Home Tag "BANKRUPTCY"

Back from the Brink, ViZn Turns to China for Flow Battery Commercialization

The Montana-based startup will license its unconventional storage technology to a Chinese industrial consortium under a new deal. Flow battery maker ViZn Energy bounced back from a near-bankruptcy experience last year to land a deal with a Chinese industrial consortium. Many companies have failed in the quest to commercialize technological alternatives to lithium-ion batteries, which […]

Two More Failed Firms in Storage: Axion Power and Camborne Energy Storage

Neither could find the cash to continue operations. This August brought the collapse of two emblematic energy storage firms. 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 Storage went into administration. Both firms ran aground after failing to secure cash […]