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Key Supplier to One of the World’s Largest Batteries Goes Bankrupt

Summary by The Epoch Times
The key supplier for several major battery projects in Australia, including the Waratah Super Battery, has gone bankrupt amid challenging business conditions in the renewable sector. Powin, a battery energy storage system company in Oregon, has filed for Chapter 11 bankruptcy at a court in New Jersey, the United States. The company specialises in designing, developing, and deploying utility-scale energy storage solutions that support grid stabil…

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One of the world's largest car suppliers has applied for insolvency proceedings under Chapter 11 in the USA. However, this does not affect the ongoing operation.

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Renew Economy broke the news in on Monday, June 16, 2025.
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