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Just saw ESS Tech's CEO eric dresselhuys stepping down and they're bringing in Kelly Goodman as interim CEO. Pretty big shift for the company. They're going all-in on long-duration energy storage now, focusing on those 12-24 hour cycling systems. Makes sense given the whole AI data center boom and renewable energy stabilization needs.
Their first installations are slated for 2027, so they're banking on that energy storage wave. Stock closed up 5.37% to $5.49 yesterday on the announcement, which is interesting. New leadership team includes CFO Tony Rabb and engineering head Ben Heng backing Goodman up. Wonder if this signals a major pivot in their tech roadmap or just a leadership refresh. Either way, the timing feels right for the energy storage market.