{"id":813298,"date":"2025-02-14T06:12:52","date_gmt":"2025-02-14T11:12:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ess-announces-actions-to-position-the-company-for-the-future\/"},"modified":"2025-02-14T06:12:52","modified_gmt":"2025-02-14T11:12:52","slug":"ess-announces-actions-to-position-the-company-for-the-future","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ess-announces-actions-to-position-the-company-for-the-future\/","title":{"rendered":"ESS Announces Actions to Position the Company for the Future"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ESS Announces Actions to Position the Company for the Future<\/b><\/p>\n<p class=\"bwalignc\"><i>Kelly Goodman appointed interim CEO and Board Engages Financial Advisors<\/i><\/p>\n<p>WILSONVILLE, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nESS Tech, Inc. (ESS) (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marketwatch.com%2Finvesting%2Fstock%2Fgwh&amp;esheet=54206706&amp;newsitemid=20250214528929&amp;lan=en-US&amp;anchor=NYSE%3AGWH&amp;index=1&amp;md5=c2d09d802bd5c923fd9d4a629fb7dbab\">NYSE:GWH<\/a>), a leading manufacturer of iron flow long-duration energy storage (LDES) systems for utility- and commercial- scale applications, today announced changes with the intent to take the business in a new strategic direction:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nEric Dresselhuys has resigned from the role of CEO and as a member of the Board of Directors of the Company.<\/p>\n<\/li>\n<li>\nKelly Goodman, current Vice President of Legal, has been appointed interim CEO.<\/p>\n<\/li>\n<li>\nMs. Goodman will be supported by an Office of the Interim CEO, created to lead this effort. The Office of the Interim CEO will include Ms. Goodman, Tony Rabb, current CFO, and Ben Heng, current EVP of Engineering.<\/p>\n<\/li>\n<li>\nESS is now actively bidding on projects for daily cycling applications in the 12 to 24 hour long duration storage market \u2013 with initial installations targeted to commence in 2027 \u2013 to serve emerging AI\/data center driven load needs and to firm baseload renewable production.<\/p>\n<\/li>\n<li>\nThe Board has engaged advisors to evaluate potential commercial or financial transactions to enable this new strategic direction.<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cOn behalf of the Board, I thank Eric for his leadership at ESS, during which time ESS grew its market share for long duration storage, commercialized new product innovations, established an automated manufacturing line, and introduced new efficiencies into the Company\u2019s operations,\u201d said Harry Quarls, Chairman of the Board. \u201cAs we look to the next phase of ESS and the opportunities in the long duration storage market, we are confident that Kelly, Tony, and Ben will work to best position ESS to enter its next stage and maximize value for shareholders.\u201d<\/p>\n<p>\n&#8220;I am deeply honored to have served ESS the past several years, am proud of what we accomplished and the team we have built and remain confident that ESS can further extend its leadership in the LDES industry,\u201d said Mr. Dresselhuys.<\/p>\n<p>\n\u201cESS continues its work to accelerate manufacturing of energy storage technology made here in the United States, and we are excited about the new opportunities arising from AI and data center driven load growth,\u201d said Kelly Goodman, interim CEO of ESS. \u201cThis vision continues to inspire and drive the important work we do every day, and I am pleased to lead the ongoing efforts to provide safe, sustainable, long-duration energy storage.\u201d<\/p>\n<p><b>About Kelly Goodman<\/b><\/p>\n<p>\nKelly Goodman has nearly 20 years of experience in the energy legal sector both in the U.S. and internationally, supporting matters related to project development, technology agreements, and project and corporate financing. Ms. Goodman received her Bachelor of Arts from the University of Santa Clara and her law degree from the University of Washington.<\/p>\n<p><b>About ESS Tech, Inc.<\/b><\/p>\n<p>\nAt ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it\u2019s needed. As more renewable energy is added to the grid, long- duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining, and the wind is not blowing.<\/p>\n<p>\nOur technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.essinc.com&amp;esheet=54206706&amp;newsitemid=20250214528929&amp;lan=en-US&amp;anchor=www.essinc.com&amp;index=2&amp;md5=13a3796b7d84e4af91005da0afdc8cfb\">www.essinc.com<\/a>.