The court of The Hague grants ‘suspension of payments’ to member company Ampyx Power.
Airborne Wind Europe learned recently of the decision of the court of The Hague to grant ‘suspension of payments’ to member company Ampyx Power. The court has appointed a trustee to investigate options and find new investors. Founded in 2008, Ampyx has been a key player in the development of airborne wind energy systems (AWES). While Ampyx successfully, and repeatedly, demonstrated the technical viability of its systems, the deployment of new technologies is notoriously complex and costly, and such setbacks...
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