Australian inverter and battery company Redback Technologies is working to secure new investment after entering into voluntary administration this week.
Brisbane-based inverter and battery company Redback Technologies has entered voluntary administration and is now actively seeking new investment.
McGrathNicol Restructuring has been appointed as voluntary administrators of Redback Operations Pty Ltd, with McGrathNicol confirming partners Anthony Connelly, Mark Holland and Jamie Harris were appointed on March 5, 2024.
The administrators said they are working with Redback Operations’ employees, customers and suppliers while they “call for expressions of interest for the sale or recapitalisation of all or part of the business.”
Redback Technologies was exhibiting in Sydney’s Smart Energy Expo this week. It has a range of new products expected to hit the market in the…