Another Ducted Device Dead: SheerWind-Invelox Bankrupt
My inbox saw a flurry of emails 4 January 2018 to inform me that ducted turbine darling SheerWind-Invelox was bankrupt. While the event wasn't much of a surprise, it did take much longer than I'd expected.
While the web site is still live, there has been no activity since August 2017. SheerWind's phone has been disconnected.
In February 2017 I asked Is the End Nigh for Another Ducted Turbine?
So, no, I wasn't prescient. I thought they'd be gone by mid-summer when they would fail to meet their contractual obligations to the Michigan National Guard. It's one thing to stiff the Nature Conservancy, but it's quite something else to stiff people with an arsenal of weapons.
Yet it is now official. SheerWind-Invelox is bankrupt with a Chapter 7 filing 29 December 2017. SheerWind will be liquidated. It has zero assets, and liabilities of $3.7 million. Ouch.
You can read the rest of the story at Another Ducted Device Dead: SheerWind-Invelox Bankrupt
. . . SheerWind's liabilities likely don't include the removal of its derelict devices in Minnesota, Michigan, and on Palmyra Atoll in the equatorial Pacific. One of the devices--I don't call them wind turbines--stands forlornly near Chaska, Minnesota. Three of the devices are abandoned at two bases of the Michigan National Guard. One also remains on the Pacific atoll. . .
2017 Bolt LT with DCFC, leased 11/09/17
2015 Nissan S with QC, leased, returned
2013 Chevy Volt Premium, used 10/3/16, sold
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