Long Duration Energy Storage Systems for a Cleaner Future
Transaction Overview
Category Catalyst in Long Duration Energy Storage Solutions
ESS
■ Founded in 2011 to enable the stable, decentralized
and decarbonized power grid of the future
Offering Size ▪ACON S2 (NASDAQ: STWO): a special purpose
acquisition company
▪$250 million cash in trust
Leadership
ESS INC
Valuation
-
PIPE size of $250 million
$1,072 million pro forma enterprise value
Capital
Structure
Investors
ESS' Key
and Partners
■ Attractive value, high-growth, genuinely sustainable
business
■ ESS shareholders rolling 100% of equity
$465 million net proceeds (assuming no redemptions)
Fully funded to projected cash flow profitability
O-BASF
evergy
ventures
Sad Rep
Breakthrough
Energy VENTURES
SB Energy
ptt
(
PANGAEA
VENTURES LTD.
Note For additional information, please refer to the Detailed Transaction Overview on p. 36 of this presentation.
Craig Evans
President & Founder
Eric Dresselhuys
CEO
(March 2021)
Julia Song
CTO & Founder
Adam Kriger
CEO & Director
ACONS2
RUESSINC
Amir Moftakhar
CFO
John Roush
CFO & Chairman
Alan Greenshields
ACON Advisor
CONFIDENTIAL | 3View entire presentation