How Can You Stop Batteries From Catching Fire? Perhaps by Adding Some Water
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Source: WSJ
Fire Risks of Lithium-Ion Batteries: Lithium-ion batteries can ignite and burn at extremely high temperatures, posing significant fire hazards, especially when clustered together for energy storage.
Innovative Solutions: To mitigate fire risks, some battery manufacturers are incorporating water into their battery designs.
Analyst Views on GWH
Wall Street analysts forecast GWH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GWH is 3.50 USD with a low forecast of 3.50 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.910
Low
3.50
Averages
3.50
High
3.50
Current: 1.910
Low
3.50
Averages
3.50
High
3.50
About GWH
ESS Tech, Inc. is a long-duration energy storage company specializing in iron flow battery technology. The Company designs and produces long-duration batteries using earth-abundant materials. Its batteries provide flexibility to grid operators and energy assurance for commercial and industrial customers. Its technology addresses energy delivery, duration, and cycle-life in a single battery platform that compares favorably to lithium-ion batteries. Using its iron flow battery technology, the Company is developing two products, such as the Energy Warehouse and Energy Center. Energy Center solutions are designed specifically for utilities, independent power producers (IPPs), and large commercial and industrial consumers. The Company’s batteries are non-flammable and non-toxic and can operate in a wide range of temperatures from -15 degrees Celsius (C) to 50 degrees C with minimal auxiliary loads.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
