Recently, Nilar, a Swedish energy storage battery company, declared the company "bankrupt".
Sweden-based Nilar International AB has filed for bankruptcy and has appointed Lars Nylund, a lawyer at Advokatfirman Fylgia, as trustee for the bankruptcy.
"The trustees are continuing the operation of the company with the aim of finding a new owner for the business," it said on its website. "The trustees hope to find a solution in January 2024." According to
the data, Nilar International AB was established in 2012 and listed on Nasdaq, mainly engaged in the production and manufacture of nickel-hydrogen batteries. The company claims that the battery has higher safety and better performance, and can be recycled and reused. Moreover, Nilar's energy storage battery is part of the fixed energy storage system, which is mainly used in the field of electric energy storage. Nilar believes that as the proportion of renewable energy increases, energy storage facilities can alleviate the imbalance between energy production and demand and provide support for the increasingly tense power grid. Nilar focuses on European and Nordic countries, mainly serving customers of energy storage system integrators, and its revenue mainly includes sales of batteries and related battery management systems. Nilar
is understood to have submitted an updated business plan, new operational and financial targets and information on the review of the company's financing plan on August 11, 2023. The document States that the company needs a large amount of financing in the next few years to achieve the goals set out in the business plan. And work together to establish long-term financing solutions to improve the company's financial position. In late November, Nilar gave an update on its financial position, saying that it was in "great need of financing in the coming years to achieve the objectives set out in the business plan". The company also said it is evaluating a strategic partnership or potential sale.
(Translation of Digital New Energy DataBM. Com)
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