In April 2016, eZelleron, a German startup, filed for bankruptcy protection (see H2-international, August 2016). Now, its former CEO, Sascha Kühn, was charged with violating accounting principles, committing fraud and deepening the company’s insolvency, the Dresdner Neueste Nachrichten newspaper has reported. Kühn left Germany for the United States to head kraftwerk Inc. and eZelleron Inc. based in Silicon Valley. He is alleged to have filed balance sheets too late
The takeover of Heliocentris by Odasco nearly a year ago was meant to save the ailing business, but it is now clear that the attempt at a turnaround has failed. When newly founded Odasco Heliocentris Europe filed for bankruptcy on Aug. 3, 2017, work at both company locations, Wendlingen and Munich, had already halted. Proceedings started Sept. 1 last year.
The most important trade show of the heating and sanitation industry, the ISH in Frankfurt, Germany, showed from March 14 through 18 this year what kind of heating systems are in demand these days. Fuel cells did not seem to play much of a role at the event. Only one of the big manufacturers of heating systems made news in this segment, and what for news: Vaillant is on its way out
Heliocentris Energy Solutions, which filed for bankruptcy in late 2016, will be no more, although its expertise will live on. The manufacturing and the education division were sold to different companies, but many employees who worked in Berlin lost their job.
As expected, German Heliocentris Energy Solutions filed for bankruptcy at the beginning of October 2016. After there had been a delay of several days before the required quarterly figures were finally published, an ad hoc notification was sent out on Oct. 11, 2016, saying that the management board of the Berlin-based fuel cell manufacturer would open bankruptcy proceedings before the Berlin-Charlottenburg municipal court for all group companies headquartered in Germany.
While some talk about the bankruptcy of start-up eZelleron from Dresden, Germany, others only say that the headquarters were relocated to the US. How much truth is to these rumors? First, what is certain is that the delivery of fuel cell device kraftwerk will be late, as bankruptcy proceedings for eZelleron GmbH began on April 18, 2016, at the local court in Dresden.