Xtreme Power

Type: Company
Name: Xtreme Power
First reported 13 hours ago - Updated 12 hours ago - 1 reports

Horizon Technology Finance Provides Investment Portfolio Update for Second Quarter 2014

FARMINGTON, CT -- (Marketwired) -- 07/09/14 -- Horizon Technology Finance Corp"During the second quarter, we continued to experience positive demand for our loan products," said Gerald A. Michaud, President of Horizon. "As we efficiently deployed capital ... [Published BusinessWeek - 13 hours ago]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Solar and Smart Grid Success Depend on Grid Storage

Two recent announcements in the power distribution arena indicate that the quickly changing mix of electric power generation is going to affect the producers, customers, and everyone in between.Regulations move marketsThe U.S. Energy Information Administration ... [Published PluginEurope.com - Jul 01 2014]
First reported Jun 27 2014 - Updated Jun 27 2014 - 1 reports

Cleantech: Xtreme Power is re-energized

Two of Austin’s most high-profile clean technology companies had a tough time of it this year, but one has a potential path to prosperity.For starters, I reported this month that a German company acquired the assets of Kyle-based Xtreme Power Inc. earlier ... [Published Los Angeles Business - Jun 27 2014]
First reported Jun 19 2014 - Updated Jun 19 2014 - 2 reports

German company paid $14M for Xtreme Power assets, filing shows

The German company that acquired the assets Xtreme Power Inc. earlier this year paid $14 million for the Kyle-based company... ... [Published Market Pulse Navigator - Jun 19 2014]
First reported Jun 18 2014 - Updated Jun 18 2014 - 1 reports

Hawaii’s Solar Conundrum: Can Energy Storage Save the Day?

Hawaii’s lead utility Hawaiian Electric (HECO) and other utilities in the islands have found that solar photovoltaics installations have grown far faster than their isolated grids can adapt to the intermittent flood of peak time energy. With an electricity ... [Published Renewable Energy World - Jun 18 2014]
First reported Jun 17 2014 - Updated Jun 17 2014 - 1 reports

Xtreme Power buyer adds 25 jobs to once-ailing company

The German company that bought the assets of Xtreme Power Inc. has hired 25 workers for the Kyle-based business since the April acquisition.Younicos Inc., a division of Younicos AG, added the workers in addition to the 80 Xtreme Power employees already ... [Published Business First of Buffalo - Jun 17 2014]
First reported Jun 16 2014 - Updated Jun 16 2014 - 3 reports

Xtreme Power’s assets sold to German company

The assets of Kyle-based energy storage company Xtreme Power Inc. have been purchased by Younicos Inc., a Germany-based grid battery and energy management company.The assets were purchased through a Chapter 11 bankruptcy auction, Younicos said. Financial ... [Published Austin American Statesman - Jun 16 2014]
First reported Jun 12 2014 - Updated Jun 12 2014 - 1 reports

Defining the Operating System for Grid Energy Storage

The future for grid-scale energy storage startups isn’t in building the batteries that go into them; it’s in writing the software that makes them work at scale.San Francisco-based Greensmith and Berlin-based Younicos were both founded on this premise, ... [Published The Energy Collective - Jun 12 2014]
First reported Jun 11 2014 - Updated Jun 11 2014 - 1 reports

Tamble named Smithville city manager

Former Smithville City Council member Robert Tamble will see the word “interim” struck from his city manager title following recent action taken by council members.The council on Monday night voted unanimously to officially hire Tamble, who had been serving ... [Published Austin American Statesman - Jun 11 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 1 reports

Horizon Technology Finance Announces Successful Exit of Xtreme Power Investment

FARMINGTON, CT--(Marketwired - Apr 14, 2014) - Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies ... [Published Marketwire - Breaking News Releases - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 3 reports

Younicos Completes Strategic Acquisition of Xtreme Power Assets

BERLIN & KYLE, Texas--(EON: Enhanced Online News)--Younicos acquires strategic Xtreme Power Assets, retains core teams. Cross Atlantic acquisition elevates Berlin-based company to global leadership position for large scale energy storage solutions ... [Published EON Energy - Apr 14 2014]
First reported Jan 23 2014 - Updated Jan 23 2014 - 3 reports

After ambitious plans, Xtreme Power runs out of cash, files for bankruptcy

A startup with ambitious plans to build large battery banks next to solar and wind farms across the world, has now run out of cash and has filed for bankruptcy . Xtreme Power, founded in 2006 and based in Kyle, Texas, is also using the bankruptcy ... [Published Earth2Tech - Jan 23 2014]

Quotes

"During the second quarter, we continued to experience positive demand for our loan products," said Gerald A Michaud, President of Horizon. "As we efficiently deployed capital into high-quality earning assets during the quarter, we also profited from liquidity events in six portfolio companies. The liquidity events consisted of gains from warrants in two portfolio companies, and receipt of five loan prepayments, including prepayments from two portfolio companies whose loans were on non-accrual. Our performance during the quarter should drive favorable results as we remain focused on making high yielding loan investments and monetizing our warrant portfolio."
"There are very few people in the industry that have the level and years of specialized expertise Michael bring to GELI" said Dr. Ryan Wartena

