The expansion of the Skelleftea factory was intended to strengthen Northvolt''s production capacity and support the growing demand for batteries for EVs and energy storage
Learn More
The recent bankruptcy of the battery maker Northvolt is rattling companies counting on the Swedish firm as a customer or supplier. Some companies that were planning facilities to supply Northvolt with raw materials are now abandoning their projects or seeking new partners. About a week after the bankruptcy, the oil and gas firm Galp announced it would not
Learn More
The funding will enable the liquid air energy storage firm to start building its first large-scale project. Construction on the 50MW/300MWh long-duration energy storage (LDES) project will start immediately and begin
Learn More
US battery and energy storage system manufacturer Aquion Energy has declared bankruptcy, offloading 80% of its employees and reverting to its core R&D team, according to a company release. Suzanne Roski managing director at Virginia-based consulting firm Protiviti has been appointed the company''s chief restructuring officer. Energy Storage
Learn More
The company was a veteran of the energy storage industry, having been founded in 2003. bankruptcy; energy storage; 10.23.21 Fossil Fuels. What the Frack Is Happening With Natural Gas Prices
Learn More
Florida-based residential solar and energy efficiency installer Zeo Energy has acquired Lumio Holdings, Inc. On September 3, 2024, residential solar installer Lumio filed for Chapter 11 bankruptcy. The sale of Lumio to Zeo Energy closed on November 1, 2024.
Learn More
Highview Power, an energy storage pioneer, has secured a £300 million investment to develop the first large-scale liquid air energy storage (LAES) plant in the UK. Orrick advised private equity firm Mosaic Capital on the funding round, which international energy and services company Centrica and the UK Infrastructure Bank (UKIB) led, with participation from Rio Tinto, Goldman
Learn More
Dozens of companies have gone bankrupt or left California since the start of the “net billing tariff”, also known as “NEM 3”, in April 2023. In total, 17,000 jobs have been lost, sales are down 60%, and 81% of California solar companies remain concerned about
Learn More
Northvolt''s bankruptcy is part of an industry-wide reassessment of the demand for electric vehicle batteries. Companies like BASF and Umicore have pulled back on battery
Learn More
In July this year, it was announced that Redflow''s zinc-bromine battery technology – which was identified as the preferred energy storage technology for the Barona Band of Mission Indians'' 6.6 MWh long duration energy storage project – had formally received approval for $13.5 million in grant funding from the California Energy Commission (CEC).
Learn More
All contact with Ett Expansion AB will from now on be managed by the bankruptcy trustee, the company said on Oct. 8, 2024. Germany''s battery storage fleet surges to 19 GWh Last year, the number of newly installed residential battery energy storage systems in Germany fell slightly. In contrast, the capacity of large-scale storage systems
Learn More
SPI Energy, the global energy company that bought a list of contracts from bankrupt California solar installer PetersenDean, announced it has acquired the lease for the former Sunergy solar panel manufacturing plant in Sacramento, California, and expects to produce modules for the U.S. market by Q1 2022..
Learn More
Ambri, an energy storage aspirant with technology based on the research of MIT professor Donald Sadoway, declared bankruptcy in May. The long-in-the-tooth startup had raised more than $ 200 million for its calcium and antimony electrode-based battery cells from investors including Bill Gates, Paulson & Co., Khosla Ventures, and French energy giant
Learn More
Ice Energy filed for Chapter 7 bankruptcy in December, in a setback for small-scale thermal energy storage.. As lithium-ion batteries proliferated for grid storage, a small contingent of
Learn More
Founded in 2016 with the promise of loosening the stranglehold of Asian companies on battery manufacturing, Northvolt became the symbol first of Europe''s ambitions, and then its failings to find...
Learn More
European 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.
