Contact

Charges filed against eZelleron’s Kühn

By

April 5, 2018

Image titel:

Sources:

Charges filed against eZelleron’s Kühn

In April 2016, eZelleron, a German startup, filed for bankruptcy protection (see H2-international, August 2016). Now, its former CEO, Sascha Kühn, was charged with violating accounting principles, committing fraud and deepening the company’s insolvency, the Dresdner Neueste Nachrichten newspaper has reported. Kühn left Germany for the United States to head kraftwerk Inc. and eZelleron Inc. based in Silicon Valley. He is alleged to have filed balance sheets too late and not petitioned the court for bankruptcy protection in due time, despite knowing about the impending liquidity shortage because of his position in the company. The prosecution further claimed that he had put intellectual property in the hands of his parents. Kühn disagreed, saying that those patents had only been used as collateral, but that they were still owned by the German business.

Kühn also said that he had reached an agreement with the trustee. Whether the many customers who crowdfunded the startup will ever get their chargers is anyone’s guess at this point. Kühn told the Bild, another German newspaper, that the devices “will definitely be put on the market, but there is no set timetable for their launch. First, we will need to find new investors.”

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Jul 22 2024

Port of Rotterdam turning green and blue

Europe’s largest port wants to become sustainable “How quickly can we implement the energy...
Jul 22 2024

Rotterdam establishes itself as an H2 hub

Impressive size and professionalism A completely different league to Hannover Messe or Hy-Fcell in...
Jul 22 2024

Wystrach name change

The lengthy process to rename the company Wystrach is slowly coming to an end. As the tank...
Jul 22 2024

Sufficient water in Brandenburg

Water resources in the German state of Brandenburg have long been the subject of much discussion,...
Jul 22 2024

Partnership is the new leadership

Chancellor Olaf Scholz visits Hydrogen + Fuel Cells Europe The atmosphere was good. Not ecstatic,...
Jul 17 2024

Enertrag builds near Magdeburg

Despite challenging times, there are still reports of new H2 projects going ahead. For example, in...
Jul 17 2024

Wissing signs Berlin declaration

E-fuels – irrespective of their disputed suitability for the car sector – will be essential for...
Jul 15 2024

Only a third of NIP projects approved

Interview with Elena Hof, Paul Karzel and Jörg Starr from CEP The Clean Energy Partnership or CEP...
Jul 15 2024

Switzerland’s largest H2 plant

Energy group Axpo and the company Rhiienergie have launched the first H2 production plant for...
Jul 15 2024

Why hydrogen stocks can fall even further

Max Deml’s stock analysis In the past, hydrogen was usually isolated from fossil fuels such as...
Jun 13 2024

H2 Bank Selects Seven Projects”

The European Commission is allocating nearly 720 million euros to seven projects for renewable...
Jun 13 2024

World’s one-of-a-kind H2 test lab

Electrolyzers on the test bench In Hydrogen Lab Bremerhaven, manufacturers and operators of...
Jun 13 2024

First commercial green hydrogen production

Solar Global operates electrolyzer plant in Czech Republic An electrolyzer in the town of...
Jun 12 2024

Hydrogen 3.0

“Are we on the cusp of a hydrogen revolution or merely witnessing the build-up of another bubble?”...
Jun 12 2024

Mechatronic H2 pressure regulator

Up until now, Italian company Landi Renzo has been mainly known for its conversion sets for gas...
Jun 11 2024

Establishment of a metrological infrastructure

Flow measurement of high-pressure gas and liquid hydrogen In the field of flow measurement, the...
Jun 11 2024

FRHY Stack, first of its kind!

Technology platform for high-rate electrolyzer production The cooperative FRHY project, which...
Jun 10 2024

HySupply – German-Australian hydrogen bridge

Acatech and BDI show what’s feasible Defossilizing the energy system is an important goal of the...
Jun 05 2024

In the beginning was the refueling station

Creating planning security through the development of H2 infrastructure We have long discussed the...
Jun 04 2024

Digital potential

Low-cost green hydrogen through digitalization Plans to expand Germany’s hydrogen landscape are...

3 Comments

  1. Arno A. Evers

    I still wonder, how it could be, that so many people believed in the nonsensical promises of Mr. K. for such a long time.
    That they were willing to pay their own money on that bet speaks not really for their foresight.
    Now I also wonder, which next hype will again be followed by too many.
    Although the one and only way is clear, which we all eventually have to go.
    Just listen to my words since 1995. Or read them.
    Thanks.
    https://www.youtube.com/watch?time_continue=2&v=SNIa6MQYLfs

    Reply
    • Chris

      Dear Arno A. Evers, it is normal that you take a risk in investing on a platform like KickStarter or IndieGoGo but that these platforms just transfers large sums of backers money without any garantees or product plan from the projectteams, is for me a riddle.

      I will never invest anything on kickstarter or IndieGoGo anymore just because these platforms are nothing more then only facilitating a bulletin board for the projects.

      So as long as I don’t see any garantees from either of these platforms or the projectteams products, I think crowd funding will be less and less popular.

      This has nothing to do with a hype or whatever just a platform taking the correct responsibilities for their backers.

    • arno A Evers

      yes, that`s true in Theory, thanks, Chris;
      but has not much to do with criminal intentions by the initiators who are using such money collection tools for their own benefit(s).

Leave a Reply

Discover more from H2-international

Subscribe now to keep reading and get access to the full archive.

Continue reading