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In
December 2017, the company ran out of money. It cut the workforce down to 15 as it entered "hibernation". In March 2018, the company shut down. An investor cited the emergence of more efficient and cost effective
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A method of spraying the air with water droplets was proposed by LightSail to increase the efficiency of compressed air tanks. The company initially aimed to power an urban
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In 2012, LightSail D-round founding rose 37.5 millions US$ . It reached 55 employees in late 2014. By
February 2016, LightSail had raised about $ 70 million in
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as the reason for LightSail's commercial failure. Media specializing in startups and renewable energy have described the company as mismanaged.
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technology startup. The company shut down in 2018, failing to produce a product. The unused tanks were sold away to
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https://www.cbc.ca/news/canada/nova-scotia/province-likely-to-lose-2m-in-failed-energy-storage-project-1.4584189
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514:"These fraudulent founders were once hailed as 'the next Steve Jobs' of their now-disgraced startups"
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470:"LightSail Energy Enters 'Hibernation' as Quest for Game-Changing Energy Storage Runs Out of Cash"
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150:. It later shifted its aim to fitting a compressed air-powered generator inside a standard
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425:"LightSail Gets $ 5.5M From Total, Thiel, Khosla, Gates for Compressed Air Energy Storage"
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281:"Storing energy in compressed air could finally become cheap enough for the big time"
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166:. Starting in 2016, its remaining tanks were repurposed and sold off to the
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project. This project did not come to fruition, costing the province $ 2M
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342:"In the post-Solyndra era, still some (rare) big bets left for cleantech"
495:"LightSail Energy Storage and the Failure of the Founder Narrative"
376:"Province likely to lose $ 2M in failed energy-storage project"
455:"Energy-Storage Startup LightSail Plots Long-Term Game Plan"
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423:Wesoff, Eric; Trabish, Herman (February 18, 2013).
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317:"Why Bad Things Happen to Clean-Energy Startups"
16:Compressed air energy storage technology startup
229:"A lot of hot air? Why energy storage matters"
154:. In 2014, the company received funding from
563:Privately held companies of the United States
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410:"LightSail Energy Snags $ 37M in Funding"
340:Fehrenbacher, Katie (November 7, 2012).
257:"Innovacorp's $ 2M LightSail Bet Fails"
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453:Haislip, Barbara (February 21, 2016).
393:Bergstein, Brian (December 22, 2015).
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568:2008 establishments in California
408:Metz, Rachel (November 5, 2012).
374:Woodbury, Richard (2018-03-20).
359:. Progress Media. Archived from
178:Investors in LightSail include
468:Spector, Julian (2017-12-19).
395:"The Energy Startup Conundrum"
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493:Wesoff, Eric (May 26, 2016).
255:Moriera, Peter (2018-03-16).
132:compressed air energy storage
512:Luce, Ivan De (2020-11-10).
355:Holt, David (October 2014).
130:(2008–2018) was an American
42:; 16 years ago
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518:www.businessofbusiness.com
457:. The Wall Street Journal.
440:"Top 30 Startups to Watch"
76:Steve Crane, Danielle Fong
412:. MIT Technology Review.
397:. MIT Technology Review.
357:"Reaching for the moon"
474:www.greentechmedia.com
321:MIT Technology Review
208:Lithium-ion batteries
194:, and oil supermajor
186:, Microsoft founder
138:companies in 2016.
60:Berkeley, California
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546:2019-04-01 at the
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152:shipping container
541:LightSail website
363:on 16 April 2016.
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202:investment.
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160:wind turbine
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55:Headquarters
26:Type of site
184:Peter Thiel
168:natural gas
156:Nova Scotia
136:natural gas
557:Categories
523:2024-04-18
479:2020-02-25
326:2024-04-18
291:2024-04-18
266:2020-02-25
214:References
196:Total S.A.
192:Innovacorp
188:Bill Gates
170:industry.
117:.lightsail
72:Founder(s)
344:. GigaOm.
544:Archived
380:CBC News
142:Projects
100:Industry
231:. CNBC.
174:Funding
148:scooter
45: (
37:Founded
31:Private
285:Quartz
158:for a
119:.com
47:2008
40:2008
115:www
110:URL
94:CSO
86:CEO
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