2 ms·
ESS should not be mentioned except as an example of how prone the green news cycle is to fraud. As I detailed last year, their claims are highly dubious: https
by scythe 3y ago
ESS should not be mentioned except as an example of how prone the green news cycle is to fraud. As I detailed last year, their claims are highly dubious:
https://news.ycombinator.com/item?id=31430227 https://news.ycombinator.com/item?id=31430227
(previously I misspelled the last name of Sri Narayanan as "Narayan", for which I belatedly apologize)
And that prediction was substantiated when they were subject to a class-action shareholder lawsuit in February involving a fabricated customer which was actually a subsidiary:
https://www.bloomberg.com/press-releases/2023-03-10/the-law-offices-of-frank-r-cruz-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ess-tech-inc-gwh https://www.bloomberg.com/press-releases/2023-03-10/the-law-...
The other shoe has yet to drop, but I suggest that any battery company without publications should be considered with appropriate salinity.