Davin News Server

From: AlleyCat <katt@gmail.com>
Newsgroups: alt.global-warming,alt.fan.rush-limbaugh,can.politics,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Shades of Solyndra And The Same Aftermath from Greed
Date: Sat, 20 Apr 2024 08:52:40 -0500
Organization: AlleyCat Computing, Inc.


Another EV company bites the dust. How many others will follow before 
governments wake up to reality?

https://thedriven.io/2024/04/19/australia-ev-fast-charging-tritium-says-it-is-
insolvent-appoints-administrators

=====

Tritium Files For Insolvency And Is On The Lookout For A Buyer

https://www.electrive.com/2024/04/19/tritium-files-for-insolvency-and-is-on-
the-lookout-for-a-buyer/

1 day ago - The Australian fast charging station manufacturer Tritium is 
insolvent. Self-appointed administrators and insolvency administrators 
appointed by creditors have taken control and begun the search for lenders and 
buyers. The company writes in a notification to the US Securities and Exchange 
Commission that Tritium DCFC and three of its Australian ...

=====

"Not Enough Capital:" EV Fast Charger Pioneer Tritium Collapses ...

https://reneweconomy.com.au/ev-fast-charger-pioneer-tritium-calls-in-
administrators-after-declaring-itself-to-be-insolvent/

2 days ago - The troubled Australian electric vehicle fast charging company 
Tritium has collapsed after its directors declared it to be insolvent, 
voluntary administrators were appointed and its lenders called ...

=====

"Sad Day:" EV Fast-Charging Company Tritium Says It Is Insolvent ...

https://thedriven.io/2024/04/19/australia-ev-fast-charging-tritium-says-it-is-
insolvent-appoints-administrators/

1 day ago - Source Tritium. The troubled Australian electric vehicle fast 
charging company Tritium is facing financial collapse after its directors 
declared it to be insolvent, calling in voluntary administrators while its 
lenders also appointed a receiver to take control of the assets and seek 
buyers. In a statement issued overnight to the NASDAQ stock ...

=====

Tritium Shares Plunge 66% On Insolvency Disclosure

https://www.marketwatch.com/story/tritium-shares-plunge-66-on-insolvency-
disclosure-9afa6f7b

1 day ago - Shares of Tritium DCFC fell sharply in early trading Friday after 
the company reported it was insolvent or likely to become insolvent. The stock 
was down 64% to $1.33 in premarket trading. Shares ...

=====

Australian EV Charging Manufacturer Tritium Goes Into Administration - MSN

https://www.msn.com/en-au/money/news/australian-ev-charging-manufacturer-
tritium-goes-into-administration/ar-AA1nhfqX

A ustralian electric vehicle (EV) charging equipment manufacturer Tritium, 
which had pivoted to the US market, has declared itself insolvent. Troubled 
Tritium, in a filing on April 18, 2024 with ...

=====

Tritium, Facing Insolvency, Seeks Buyer For Assets - Evmagz

https://evmagz.com/tritium-facing-insolvency-seeks-buyer-for-assets/

Today - Tritium, the Australian fast charging station manufacturer, has found 
itself in financial distress, leading to the appointment of self-appointed 
administrators and insolvency administrators by creditors. The company, which 
has its headquarters in Australia but is listed on the Nasdaq in the USA, made 
a notification to the US Securities and Exchange Commission (SEC) stating that 
Tritium DCFC ...

=====

EV Fast Charger Pioneer Tritium Calls In Administrators After Declaring ...

https://acapmag.com.au/2024/04/ev-fast-charger-pioneer-tritium-calls-in-
administrators-after-declaring-itself-to-be-insolvent/

1 day ago - The troubled Australian electric vehicle fast charging company 
Tritium is facing financial collapse after its directors declared it to be 
insolvent and called in KPMG to act as voluntary administrators. A statement 
issued overnight to the Nasdaq stock exchange in New York, where it has been 
struggling to retain its listing because of a collapsing share

=====

Unicorn Dehorned: Nasdaq-Listed Brisbane EV Charging Venture Tritium ...

https://www.startupdaily.net/topic/business/unicorn-dehorned-nasdaq-listed-
brisbane-ev-charging-venture-tritium-collapses-into-receivership/

1 day ago - Tritium chargers are sold throughout the USA, Europe and Asia 
Pacific region, with around 13,000 chargers sold into 47 countries. Its most 
notable client was film director James Cameron, with Tritium supplying the 
battery management system for his Australian-made "Deepsea Challenger" 
submersible, which descended to the bottom of the Mariana ...

=====

Tritium DCFC Plunges In Pre-Market After Disclosure Of Insolvency

https://www.rttnews.com/3440163/tritium-dcfc-plunges-in-pre-market-after-
disclosure-of-insolvency.aspx

1 day ago - Shares of Tritium DCFC Limited were down more than 64 percent in 
pre-market on Friday to $1.2959, after the company said in a filing that 
Tritium DCFC and its three Australian units are insolvent or likely to be 
insolvent.Tritium DCFC designs and manufactures hardware and software to create 
DC fast chargers for electric vehicles. In a filing with the Securities and 
Exchange Commission, the ...

=====

EV Charging Firm Tritium Faces Insolvency, Appoints Administrators

https://esdnews.com.au/ev-charging-firm-tritium-faces-insolvency-appoints-
administrators/

April 19, 2024. Australian electric vehicle (EV) charging company Tritium is 
facing insolvency and has appointed KPMG as voluntary administrator. Tritium 
gets $40m capital to boost EV charger production. Founded in 2001, Tritium 
designs and manufactures proprietary hardware and software to create

============================================================================

1.	Evergreen Solar ($25 million)*
2.	SpectraWatt ($500,000)*
3.	Solyndra ($535 million)*
4.	Beacon Power ($43 million)*
5.	Nevada Geothermal ($98.5 million)
6.	SunPower ($1.2 billion)
7.	First Solar ($1.46 billion)
8.	Babcock and Brown ($178 million)
9.	EnerDel's subsidiary Ener1 ($118.5 million)*
10.	Amonix ($5.9 million)
11.	Fisker Automotive ($529 million)
12.	Abound Solar ($400 million)*
13.	A123 Systems ($279 million)*
14.	Willard and Kelsey Solar Group ($700,981)*
15.	Johnson Controls ($299 million)
16.	Brightsource ($1.6 billion)
17.	ECOtality ($126.2 million)
18.	Raser Technologies ($33 million)*
19.	Energy Conversion Devices ($13.3 million)*
20.	Mountain Plaza, Inc. ($2 million)*
21.	Olsen's Crop Service and Mills Acquisition Company ($10m)*
22.	Range Fuels ($80 million)*
23.	Thompson River Power ($6.5 million)*
24.	Stirling Energy Systems ($7 million)*
25.	Azure Dynamics ($5.4 million)*
26.	GreenVolts ($500,000)
27.	Vestas ($50 million)
28.	LG Chem's subsidiary Compact Power ($151 million)
29.	Nordic Windpower ($16 million)*
30.	Navistar ($39 million)
31.	Satcon ($3 million)*
32.	Konarka Technologies Inc. ($20 million)*
33.	Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.