Faraday Grid enters administration, dashing hopes of UK pilot project

Madeleine Cuff
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Faraday Grid founder and CEO Andrew Scobie | Faraday Grid
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Faraday Grid founder and CEO Andrew Scobie | Faraday Grid

High profile energy technology company calls in Grant Thornton as administrators after failing to secure project funding

The much-hyped energy transformer company Faraday Grid has collapsed with administrators Grant Thornton appointed to take control of the business, it emerged this week. Despite securing a £25m cash...

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