Silverstone energy storage firm enters administration
Flybrid, the Northants-based developer of high-power flywheel energy storage systems, has entered administration.
The firm was placed into administration after its parent company, Torotrak - which is also in administration - failed to find additional funding for the company. The firm is also blaming thr rise of electric cars for its demise.
Daniel Smith and Clare Boardman of Deloitte has been appointed joint administrators.
The core Flybrid technology relates to design, development, manufacture and control of high-speed flywh... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
