ESS Tech shares surge 10.53% intraday after appointing industry veteran Jigish Trivedi as COO to drive growth.

ESS Tech surged 10.53% intraday following the announcement of appointing Jigish Trivedi, an industry veteran, as Chief Operating Officer to drive the company’s next phase of growth. The appointment, disclosed 1 hour prior to the stock’s intraday rally, signals strategic leadership strengthening amid ongoing operational and financial challenges. Recent developments, including a $31 million insider-led funding package in July 2025 and a $25 million equity purchase agreement, had previously stabilized the firm, but the COO hire directly addresses execution capacity for its strategic shift. The timing aligns with investor focus on management credibility as ESS Tech navigates capital constraints and pursues long-duration energy storage projects. No conflicting news was reported during the trading period.