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Peter Heintzelman

Alevo firms file for bankruptcy in US

Tue, 08/29/2017 - 12:27 -- News Editor
Alevo firms file for bankruptcy in US

Two US subsidiaries of Alevo, the Swiss-based grid-scale lithium-ion energy storage group, have filed for bankruptcy as a result of insufficient finance and production challenges.

Alevo USA Inc., and Alevo Manufacturing Inc., filed chapter 11 petitions on 18 August in the US Bankruptcy Court for the Middle District of North Carolina.

 

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