I must confess I was surprised at this news. I wrote not so long ago of a pending bloodbath in the energy storage market, but I expected that more in the Lithium space, Hot on the news of the 'restructure' and change of focus at Leclanche it shows volatility and risk in the market.  This news also shows the difficulty of taking a company through the valley of death from funding to commercial solvency.  I fully expect the company to be acquired as a going concern, or at the very least for the IP to be taken on. 

Energy storage now accounts for over 60% of our business, we're confident of our clients and the sector as a whole, but much like my previous 10 years in Solar, it's going to be a challenging ride.