More trouble for the Charlotte energy industry as utility-scale battery manufacture Alevo USA announced it will file for Charpter 11 bankutcy protection from creditors and laying off almost 330 people in Concord. Chief Financial Officer Peter Heintzelman said it was “a difficult, but necessary decision.” “This decision was driven by the formidable challenges of bringing a new technology into commercial production and lacking the financial wherewithal to continue on through repeated manufacturing…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/18/concord-battery-manufacturer-declaring-bankruptcy.html?ana=RSS%26s=article_search
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