Patrick Schorn announced his transition to Executive Chairman effective September 1, 2025, with Bruno Morand succeeding as CEO, marking a significant leadership change.
The leadership change is positioned as a move to accelerate company momentum, with Bruno Morand bringing 20 years of offshore drilling experience.
Patrick Schorn emphasized the importance of leadership continuity, with the founder remaining on the board and new independent directors joining.
The transition aims to leverage Bruno Morand’s operational and strategic expertise to unlock new growth avenues amid evolving market dynamics.
Management highlighted that this leadership shift is part of a long-term succession plan developed with the Board of Directors.
The leadership change is expected to bring a fresh perspective to the company's strategic execution and market positioning.
Strategic Pivot to Long-Duration Energy Storage and Market Focus
ESS has shifted its strategic focus towards long-duration energy storage solutions, emphasizing the Energy Base product as a core growth driver.
The company highlighted the limitations of short-duration storage and lithium-ion technologies, positioning itself as a leader in scalable, safe, and sustainable long-duration storage.
Management noted a significant increase in market demand, with proposal activity exceeding 1.1 gigawatt hours since the Energy Base launch in February.
The company’s relationships with Tier 1 customers and utilities are foundational to its long-term growth strategy in the evolving energy transition market.
ESS’s pivot includes a focus on building a commercial pipeline with a growing number of RFPs and strategic partnerships, signaling a shift from project-based to pipeline-based revenue.
The company aims to convert commercial momentum into multiyear agreements, targeting revenue growth starting in 2026.
Dafinchi