They require companies that play in the energy field to make a concerted effort to help shape the rules of the game by ushering in the necessary policy changes. Second Chance at Success . The good news is that Aquion gets a second chance at success. Juline-Titans LLC acquired the bankrupt company for a little over $9 million in late June of 2017.
Customer ServiceAzelio, a Swedish startup that aimed to supply thermal storage technology to long-duration energy storage applications, filed for bankruptcy last month. It''s the most recent sign that the fledgling long-duration energy storage
Customer Service"Northvolt''s liquidity picture has become dire," the company said in its Chapter 11 petition, filed in U.S. Bankruptcy Court in Houston. The company, which has operations in California, has about
Customer ServiceNet-zero power – Long duration energy storage for a renewable grid, a report by LDED Council and McKinsey and Company, 2021. Register for the Sales Process 2024. Technical Concept . Simple, clever and durable: The technical concept of Gravity Storage uses the gravitational power of a huge mass of rock. It will store electricity of large capacity between 0,5 and 10 GWh and
Customer ServiceSolarmax, manufacturer of inverters and battery storage, is insolvent. The company is based in Burgau, Bavaria. Known for innovative storage solutions and solar technologies. The bankruptcy raises questions about the future of the company. Particularly affected: customers and partners in Germany. What happens now with existing guarantees
Customer ServiceThis June''s Intersolar Europe exhibition in Munich was the first stop for many Chinese energy storage companies aspiring to go global. According to the exhibition organizers, about 900 of the 3,008 exhibitors this year were from China. Applications for next year''s exhibition started a month ago, and the number of Chinese companies registered for 2025 has doubled
Customer ServiceThe collapse of Denmark''s Better Energy A/S, a once-hyped solar park developer, is sending repercussions through the Nordic country''s financial system and
Customer ServiceEuropean battery company Northvolt has filed for Chapter 11 ''reorganisation'' bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the business.
Customer Service"Northvolt''s liquidity picture has become dire," the company said in its Chapter 11 petition, filed in U.S. Bankruptcy Court in Houston. The company, which has operations in California, has about
Customer ServiceA statement by company CFO Nora Murphy in a filing from June 2024 with the bankruptcy court of Delaware court explained how the company ended up financial difficulties. The company had been doing well in demonstrating its product development until 2022, raising nearly US$150 million in equity .
Customer ServiceSince the beginning of 2021, 31 energy companies have ceased trading due to soaring wholesale gas prices, leaving over two million customers dependent on t Subscribe To Newsletters Trump Tracker
Customer ServiceSmall-scale energy storage manufacturer Electriq Power filed for Chapter 7 bankruptcy on May 3, 2024, and has now engaged with Moecker Auctions to liquidate over $18 million in assets. Electriq Power was founded in Silicon Valley in 2014. Last year, the manufacturer merged with publicly traded acquisition company TLGA.
Customer ServiceWhy Is It a Promising Energy Storage Company? The solution of LAVO is ready for the future of renewable energy storage. It is extremely durable, safe – as hydrogen is not stored as a gas but in a sponge like material – and the storage capacity is high (2–3 days of energy consumption of an average house). In addition, energy for domestic use is produced by solar panels and
Customer ServiceWhy do solar companies go bankrupt and leave orphaned systems? Our Australian consumer law is fascinating because it has some aspects that are unique to Australia. For example, a solar inverter manufacturer sold you a lesser-known cheaper inverter with a 10-year product warranty via an installer. But, unfortunately, after six years, the
Customer ServiceTorus, a manufacturer of energy storage and energy management devices, raised $67 million in equity and debt, the company tells Axios. Why it matters: The company plans to use the capital to pursue an
Customer ServiceSmall-scale energy storage manufacturer Electriq Power filed for Chapter 7 bankruptcy on May 3, 2024, and has now engaged with Moecker Auctions to liquidate over $18 million in assets. Electriq Power was founded in
Customer ServiceAs Bulb joins Green, Avro Energy and more small energy suppliers which have gone bust due to the impact of skyrocketing gas prices in the UK, here''s why gas and electricity suppliers are
Customer ServiceThe collapse of Denmark''s Better Energy A/S, a once-hyped solar park developer, is sending repercussions through the Nordic country''s financial system and bringing eerie reminders of the
Customer ServiceConsequently, the company filed for Chapter 11 bankruptcy protection, and its CEO, Peter Carlsson, stepped down. Volkswagen''s $1.4 billion stake (21%) in Northvolt has now lost more than half of its value, while Goldman Sachs, which holds a 19 percent stake, is set to incur a $900 million loss. Once considered Europe''s main contender to
Customer ServiceCorre Energy is supporting the transition to net-zero by developing and commercialising Long Duration Energy Storage projects and products. Corre Energy is a pan-European mass energy storage platform which aims to create 100% renewable Compressed Air Energy Storage throughout Europe.
Customer ServiceDistributed energy storage company Swell Energy is closing its doors, just six months after its acquisition of Renu Energy and its subsequent expansion into the Southeast''s
Customer ServiceAzelio, a Swedish startup that aimed to supply thermal storage technology to long-duration energy storage applications, filed for bankruptcy last month. It''s the most recent sign that the fledgling long-duration energy storage sector is overinvested and early to the party.
Customer ServiceIn the U.K., grid-scale storage system developer Camborne Energy Storage went into administration. Both firms ran aground after failing to secure cash to fund operations. Axion, of New...
Customer ServiceEuropean battery company Northvolt has filed for Chapter 11 ''reorganisation'' bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the
Customer ServiceIn the U.K., grid-scale storage system developer Camborne Energy Storage went into administration. Both firms ran aground after failing to secure cash to fund operations. Axion, of New...
Customer ServiceUS-based liquid metal battery firm Ambri''s Chapter 11 bankruptcy and recent sale of assets to a consortium of its lenders was covered by Energy-Storage.news last week. The
Customer ServiceDistributed energy storage company Swell Energy is closing its doors, just six months after its acquisition of Renu Energy and its subsequent expansion into the Southeast''s energy market. According to several former employees, the virtual power plant developer underwent a series of layoffs in the wake of that acquisition
Customer ServiceConsequently, the company filed for Chapter 11 bankruptcy protection, and its CEO, Peter Carlsson, stepped down. Volkswagen''s $1.4 billion stake (21%) in Northvolt has
Customer ServiceUS-based liquid metal battery firm Ambri''s Chapter 11 bankruptcy and recent sale of assets to a consortium of its lenders was covered by Energy-Storage.news last week. The firm''s technology is based around liquid calcium anodes and molten salt electrolyte.
Customer ServiceA statement by company CFO Nora Murphy in a filing from June 2024 with the bankruptcy court of Delaware court explained how the company ended up financial difficulties. The company had been doing well in
Customer ServiceA total of five have gone bankrupt, according to the House Committee on Energy and Commerce. All of the failed companies that the Committee identified came from just two programs that received significant dollar amounts from the Department of Energy. Those two programs funded 63 firms. The other 58 are still in business.
Nov 21 (Reuters) - Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.
In recent years several Swedish companies have opted for Chapter 11 bankruptcy protection filings, such as Scandinavian airline SAS and debt collector Intrum, a process that allows management to retain control over the company and run operations.
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