At the start of June, Kolibri Power began operating under the name Colibri Energy. Via a management buyout effectively a company reorganization former board members, Helmuth von Grolman and James Astorian took the energy storage manufacturer over. They are now acting as managing partners, with the majority of the previous company investors remaining involved. The workforce has also been kept on.
Kolibri was forced to file for insolvency after considerable due diligence breaches by then management member, Mirko Hannemann, which led to massive financial damages. The company filed a criminal complaint against Hannemann. According to reports, the financial loss was between 2 million and 5 million.
Colibri reports that despite the ongoing insolvency proceedings, new products are being marketed and existing orders processed, including a 200 kWh battery system for a transport vehicle in Hamburg.
The Germany-based company is not only involved in large energy storage solutions, but also in stationery and small mobile applications. In the past week, it has developed a 1 kWh/48 volt battery. Colibri is further looking to expand its Middle Eastern operations, and is planning to make more deliveries to the region.
Translated by Becky Beetz
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.