On October 9, Honeywell announced a strategic partnership with ESS Technologies (” ESS “) to advance technology development and market application of iron flow battery (IFB) energy storage systems. As part of the partnership, Honeywell will make an investment in ESS.

The partnership builds on each other’s research and development of energy storage systems, combining ESS’s unique market-leading iron flow battery design with Honeywell’s expertise in high-performance materials and energy systems.

The need for long-term storage technology is one of the compelling market opportunities in the energy transition, and the combination of Honeywell and ESS technology can accelerate carbon reduction in the industrial and commercial and utility sectors. “Our strategic partnership with ESS will enhance Honeywell’s ability to deliver integrated solutions to customers while working to advance long-term storage in all industries that require extensive storage.”

— Honeywell Characteristic Materials and Technologies Group

12004-102-01 VPS BOARD VER.C

Chief Growth Officer Bryan Glover

Today, we are building superior technology for the critical area of long-term energy storage. By combining ESS’s innovative technology and extensive hands-on experience with Honeywell’s storage and control systems expertise, we will be able to drive the clean energy transition and create value for our customers, shareholders and communities.”

— CEO, ESS

Eric Dresselhuys

Renewable energy

Honeywell and ESS are working together to meet the growing global demand for long-term energy storage, driven by the rapid growth of renewable power generation. As countries around the world transition to zero-carbon energy, a large and rapidly growing market will emerge.

As the transition to renewable energy accelerates, the challenges posed by the intermittency of wind and solar are becoming more prominent. Safe and sustainable iron flow battery technology enables the transition to clean energy by harnessing the Earth’s abundant resources (iron, salt and water) to provide energy storage solutions that do not rely on limited reserves of minerals (such as lithium, cobalt or vanadium).