Girişimci Kafası archive

Energy and climate

Energy and climate: the closure stories and lessons of 26 startups.

Startups1,744
Known capital burned$78.6 billion
Average lifespan10.4 years
Most common causeRan out of cash
Countries81
Biggest lossNorthvolt ($14 billion)
Former unicorns97 ($401.4 billion)

26 startups

Closed2015 – 2026

Ascend Elements

It turned spent batteries into new cathode material until grants, demand and prices all moved against it

UnicornUnited States$900 millionRan out of cash
Closed2004 – 2025

Danimer Scientific

Danimer made biodegradable plastic from bacteria: from a USD 4.9 billion stock boom to a USD 19 million sale

UnicornUnited StatesRan out of cash
Closed2016 – 2025

Li-Cycle

Battery recycling's rising star ran out of cash at the Rochester plant it could never finish

UnicornCanadaRan out of cash
Closed2015 – 2025

Northvolt

The Swedish manufacturer that aimed to become Europe's electric-vehicle battery giant

UnicornSweden$14 billionProduct problems
Closed2012 – 2025

Sunnova Energy

A Houston company that financed rooftop solar: Chapter 11 with USD 8.9 billion of debt

UnicornUnited StatesRan out of cash
Closed2019 – 2023

Britishvolt

The start-up that set out to build an electric-vehicle battery gigafactory in the north of England

UnicornUnited Kingdom$250 millionRan out of cash
Closed2013 – 2022

Bulb Energy

Britain's fast-growing green energy supplier: rescued by the state after the 2021 gas shock

United KingdomMacroeconomic crisis
Closed2010 – 2015

QBotix

The solar tracking system that turned panels with robots running on rails, and never found its footing

United States$24.5 millionLost to competitors
Closed2005 – 2011

Solyndra

An energy start-up backed by a federal loan guarantee that made cylindrical thin-film solar panels

UnicornUnited States$198 millionLost to competitors
Closed2014 – 2026

Morrow Batteries

Norwegian company

Norway
Closed2000 – 2021

npower

UK-based electricity generator and supplier of gas and electricity

United Kingdom
Closed1998 – 2019

Nitol Solar

Russian company involved in Solar energy

Russia
Closed2012 – 2019

Philadelphia Energy Solutions

Energy and climate

United States
Closed2005 – 2017

Cobalt International Energy

Energy and climate

United States
Closed2007 – 2016

Solar Euromed

Concentrated solar power technology

France
Closed2006 – 2016

SolarCity

American provider of energy services

United States
Closed2001 – 2014

HelioVolt

Solar energy company

United States
Closed1998 – 2014

Pelamis Wave Power

Scottish wave technology company

United Kingdom
Closed1997 – 2014

Roc Oil Company

Based in Sydney, Australia

Australia
Closed2007 – 2014

Virgin Green Fund

Renewable energy investment firm

United Kingdom
Closed2003 – 2014

WIRCON Group

International solar energy provider

Germany
Closed2002 – 2013

Nanosolar

Developer of solar power technology based in San Jose, CA

United States
Closed1993 – 2012

Petroplus

Company

Switzerland
Closed2006 – 2011

Kyoto Energy

Renewable energy company

Kenya
Closed2006 – 2011

Range Fuels

Energy and climate

United States
Closed1998 – 2011

Solar Millennium

Company

Germany

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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.