2020 2025 2030 2035 2040 2045 2050 1,2 California Duck Curve and % Renewable P
Slide 6: ESS Wins on Cost
ESS Wins on Cost 1 Illustrative Cost Comparison Versus Li-Ion How ESS’ Technology Delivers Superior Economics 4 hours 12 hours No scaling Competitive with Li-Ion at 4 hours; ESS wins thereafter $200/kWh $200/kWh Marginal cost of $20/kWh $200/kWh $80/kWh 2 Li-Ion LCOS at 4 hours vs. 12 hours Li-Ion $
Slide 7: Robust Intellectual Property Portfolio
Robust Intellectual Property Portfolio ESS Critical Technology ESS IP Portfolio (-) (+) Power Module Electrode Electrode Current Collector Proton Pump Pressure Plate Conductive Porous Separator Separator Electrolyte = Patent protected C CO ONF NFIID DE ENT NTIIAL AL 6Robust Intellectual Property Por
Slide 8: Transaction Overview
Transaction Overview Category Catalyst in Long Duration Energy Storage Solutions Leadership ESS Offering Size Valuation Capital Structure ESS’ Key Investors and Partners Adam Kriger John Roush Alan Greenshields CEO & Director CFO & Chairman ACON Advisor C CO ONF NFIID DE ENT NTIIAL AL 7Transaction O
Slide 9: ESS: A Category Defining Investment Opportunity
ESS: A Category Defining Investment Opportunity 1 Large and Fast-Growing TAM: ~$56bn by 2027 growing at a 33% CAGR 1 Simple Yet Revolutionary Technology: Iron, salt and water; strong patent portfolio 2 2 Compelling Value Proposition: Highest performance, lowest cost and most sustainable 3 3 Low Risk
Slide 10: Contact Us
Contact Us Investors@essinc.com www.essinc.com/investors C CO ONF NFIID DE ENT NTIIAL AL 9Contact Us Investors@essinc.com www.essinc.com/investors C CO ONF NFIID DE ENT NTIIAL AL 9