Oregon clean energy company files for bankruptcy, claiming more than $300 million in debt

Oregon clean energy company files for bankruptcy, claiming more than $300 million in debt

The Tualatin manufacturer has just 85 employees left, down from 500 at the start of the year.

Powin Files for Bankruptcy Amid $325M Crisis - USA Herald

The power behind millions of batteries used in global green energy projects is short-circuiting. Powin LLC, a key player in energy storage systems, filed for Chapter 11 bankruptcy Tuesday in New Jersey, reeling under $325 million in debt and citing a liquidity crisis that has become “untenable.” The Oregon-based company revealed a two-pronged survival plan: spin off its lucrative battery monitoring business into a standalone company, and put its…