The Faraday Grid collapsed owing almost £6 million to electronics manufacturing giant Foxconn, as well as hundreds of thousands of pounds to PR agencies, IT vendors, travel agents and software companies.
The assets of defunct energy technology company The Faraday Grid are set to be acquired by Third Equation, an entity founded by ex-Faraday Grid chief executive Andrew Scobie, Current± understands.
Energy technology firm Faraday Grid has been plunged into administration after failing to find the funding needed to take it “to the next level”.
Energy technology firm Faraday Grid has bolstered its team with two new hires as it continues to target growth in international markets.
Energy tech firm Faraday Grid has received a £25 million investment from WeWork co-founder and chief exec Adam Neumann.
UK Power Networks is to be the first network operator in the UK to trial Faraday Grid’s “revolutionary” exchanger technology.
Liam Stoker talks to Andrew Scobie and Richard Dowling of the Faraday Grid to talk fixing a broken energy system, an internet-esque revolution at grid-level and what’s wrong with electric vehicles.