Harry Quarls Joins ESS Board of Directors as Chairman
29 Agosto 2023 - 3:00PM
Business Wire
Energy industry veteran to further accelerate
growth
ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of
long-duration energy storage (LDES) for commercial and
utility-scale applications, today announced Harry Quarls has joined
the ESS Board of Directors as Chairman. Michael Niggli, the ESS
Founding Board Chairman, will remain on the board to assist with
this transition and continue providing insights from his four
decades as a utility executive.
With over 40 years of energy experience, Mr. Quarls brings
considerable strategic, financial, transactional, and energy
investing experience to ESS as the company continues to scale to
meet global demand for LDES. Over his long and storied career,
Quarls served as a Managing Director at Global Infrastructure
Partners, leading their efforts in North American energy midstream
investments, and as Managing Director and practice leader for
Global Energy as well as a member of the board of directors at Booz
& Company.
“We are thrilled to bring someone of Harry’s stature to the
board of ESS,” said Niggli. “The company is making strong progress
and delivering the energy storage products that customers need.
Adding Harry to the team will prove invaluable as we continue to
expand our capacity and scale to achieve the full market potential
of our patented, safe and cost-effective long duration storage
solutions.”
“Harry’s long career advising and leading successful, growing
companies spans many pivotal transformations in the energy sector,”
said Eric Dresselhuys, CEO of ESS. “Today, the industry is once
again at a pivotal moment, and long-duration energy storage
represents one of the most important growth opportunities in the
global transition to clean energy. I look forward to Harry’s
strategic thinking, global partnering and experience growing
successful energy and infrastructure businesses as ESS scales to
meet global demand.”
“The transition to new, cleaner forms of energy is already
underway. As it accelerates in coming years, it is clear that the
switch to renewable energy sources will require large volumes of
long-duration energy storage to deliver the reliable, clean energy
the world demands,” said Quarls. “ESS is perfectly positioned to
meet this demand with proprietary technology that is readily
scalable and which leverages flexible, accessible supply chains. I
am excited to join ESS during this period of growth to drive
world-class shareholder value.”
Mr. Quarls currently serves as chairman of the board for CHC
Helicopter, Key Energy Services, and Mesquite Energy. He is also a
Director at Seadrill and has served on the boards of a number of
private and public companies. Mr. Quarls holds BS/ScM degrees in
Chemical Engineering from Tulane University and MIT, respectively,
and an M.B.A. from the Stanford Graduate School of Business.
About ESS
At ESS (NYSE: GWH), our mission is to accelerate global
decarbonization by providing safe, sustainable, long-duration
energy storage that powers people, communities and businesses with
clean, renewable energy anytime and anywhere it’s needed. As more
renewable energy is added to the grid, long-duration energy storage
is essential to providing the reliability and resiliency we need
when the sun is not shining, and the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to
deliver environmentally safe solutions capable of providing up to
12 hours of flexible energy capacity for commercial and
utility-scale energy storage applications. Established in 2011, ESS
Inc. enables project developers, independent power producers,
utilities and other large energy users to deploy reliable,
sustainable long-duration energy storage solutions. For more
information visit www.essinc.com.
Forward-Looking Statements
This communication contains certain forward-looking statements
regarding ESS and its management team’s expectations, hopes,
beliefs, or intentions regarding the future. The words “estimate”,
“expect”, “will” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Examples of
forward-looking statements include, among others, statements
regarding the service of a new director, the Company’s ability to
scale manufacturing capacity, achieve growth and implement cost
strategies, and the potential customer base. These forward-looking
statements are based on ESS’ current expectations and beliefs
concerning future developments. Many factors could cause actual
future events to differ materially from such expectations,
including, but not limited to, continuing supply chain issues;
delays, disruptions, or quality control problems in the Company’s
manufacturing operations; the Company’s ability to hire, train and
retain an adequate number of manufacturing employees; issues
related to customer acceptance of the Company’s products; as well
as those risks and uncertainties set forth in the section entitled
“Risk Factors” in the Company’s Quarterly Report on Form 10-Q for
the six months ended June 30, 2023, filed with the Securities and
Exchange Commission (the “SEC”) on August 8, 2023, and its other
filings filed with the SEC. Except as required by law, ESS is not
undertaking any obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230829472585/en/
Investors: Erik Bylin Investors@essinc.com
Media: Morgan Pitts 503.568.0755 morgan.pitts@essinc.com
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