Here’s the latest sign that the next-generation battery business is just really tough for startups: On Friday and over the weekend local Illinois media reported that Peoria, Illinois-based battery startup Firefly Energy has stopped operating. Specifically The Peoria Journal Star reported on Friday that Firefly Energy had filed for Chapter 7 bankruptcy, and that the city of Peoria and Peoria County plan to follow legal action to recover $6 million in government loans that they gave the startup in 2007 (the Associated Press also reported the story).On Saturday the Peoria Journal Star also reported that while Firefly Energy is clearly not operating anymore, there is some confusion about whether the company has officially filed for bankruptcy yet. Regardless of the details of the bankruptcy, Firefly Energy, which was developing cutting-edge lead-acid battery technology based on carbon graphite foam for commercial and military electric vehicles, just couldn’t make the economics work..
Solar Guppy wrote: »
You think company's can't go bad or go after grant/stimulus money without a viable product?
russ wrote: »
Check out what Paul Gipe has to say about this type of turbine at www.wind-works.org
Anytime the most important information a site makes available about their turbine concerns subsidies and incentives you can damn well bet that is all they have to offer.
russ wrote: »
An example of small turbines and the crazy claims. This is for the Wind Scorpion - The quote is from Paul Gipe - At 5 mph, the web site claims the Hornet will produce 640% of the power available in the wind; at 12 mph, 117%; at 22 mph, 49%; at 28 mph, 35%. The Hornet's performance at 22 mph and 28 mph would make it one of the most efficient small wind turbines ever built--even exceeding the aggressive performance advertised for the Air 403 of 31%. The Hornet's performance at 5 mph and 12 mph is clearly impossible according to our understanding of physical laws governing the power available in the wind.