In a series of tweets, short-selling firm Grizzly Research stated: "Caught Red-Handed: We Present Evidence that ESS Tech Inc.’s Biggest Customer is Really an Undisclosed Related Party Without Operations… The market for long-duration battery storage is highly competitive and technically challenging. We argue $GWH claims about its technology are overstated and targeted at creating investor hype for laypeople regarding the field of battery engineering… On August 11, 2022, $GWH announced a "breakthrough partnership" under which $GWH will initially supply 70 of its Energy Warehouse systems to an Australian company, Energy Storage Industries Asia Pacific "ESI"… Our research uncovers ESI is a de-facto subsidiary of $GWH masquerading as third-party client. ESI changed its name in February 2022 and shared a near-identical logo with $GWH until this change." Reference Link
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