Company selling "Australia's cheapest battery" is in liquidation | RenewEconomy

Company selling “Australia’s cheapest battery” is in liquidation

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Victorian energy storage business that offered “the most affordable battery in Australia” – and longest warranty – has gone into liquidation.

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One Step Off The Grid

A small Victorian energy storage business that had been gathering attention in the market for claiming “the most affordable battery in Australia” – and offering the longest warranty – has gone into liquidation.

In a notice published on May 31 (see below), insolvency firm Rodgers Reidy said it had been appointed as liquidator of Melbourne-based Ampetus Energy, to wind up the battery company’s affairs and to act for its creditors.

According to the notice, the case involves claims from a number of Ampetus Energy customers “who have been or will be seeking refunds from the Company in respect to faulty batteries … purchased from the Company.”

The Ampetus Super Lithium battery first got a mention on RE in March 2017, in this article, which noted that the “relatively unknown” company’s 3kWh lithium-iron-phosphate battery retailed for $2,300, beating out Tesla’s Powerwall offering both on price and warranty, offered at 15 years.

As Solar Quotes’ Finn Peacock noted in the article – which included the above chart – before Ampetus, the longest product warranty for a battery had been 10 years; “so they must be very confident in their product.”

And judging by their website – which shows no sign that the business is currently being liquidated – they were.

It takes some digging to discover that the battery components of the “Australian designed systems” Ampetus was marketing – which rather remarkably included a “voice interface” that allowed customers to “literally have a chat” with their homes! – were made in China, by a completely separate company called Sinlion Battery Tech.

According to ITP Renewables, which still has the Super Lithium in its online Battery Test Centre line-up, the Ampetus Super Pod, which contained between 1 and 5 Sinlion batteries, had been promoted for its long lifetime, marketed at 10,000 cycles.

But notes in this report from the Battery Test Centre hint at problems with the delivery, commissioning and proper functioning of the Ampetus battery – although it also stresses that service from the company was prompt and helpful.

One Step understands that Ampetus Energy, which is headed up by Melbourne businessman Avrohom Jacks, is cooperating fully with the liquidators. Creditors or customers with inquiries or concerns are urged to contact Rodgers Reidy for more information.

Information for Customers

This article was originally published on RenewEconomy’s sister site, One Step Off The Grid, which focuses on customer experience with distributed generation. To sign up to One Step’s free weekly newsletter, please click here.

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  1. George Darroch 2 years ago

    Firstly, you have to feel for the operator, assuming they were acting in good faith with the market. It’s a very competitive business and margins are often extremely thin, especially at that end of the market. It’s likely that more companies will drop out in the next few years in the face of intense competition.

    It’s also a reminder that sometimes cheap really is too good to be true. While even the biggest companies aren’t immune to failure, there are risks in buying discount. This is especially true in a long-term non-user-serviceable product.

  2. john 2 years ago

    The problem is the consumer is not across the details.
    This looks like a company who made claims that they could not substantiate.
    The company could not deliver the consumer did not know the details the result a finding against the company.

    • Ertimus J Waffle 2 years ago

      Like all the fairy stories on this site will be exposed in time as total childish fantasy rubbish. God bless Australia because it sure does need it.

      • Peter F 2 years ago

        So no fossil fuel based company ever went broke ???

        • phred01 2 years ago

          There were plenty of oil co that went under about the time of the first oil crisis when we had a $3 / barrel floor price

  3. phred01 2 years ago

    as an old says if it is to good to be true it probably is

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