bankruptcy

Two Cleantech Companies File for Chapter 11 in the Same Week

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cleantech

This Week in Batteries: Sifting Through Two Big Bankruptcies GTM², March 15, 2017 The past week was a tough one for cleantech. We had a double feature of bankruptcies — saltwater battery maker Aquion and top-five residential solar installer Sungevity. With so much destruction around us, it needs to be said: This doesn’t mean the whole sector is … Read more

A Third of Oil Companies Could Go Bankrupt This Year

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oil companies

Ryan Pollin for Zondits, February 24, 2016. Image credit: jp26jp That is the bombshell conclusion of auditing firm Deloitte’s recent report. After examining 500 publicly traded oil companies, Deloitte declared about 175 of them to be at high risk of bankruptcy due to large amounts of debt – collectively they are more than $150 billion dollars … Read more