ESS Tech appoints Jigish Trivedi as chief operating officer

WILSONVILLE, Ore. - ESS Tech, Inc. (NYSE:GWH), a manufacturer of iron flow long-duration energy storage systems, announced Wednesday the appointment of Jigish Trivedi as Chief Operating Officer. According to InvestingPro data, the company operates with a market capitalization of $23.41 million and maintains a stronger cash position than debt on its balance sheet.

Trivedi brings over 30 years of executive experience in scaling operations for technology companies. He previously served as Senior Vice President of Operations and Global Supply Chain at Electric Hydrogen, where he helped grow the company from 10 to more than 350 employees. His career also includes leadership roles at First Solar and Micron Technology.

"I am excited to join ESS at such a pivotal moment in its journey," Trivedi said in a statement.

Kelly Goodman, Interim Chief Executive Officer at ESS, stated that Trivedi’s experience in the energy and semiconductor sectors, combined with his ability to build scalable operations, aligns with the company’s strategic focus on its Energy Base product.

ESS Tech develops energy storage solutions using iron, salt, and water to deliver systems capable of providing over 10 hours of energy capacity for commercial and utility-scale applications.

The announcement comes as the company continues its efforts to scale operations and deliver its energy storage products to customers globally, according to the press release statement.

In other recent news, ESS Tech, Inc. reported steady revenue for the first quarter of 2025, maintaining its position in the energy storage sector. The company has been actively engaging with potential investors and has successfully secured $31 million in funding from various sources to strengthen its cash position. This funding package includes short-term loans, a production tax credit transaction, an equipment sale-leaseback transaction, and a Standby Equity Purchase Agreement for selling common equity over three years. Despite these financial maneuvers, ESS Tech has warned of a potential shutdown due to ongoing financing difficulties, and it has issued notices under the WARN Act indicating a possible closure of its Wilsonville site.

The company is also in contract negotiations with a major U.S. utility and continues to explore options to sustain its operations. Interim CEO Kelly Goodman expressed satisfaction with the recent capital acquisition, highlighting the company’s focus on delivering its scalable Energy Base solution. Analysts from various firms have been closely monitoring these developments, noting the company’s efforts to secure orders and execute its revised business strategy. ESS Tech remains committed to addressing the growing demand for electricity and enhancing grid resilience through its long-duration energy storage solutions.

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