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Oxis Faces Bankruptcy A Month After Announcing 450 Wh/kg Cells


Oxis Faces Bankruptcy A Month After Announcing 450 Wh/kg Cells
May 27, 2021 at 8:47am ET
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Deliveries of Quasi Solid-State lithium-sulfur batteries were promised to start in Autumn 2021.
OXIS Energy announced recently that soon it will start delivering its Quasi Solid-State lithium-sulfur (Li-S) batteries to customers for trial applications, proof of concept and demo systems.
Those batteries were promised to offer energy densities of 450 Wh/kg and 550 Wh/L (potentially suitable for electric aircrafts). However, according to
Electrive, the company is thin on cash and faces bankruptcy due to a lack of new investments.
As the British accountancy firm BDO LLP, which says it has been appointed to wind up Oxis Energy Limited, writes in a statement obtained by our editors, the majority of the 60 staff employed at the headquarters and other sites in Oxfordshire and South Wales have been made redundant. Simon Girli ....

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