insolvency

FuelCell Energy – roller coaster ride on the stock exchange

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If you hold this HZwei issue in your hands, we will know how FuelCell Energy will continue - whether it will continue: Chapter 11 (US insolvency) or reorganisation.
Giant stack from FuelCell Energy, © FuelCell Energy

If you hold this H2-international issue in your hands, we will know how FuelCell Energy will continue – whether it will continue: Chapter 11 (US insolvency) or reorganisation. What has happened? Enormous amounts of shares were traded daily by FuelCell Energy – on some days up to 150 million (computer arbitrage programs?). These were felt more than there actually are (reason: Conversion of preference shares). The interim price gain resembled an explosion, as there were even short-term prices of 1.00 US-$, while the price days before was still 0.13 US-$ (all, of course, under the aspect of the 12:1 reverse split).

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Charges filed against eZelleron’s Kühn

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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

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No More OTTI

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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.

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FC heating devices are on the market

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Senertec-Dachs-InnoGen
The Dachs InnoGen from Senertec

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

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