ESS Appoints Industry Veteran Jigish Trivedi as Chief Operating Officer to Drive Next Phase of Growth
'We are thrilled to welcome Jigish to the ESS executive team,' said Kelly Goodman, Interim Chief Executive Officer. 'His extensive experience in the energy and semiconductor sectors, combined with a proven ability to build world-class, scalable operations, is precisely what ESS needs as we execute on our strategic pivot to the Energy Base. Jigish's leadership will be invaluable in driving operational excellence across the organization.'
Mr. Trivedi joins ESS from Electric Hydrogen, where as Senior Vice President of Operations and Global Supply Chain, he helped scale the company from 10 to over 350 employees and was instrumental to its rise to 'unicorn' status. His career also includes senior leadership roles at First Solar and Micron Technology, where he led initiatives across operations, product development, and global supply chain management.
'I am excited to join ESS at such a pivotal moment in its journey,' said Jigish. 'The company's mission to enable the clean energy transition with innovative long-duration storage solutions is incredibly compelling. I look forward to working with the entire team to build a robust operational foundation and product that will support our rapid growth and deliver for our customers worldwide.'
About ESS Tech, Inc.
At ESS (NYSE: GWH), we deliver safe, sustainable, long-duration energy storage to ensure energy abundance and security. As energy demand continues to grow, our solutions provide essential reliability and resilience to people, communities, and businesses in the United States and throughout the world. Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing 10+ 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 www.essinc.com.
This release contains certain forward-looking statements, including statements regarding the Company and its management team's expectations, hopes, beliefs, intentions or strategies regarding the future. The words 'anticipate', 'believe', 'continue', 'could', 'estimate', 'expect', 'intends', 'may', 'might', 'plan', 'possible', 'potential', 'predict', 'project', 'should', 'will' and 'would' 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's productization, manufacturing and delivery of the Energy Base and operational scaling. These forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company and involve a number of risks, uncertainties (some of which are beyond the Company's 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, delays, disruptions, or quality control problems in the Company's manufacturing operations; issues related to the development and launch of the Energy Base product; failure to raise additional capital on acceptable terms or at all; and other risks and uncertainties described more fully in the section titled 'Risk Factors' in the Company's Quarterly Report on Form 10-Q filed on May 15, 2025, and the Company's other filings with the U.S. Securities and Exchange Commission. Except as required by law, the Company is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
First Eagle Investments Announces Closing of Majority Investment by Genstar Capital
Firm enters a new phase in its evolution while preserving its independence and investment-led culture NEW YORK, August 18, 2025--(BUSINESS WIRE)--First Eagle Investments ("First Eagle"), an independent, privately owned investment management firm, today announced the closing of a majority investment in the company by private equity funds managed by Genstar Capital ("Genstar"), a leading private equity firm focused on targeted segments of the financial services, software, healthcare and industrials sectors. First announced in March, the deal bolsters First Eagle's ongoing strategy of investing in its core business while also thoughtfully expanding the range of high-quality, differentiated investment solutions available to clients globally. With approximately $161 billion in assets under management as of June 30, 2025, First Eagle manages equity, fixed income, alternative credit and multi-asset strategies grounded in a benchmark-agnostic, downside-aware approach. "This is an exciting moment for First Eagle," said Mehdi Mahmud, President and Chief Executive Officer. "Genstar's partnership will accelerate the pace at which we expand our investment capabilities and client reach, both organically and through acquisitions, without compromising our independence and autonomy. Our commitment to client outcomes remains undivided, and we expect this new dynamic will enhance the value we are able to deliver to them." "We've long admired First Eagle's thoughtful approach to building enduring client relationships," said Tony Salewski, Managing Partner of Genstar Capital. "As majority investor, we're excited to support Mehdi and the team as they build on that foundation—scaling the firm's strengths, pursuing thoughtful growth, and continuing to meet the evolving needs of investors with clarity and conviction." The closing also marks the successful exit of previous majority owners Blackstone and Corsair, which first invested in First Eagle in 2015. Over nearly a decade of partnership, First Eagle broadly diversified its product suite—most notably through the acquisition of alternative credit capabilities—and expanded its distribution footprint across institutional and wealth channels. First Eagle's leadership will continue to oversee the firm's day-to-day operations and set its strategic direction, with the philosophy and culture of its investment teams unchanged. First Eagle's leadership team has retained a meaningful ownership stake in the firm, underscoring its ongoing commitment to the company's success as it enters its next phase of growth alongside Genstar. About First Eagle Investments First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $161 billion in assets under management as of June 30, 2025. