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Presenter says EXIM loan levels playing field as ESS plans to triple U.S. production

Public presentation · August 16, 2024
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Summary

A presenter described a long‑duration energy storage battery made in the U.S., said the Export-Import Bank of the United States (EXIM) loan helps "level the playing field," and stated ESS can triple production as roughly half its sales go overseas.

The presenter said the United States will need to "double the size of the electricity system just over the next decade," arguing there is a growing market for long‑duration energy storage.

The presenter described the product as "a long duration energy storage battery system" and said, "we make it all here in the U.S.," framing domestic manufacturing as central to the company’s competitive strategy. The presenter added, "We're going to manufacture in America. We're going to have good paying jobs."

The presenter highlighted the "Make More in America domestic finance initiative," calling it "indeed a game changer," and said support from the Export‑Import Bank of the United States (EXIM) helps U.S. firms compete abroad. "EXIM's mission is simple and plain, and that is to support U.S. jobs that support U.S. exports," the presenter said, adding that the EXIM loan helps "make the playing field a little more level."

On export and capacity plans, the presenter said the company ships "about half of our business overseas" and stated, "ESS can now triple its production facility," indicating a planned or enabled expansion in manufacturing capacity. "By building it here, we can grow the industry here," the presenter said, adding that these steps will make "American manufacturers more competitive in the global arena."

The transcript records statements of intent, financial support, and production plans but does not record formal votes, contract awards, or independent verification of the numerical claims. No further procedural actions or formal approvals are recorded in the provided transcript.