UK net-zero airline goes bust before take-off
EcoJet Airlines, the Scottish start-up promoted as the world’s first zero-emission regional carrier, has collapsed into voluntary liquidation without ever operating…
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‘Green’ stocks plummet to lowest levels in years
The S&P Global Clean Energy Transition Index, a key benchmark for clean-energy companies, has dropped by 16 per cent over the past year, despite the so-called "green"…
Another hyped ‘green’ sustainable energy company files for restructuring
Danish electrolyser manufacturer Green Hydrogen Systems has announced a plan to file a petition for court restructuring because it could not secure sufficient funding…
Troubled EU poster child Northvolt has liabilities more than twice as large as assets
Swedish battery developer and manufacturer Northvolt has made massive losses since bankruptcy talks began.
Swedish debt collectors begins seizures at doomed green-tech Northvolt
'Green' darling Northvolt faced seizures by the Swedish Enforcement Authority, Kronofogden, the country's debt collector, over unpaid bills.
EC to pump a further €1bn into ‘green’ battery tech despite Northvolt implosion
The European Commission has announced it will be pumping more cash into electric vehicle battery technology despite losing hundreds of millions on the now-bankrupt…
Key EU green deal project entirely reliant on debt and China, Swedish expert warns
Rather than being an independent green innovator, Northvolt uses old Chinese technology, with 20-year-old equipment that was already out of date when put in place.
EU and Japan reach new tech deal, irking China
Japan and the European Union have agreed a new deal aimed at boosting both countries' technology sectors amid growing hostilities between China and the West.