Small-scale energy storage manufacturer Electriq Power filed for Chapter 7 bankruptcy on May 3, 2024, and has now engaged with Moecker Auctions to liquidate over $18 million in assets.
Electriq Power was founded in Silicon Valley in 2014. Last year, the manufacturer merged with publicly traded acquisition company TLGA.
Items to be auctioned include extensive lithium-ion battery lines, solar panels, proprietary software and other intellectual property. Bids are being accepted for a bulk purchase of all assets and by product line.
My, (hope) here is the company’s assets stay within U.S. borders and are absorbed by the likes of companies like GENERAC, Briggs & Stratton, ELM Microgrid or some entity that has firm financials moving forward.