By [email protected] After four months in limbo, saltwater battery maker Aquion is back in business.
Juline-Titans LLC acquired the bankrupt Aquion at auction for $9.16 million on June 20. That price beat out a stalking horse bid of $2.8 million from Austrian energy storage firm BlueSky Energy. Aquion announced a resumption of operations July 21.
The good news: this non-toxic, long duration alternative to lithium-ion technology has another shot at scaling up sales.
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