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
insolvency
No More OTTI
On May 31, 2017, the East-Bavarian Institute for Technology Transfer based in Regensburg, Germany, went out of business. Also known as OTTI, it filed for insolvency on Oct. 27, 2016, when it was on the verge of not being able to meet its financial obligations, and insolvency proceedings commenced on Feb. 1, 2017. No potential investor could be found and four decades of conference organizing came to an end this year.
FC heating devices are on the market
It’s a moment many have been long been waiting for: at the Hanover trade show, the companies of the Fuel Cells Initiative [Initiative Brennstoffzelle IBZ] presented many of the fuel cell heating devices which are currently available on the market. After the home energy providers showed off their products and services at the ISH in Frankfurt am Main in mid March 2015 with their own stands – an event which claims to be the biggest exhibition for energy-efficient heating and air conditioning technology in the world, in Hanover they shared a single shared booth. The Logapower BZH192iT from Buderus was on show there for the first time. SOLIDpower also made its debut at the IBZ. And Ceramic Fuel Cells (CFC) was