Aquion Energy Files for Banruptcy

[ajm8127]

The saltwater battery maker is reducing its workforce by 80%.

http://blog.aquionenergy.com/aquion-energy-inc.-files-voluntary-petition-under-chapter-11-to-target-a-sale-of-assets

http://powersource.post-gazette.com/powersource/companies/2017/03/14/Aquion-Energy-bankruptcy-Taxpayers-line-up-for-money-from-once-promising-battery-maker/stories/201703140045

Sounds like they took a good bit of money in the form of government grants that the state of Pennsylvania may be looking to recover.

It really seemed like a good technology. Their datasheets claim 3000 cycles at 100%depth of discharge. The batteries also seemed relatively safe from a hazardous material and volatility standpoint.

As a native of Pittsburgh it's twice as disappointing.

[bazza]

One of many. In my opinion, Redflow is headed in the same direction.