Green Graveyard: ReVolt Technology Bites the Dust

Bringing the number of tombstones in Heritage’s Green Graveyard to 20 is ReVolt Technology, a Portland-based company, which specialized in developing zinc-air flow battery systems.

ReVolt earned its place in the Graveyard when it declared bankruptcy, despite the fact it had been offered a whopping $10 million in funds from federal, state, and local governments. The Advanced Research Projects Agency – Energy offered a $5 million grant in 2010. Oregon matched the federal government’s promise with $5 million worth of loans.

Read more at The Foundry