Learn More
The bankruptcy was probably foretold by the bill of materials." Investor Vinod Khosla has funded a number of energy storage companies including Pellion, LightSail, QuantumScape and Seeo. There are
Learn More
Beacon Power, LLC is an American limited liability company and wholly owned subsidiary of RGA Investments LLC. Founded in 1997 and headquartered in Tyngsboro, Massachusetts, it specializes in flywheel-based energy storage acon designs and develops products aimed at utility frequency regulation for power grid operations.. The storage systems are designed to
Learn More
Solarmax, a German inverter and battery storage systems specialist with more than 30 years of experience, is facing insolvency. Last week, a German district court opened
Learn More
A 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
Learn More
GE is known for its involvement in various energy storage projects, particularly when it comes to grid-scale battery storage solutions. It continues to be at the forefront of developing and deploying advanced energy storage technology and putting forward contributions to the energy storage space that underscore its leadership and influence. 8. AES
Learn More
Volvo Group has acquired the US battery pack company Proterra out of bankruptcy, while its power solutions arm Volvo Penta is providing its BESS sub-system for EV charging infrastructure solutions. Energy
Learn More
It claims the materials used in its battery are abundant and that the tech can cost-effectively serve long-duration energy storage (LDES) applications. According to filings with the US Bankruptcy Court for the District of Delaware, its decision to make the Chapter 11 declaration was taken at a special meeting of the company''s board on 3 May 2024.
Learn More
Last year, Shanghai Putailai New Energy Technology said it was considering a $1.4 billion Swedish graphite processing plant, but the company hasn''t secured permits for the project. Other
Learn More
Flywheel Energy Storage Lives On at Beacon Power. The company declared bankruptcy in 2011. In 2012, its assets, including a 20-megawatt energy storage plant in New York, were bought by private equity firm
Learn More
Image: Harmony Energy. The closure of UK battery storage specialist EPC and independent connection provider (ICP) firm G2 Energy has been confirmed by Companies House, with a senior manager describing “unsympathetic clients” in comments given to Energy-Storage.news and that the bulk of the team is joining outsourcing giant Mitie.
Learn More
Energy Vault has begun construction on a 293 MWh green hydrogen and battery storage facility within utility Pacific Gas & Electric''s service territory in northern California.
Learn More
US-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
Learn More
SunPower filed for Chapter 11 bankruptcy protection on Monday and is selling parts of its business to Complete Solaria for $45 million. The company''s assets and liabilities are believed to be between $1 billion and $10 billion. In July, SunPower put a stop to several key operations, including new product shipments, leases, and PPA sales.
Learn More
Case Study: NEM 3 in California: California''s Net Energy Metering (NEM) 3 policy is a prime example of policy impact. This policy revision reduced the net metering rates paid to solar consumers, extending the
Learn More
TECO 2030 has filed for bankruptcy of its subsidiary set up for its Norwegian gigascale hydrogen fuel cell plant.TECO 2030 Innovation Center AS was set up by the fuel cell firm to manage the development of its 1.2GW manufacturing facility in Narvik, which Energy Storage Energy Efficiency New Energy Vehicles Energy Economy Climate Change
Learn More
While the A123, the most well known energy storage company is staring at a liquidity drought and desperately trying to survive, another company Valance Technology operating in the same
Learn More
While the A123, the most well known energy storage company is staring at a liquidity drought and desperately trying to survive, another company Valance Technology operating in the same sector has filed for bankruptcy. Valence develops rechargeable batteries based on lithium ion and polymer technology, has suddenly declared bankruptcy unable to weather the severe industry
Learn More
Since 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
Learn More
In the U.S., lead-carbon battery maker Axion Power International filed for Chapter 7 bankruptcy. In the U.K., grid-scale storage system developer Camborne Energy
Learn More
In 2024, the energy storage sector saw a 5% increase in total investments, reaching $19.9 billion. However, a notable shift is evident with a decline in venture capital
Learn More
Small-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.
Learn More
The news coverage of energy storage company Beacon Power''s bankruptcy has focused on the $43 million loan it got from the same Department of Energy program that backed the bankrupt Solyndra.But
Learn MoreContact us for competitive quotes on any of our inverters, PCS systems, and energy storage solutions
Get a Quote