More Content

All (32) | News (18) | Reports (0) | Blogs (10) | Audio/Video (0) | Fact Sheets (0) | Press Releases (3)
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Horizon Technology Finance Provides Investment ... [Published Digital Journal - 12 hours ago]
Horizon Technology Finance Provides Investment ... [Published BusinessWeek - 13 hours ago]
Horizon Technology Finance Provides Investment ... [Published eTeligis - 13 hours ago]
Solar and Smart Grid Success Depend on Grid Sto... [Published PluginEurope.com - Jul 01 2014]
Cleantech: Xtreme Power is re-energized [Published Los Angeles Business - Jun 27 2014]
German company paid $14M for Xtreme Power asset... [Published Market Pulse Navigator - Jun 19 2014]
German company paid $14M for Xtreme Power asset... [Published Business First of Buffalo - Jun 19 2014]
Hawaii’s Solar Conundrum: Can Energy Storage Sa... [Published Renewable Energy World - Jun 18 2014]
Xtreme Power buyer adds 25 jobs to once-ailing ... [Published Business First of Buffalo - Jun 17 2014]
Xtreme Power’s assets sold to German company [Published Austin American Statesman - Jun 16 2014]
Xtreme Power assets acquired by German company [Published Crawford Financial Planning - Jun 16 2014]
Xtreme Power assets acquired by German company [Published Business First of Buffalo - Jun 16 2014]
Defining the Operating System for Grid Energy S... [Published The Energy Collective - Jun 12 2014]
Tamble named Smithville city manager [Published Austin American Statesman - Jun 11 2014]
Defining the Operating System for Grid Energy S... [Published Greentech Media - Jun 06 2014]
Philips Xtreme Power bulbs have been discontinu... [Published Chevy Cruze Forum : Chevrolet Cruze Forums - Apr 18 2014]
Horizon Technology Finance Announces Successful... [Published Marketwire - Breaking News Releases - Apr 14 2014]
Younicos Completes Strategic Acquisition of Xtr... [Published EON Energy - Apr 14 2014]
Younicos Completes Strategic Acquisition of Xtr... [Published Business Wire Technology News - Apr 14 2014]
Younicos Completes Strategic Acquisition of Xtr... [Published Business Wire Energy News - Apr 14 2014]
Xtreme Power Earns Bankruptcy Court Approval [Published Financial Services - Feb 10 2014]
Primus Power Gets A $20M Jolt For Grid-Scale En... [Published TechCrunch - Feb 04 2014]
Primus Power Gets A $20M Jolt For Grid-Scale En... [Published TechCrunch Europe - Feb 04 2014]
Energy Storage Roundup: Xtreme Power, Rhubarb, ... [Published Michele Kearney's Nuclear Wire - Jan 28 2014]
After ambitious plans, Xtreme Power runs out of... [Published Earth2Tech - Jan 23 2014]
After ambitious plans, Xtreme Power runs out of... [Published GigaOM - Jan 23 2014]
After ambitious plans, Xtreme Power runs out of... [Published GigaOM Network - Jan 23 2014]
Xtreme Power Seeks Strategic Sale Through Chapt... [Published Financial Services - Jan 23 2014]
Co-Founder of Xtreme Power, Michael Breen, Join... [Published PR Newswire - Oct 16 2013]
Daimer Releases A Sophisticated Rug Shampooer F... [Published PRWeb - Oct 01 2013]
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Blogs

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Horizon Technology Finance Announces Successful... [Published Marketwire - Breaking News Releases - Apr 14 2014]
FARMINGTON, CT--(Marketwired - Apr 14, 2014) - Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies ...
Younicos Completes Strategic Acquisition of Xtr... [Published EON Energy - Apr 14 2014]
BERLIN & KYLE, Texas--(EON: Enhanced Online News)--Younicos acquires strategic Xtreme Power Assets, retains core teams. Cross Atlantic acquisition elevates Berlin-based company to global leadership position for large scale energy storage solutions ...
Younicos Completes Strategic Acquisition of Xtr... [Published Business Wire Technology News - Apr 14 2014]
BERLIN & KYLE, Texas--(BUSINESS WIRE)--Younicos acquires strategic Xtreme Power Assets, retains core teams. Cross Atlantic acquisition elevates Berlin-based company to global leadership position for large scale energy storage solutions ...
Younicos Completes Strategic Acquisition of Xtr... [Published Business Wire Energy News - Apr 14 2014]
BERLIN & KYLE, Texas--(BUSINESS WIRE)--Younicos acquires strategic Xtreme Power Assets, retains core teams. Cross Atlantic acquisition elevates Berlin-based company to global leadership position for large scale energy storage solutions ...
Primus Power Gets A $20M Jolt For Grid-Scale En... [Published TechCrunch - Feb 04 2014]
New regulations in California are set to open up the market for large-scale energy storage and battery technology developer Primus Power has just raised charge into the fray. The Hayward, Calif.-based battery startup has raised $20 million for a new ...
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Press Releases

sort by: Date | Relevance
Xtreme Power Earns Bankruptcy Court Approval [Published Financial Services - Feb 10 2014]
Xtreme Power Seeks Strategic Sale Through Chapt... [Published Financial Services - Jan 23 2014]
Co-Founder of Xtreme Power, Michael Breen, Join... [Published PR Newswire - Oct 16 2013]
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