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle strives to help clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles. The firm's investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information, please visit About Genstar Capital Genstar Capital ( is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries. With the investment from Genstar, First Eagle joins a portfolio of leading platforms within the investment management ecosystem, including ACA Group, Apex Group, Ascensus, Cerity Partners, Cetera Financial Group, Docupace, Mercer Advisors, Numerix, Orion and others. About Blackstone Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram. About Corsair Corsair is a specialist investment firm offering opportunities for investors and solutions for companies across its private markets Buyouts and Infrastructure businesses. The firm's buyouts business is a financial services investor focused on making control investments in three verticals: Payments, Software, and Business Services. The infrastructure business operates as a strategic partnership with Investcorp as of December 2023. Investcorp Corsair focuses primarily on value-add opportunities in transportation, logistics, and associated infrastructure subsectors, blending operating platforms and deep sectoral expertise with equity sponsorship. Corsair has invested $13.6 billion in capital across buyouts and infrastructure since inception. For more information, please visit and follow us on LinkedIn. View source version on Contacts First Eagle InvestmentsPholida Genstar CapitalFGS GlobalGenstarCapital@ BlackstoneMatt CorsairProsek PartnersTrevor Gibbons/Ryan Smithpro-corsair@
Yahoo
5 minutes ago
- Yahoo
AI could deliver $920B in annual net benefits to S&P 500 firms
-- Artificial intelligence could generate annual net benefits of roughly $920 billion for S&P 500 companies, according to Morgan Stanley (NYSE:MS). The bank said in a note Monday that its analysis points to '$13-16 trillion in long-term market value creation potential for the S&P 500' driven by AI adoption. The report highlights that '90% of occupations will to some degree be impacted by AI automation and augmentation,' with the potential benefits coming from both cost reductions and productivity gains. Morgan Stanley noted that agentic AI, essentially software-based applications, will likely have 'a broader impact on jobs relative to embodied AI,' with greater scope for augmentation rather than outright replacement. Sector exposure is said to vary widely. The bank found that Consumer Staples Distribution/Retail, Real Estate Management & Development, and Transportation could each see savings above 100% of estimated 2026 pretax earnings. Health Care Equipment & Services was also flagged as a major beneficiary. By contrast, Technology Hardware & Equipment and Semiconductors show relatively muted effects. Morgan Stanley emphasised that the value creation potential, equal to 24-29% of current S&P 500 market capitalisation, is 'fundamentally bullish for AI enablers and adopters.' It added that the return on the roughly $3 trillion in expected global AI capex through 2028 in areas such as data centres and chips 'is attractive.' While the $920 billion figure represents a full-adoption scenario that may take years to achieve, the bank argued that the long-term opportunity is likely far larger. 'AI adoption market value creation potential, beyond the confines of the S&P 500, is likely to be multiples of the $13-16 trillion,' Morgan Stanley said. Related articles AI could deliver $920B in annual net benefits to S&P 500 firms Madrigal stock falls after Novo Nordisk's Wegovy wins FDA approval for MASH Evercore ISI initiates tactical calls on BJ's, Target and Lowe's ahead of earnings
Yahoo
5 minutes ago
- Yahoo
Should You Consider Adding Taseko Mines (TGB) to Your Portfolio?
Diamond Hill Capital, an investment management company, released its 'Small-Mid Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q2, the market surged uniformly for the rest of the quarter following a sharp decline in April due to President Trump's 'Liberation Day' tariffs announcement. The portfolio returned 5.60% (gross) and 5.37% (net) compared to an 8.59% return for the Russell 2500 Index. For more information on the fund's top picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, Diamond Hill Small-Mid Cap Fund highlighted stocks such as Taseko Mines Limited (NYSE:TGB). Taseko Mines Limited (NYSE:TGB) is a mining company that operates mineral properties. The one-month return of Taseko Mines Limited (NYSE:TGB) was 0.93%, and its shares gained 43.42% of their value over the last 52 weeks. On August 15, 2025, Taseko Mines Limited (NYSE:TGB) stock closed at $3.27 per share, with a market capitalization of $1.039 billion. Diamond Hill Small-Mid Cap Fund stated the following regarding Taseko Mines Limited (NYSE:TGB) in its second quarter 2025 investor letter: "Despite markets' relatively sharp bounce following April's downward volatility, we were able to initiate several new positions in the quarter at what we consider compelling valuations: Generac Holdings, Alaska Air Group, Knife River Corporation, Taseko Mines Limited (NYSE:TGB), Century Communities and FTI Consulting. Aerial view of the Yellowhead copper project, the scale of the landscape revealed. Taseko Mines Limited (NYSE:TGB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Taseko Mines Limited (NYSE:TGB) at the end of the first quarter, which was 12 in the previous quarter. While we acknowledge the potential of Taseko Mines Limited (NYSE:TGB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Taseko Mines Limited (NYSE:TGB) and shared the list of best gold penny stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
