Australia News

Key Supplier to One of the World’s Largest Batteries Goes Bankrupt

Akaysha Energy said it has backup plans to ensure the seamless deliver of its battery projects.
Key Supplier to One of the World’s Largest Batteries Goes Bankrupt
A general view of the battery storage system during the opening of the Hazelwood Battery Energy Storage System (BESS) in Morwell, Victoria of Australia on June 14, 2023. AAP Image/Diego Fedele
Alfred Bui
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The key supplier for several major battery projects in Australia, including the Waratah Super Battery, has gone bankrupt amid challenging business conditions in the renewable sector.

Powin, a battery energy storage system company in Oregon, has filed for Chapter 11 bankruptcy at a court in New Jersey, the United States.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].