<\/p>\n<p>\nThis communication contains certain forward-looking statements, including statements regarding ESS and its management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future. The words \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cintends\u201d, \u201cmay\u201d, \u201cmight\u201d, \u201cplan\u201d, \u201cpossible\u201d, \u201cpotential\u201d, \u201cpredict\u201d, \u201cproject\u201d, \u201cshould\u201d, \u201cwill\u201d and \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements include, among others, statements regarding the Company\u2019s leadership team, expectations regarding future activities , the exploration of strategic alternatives and the installation of energy storage systems for applications in the 12 to 24 hour long duration storage market, which are currently at the RFP stage. These forward-looking statements are based on ESS\u2019 current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, the risk that we are unable to secure any contracts for, or derive any revenue from, the installation of energy storage systems for applications in the 12 to 24 hour long duration storage market, as well as those risks and uncertainties set forth in the section entitled \u201cRisk Factors\u201d in the Company\u2019s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2024, filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on November 14, 2024, and its other filings filed with the SEC. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n<p><b>Source: <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fessinc.com%2F&amp;esheet=54206706&amp;newsitemid=20250214528929&amp;lan=en-US&amp;anchor=ESS+Inc.&amp;index=3&amp;md5=453ab7958a6e766796f344fc95c14a91\"><b>ESS Inc.<\/b><\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250214528929r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250214528929\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250214528929\/en\/<\/a><\/span><\/p>\n<p>\nInvestors:<br \/>\n<br \/>Erik Bylin<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investors@essinc.com\">investors@essinc.com<\/a><\/p>\n<p>\nMedia:<br \/>\n<br \/>Morgan Pitts<br \/>\n<br \/>503.568.0755<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:morgan.pitts@essinc.com\">morgan.pitts@essinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Oregon<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Public Relations\/Investor Relations Other Energy Utilities Communications Software Alternative Energy Energy Data Management Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250214528929\/en\/2382360\/3\/ESS_logo-newtagline-rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ESS Announces Actions to Position the Company for the Future Kelly Goodman appointed interim CEO and Board Engages Financial Advisors WILSONVILLE, Ore.&#8211;(BUSINESS WIRE)&#8211; ESS Tech, Inc. (ESS) (NYSE:GWH), a leading manufacturer of iron flow long-duration energy storage (LDES) systems for utility- and commercial- scale applications, today announced changes with the intent to take the business in a new strategic direction: Eric Dresselhuys has resigned from the role of CEO and as a member of the Board of Directors of the Company. Kelly Goodman, current Vice President of Legal, has been appointed interim CEO. Ms. Goodman will be supported by an Office of the Interim CEO, created to lead this effort. The Office of the Interim CEO will include Ms. Goodman, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ess-announces-actions-to-position-the-company-for-the-future\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ESS Announces Actions to Position the Company for the Future&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813298","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ESS Announces Actions to Position the Company for the Future - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ess-announces-actions-to-position-the-company-for-the-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESS Announces Actions to Position the Company for the Future - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ESS Announces Actions to Position the Company for the Future Kelly Goodman appointed interim CEO and Board Engages Financial Advisors WILSONVILLE, Ore.&#8211;(BUSINESS WIRE)&#8211; ESS Tech, Inc. (ESS) (NYSE:GWH), a leading manufacturer of iron flow long-duration energy storage (LDES) systems for utility- and commercial- scale applications, today announced changes with the intent to take the business in a new strategic direction: Eric Dresselhuys has resigned from the role of CEO and as a member of the Board of Directors of the Company. Kelly Goodman, current Vice President of Legal, has been appointed interim CEO. Ms. Goodman will be supported by an Office of the Interim CEO, created to lead this effort. 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(ESS) (NYSE:GWH), a leading manufacturer of iron flow long-duration energy storage (LDES) systems for utility- and commercial- scale applications, today announced changes with the intent to take the business in a new strategic direction: Eric Dresselhuys has resigned from the role of CEO and as a member of the Board of Directors of the Company. Kelly Goodman, current Vice President of Legal, has been appointed interim CEO. Ms. Goodman will be supported by an Office of the Interim CEO, created to lead this effort. 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