ESS Tech Files for Chapter 7 Bankruptcy and Ceases Operations
ESS Tech filed for Chapter 7 bankruptcy and terminated all employees and officers without cause. The iron flow battery company said it took the action after considering available strategic alternatives.
ESS Tech, Inc. announced it has filed for Chapter 7 bankruptcy and terminated all employees and officers without cause. The company, which specialized in iron flow battery technology, took this action after considering all available strategic alternatives. ESS Tech had previously been delisted from the New York Stock Exchange in early October 2026 and had been trading over the counter.
The company's investors included SoftBank Group, and it was valued at approximately $1.1 billion at the time of its 2021 merger with ACON S2 Acquisition Corp.