Does Honeywell own ESS Tech?

Permission granted by ESS, Inc. Honeywell has invested $27.5 million in long-duration energy storage provider ESS Tech, an initial strategic equity investment that is part of a broader collaboration to advance the development and market adoption of iron-flow battery energy storage.

What is Honeywell ESS?

Honeywell is Enabling the Energy Transition through Technology Breadth and Expertise As a global technology leader, the every-day mission of Honeywell ESS is creating future-forward solutions that change the way the world works. The inventors, chemists and engineers of Honeywell are continually pushing technological frontiers.

Who is Honeywell energy & sustainability solutions?

As a global technology leader, Honeywell Energy & Sustainability Solutions (ESS) enables the energy evolution, provides solutions that reduce emissions, and delivers innovative sustainable materials to our customers across industries.

Is Honeywell reselling ESS products?

Under this new partnership, Honeywell will also be buying and reselling ESS products as part of its broader offerings to the market, essentially “combining our long-duration energy storage solutions with their control software services offerings,” Eric Dresselhuys, CEO of ESS said during a webcast Monday.

Will ESS take control of Honeywell's intellectual property?

ESS expects that this will open up incremental market opportunities, segments and use cases for the company, Dresselhuys said. In addition, ESS will be taking control of Honeywell’s intellectual property related to flow batteries.

Who is Honeywell?

Honeywell has over 60 years of product and process knowledge in the performance additives market. Honeywell is a global leader in refrigerant technology, offering a wide range of products for refrigeration and A/C applications. Fueling innovation through high-quality research chemicals, from acetone to zinc.