VRB Power terminates most of staff, calls outlook grim
Tuesday, November 18th, 2008VRB Power’s vanadium flow-battery technology might have held potential as a utility-scale energy storage system, but in the end the Vancouver-based company has failed to execute and is on the road to insolvency. The company released a press release this afternoon announcing that it has been unsuccessful in seeking a merger, sale or some kind of financing that can keep the company afloat. (more…)
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca