IM3NY: New York-Based Battery Maker Files for Bankruptcy Amid Financial Struggles
4 months ago
In a significant development for the renewable energy sector, IM3NY, a New York-based battery manufacturer, has filed for bankruptcy after succumbing to severe financial pressures. The company, which has been a key player in the battery production industry, announced on Friday that it had run out of cash and could no longer support its operational costs.
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Storage Takes Center Stage in China’s Green Energy Transition
8 months ago
China is reworking its green-energy strategy with a greater emphasis on energy storage as it tries to ensure the stability and reliability of supplies of renewable power. As the world's biggest emitter of carbon dioxide undertakes a shift toward cleaner sources of energy, the need for reliable means of energy storage has become key in the attainment of carbon neutrality by 2060.
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