@GT55
Alevo went into receivership as they ran out of money, nothing more sinister or alarming, I also did my DD.
Aspiring Battery Innovator and Developer Alevo Files for Chapter 11 Bankruptcy | Greentech Media
Alevo was targeting the frequency regulation application, in which batteries provide and absorb electricity on a second-by-second basis to keep grid frequencies stable. PJM's frequency regulation market remains the largest storage market in the U.S., but rule changes this yeardecimated that market signal.
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