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ELECTRIQ POWER HLDGS A - $ELIQ STOCK NEWS

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Electriq Power Holdings, Inc. has announced a voluntary Chapter 7 bankruptcy filing, resulting in the liquidation of the company's assets. The decision was made after an investigation by the Board of Directors to protect the interests of investors, creditors, former employees, and other parties.

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Electriq Power Holdings, Inc. has been awarded the 'EMS Solution Provider of the Year' at the 2024 CleanTech Breakthrough Awards for its innovative energy management solutions. The company's PowerPod 2, a grid-connected residential battery system, offers high power output and efficiency, contributing to sustainable energy practices.
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Electriq Power Holdings, Inc. (
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5%
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Electriq Power Holdings, Inc. (NYSE:ELIQ) has announced a partnership with The Energy Coalition (TEC) to offer a Sustainable Community Networks (SCN) program, providing zero-upfront cost solar + battery storage systems to low-to-moderate income residents in Los Angeles County. The program aims to lower electricity costs, stabilize electric costs, and provide backup power during outages. Roughly 400,000 residents across 10 communities are expected to benefit from the program by the end of Q1 2024.
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Electriq Power Holdings, Inc. CEO, Frank Magnotti, to participate in The Microcap Conference in Atlantic City, NJ. The conference will be held from January 30 to February 1, 2024, at Caesars Atlantic City Hotel & Casino. Mr. Magnotti will present on January 31 at 3:40pm EST in Track 2 and on February 1 at 10:50am EST in Track 6. He will also engage in one-on-one meetings with investors. For more information and registration, visit: https://themicrocapconference.com/
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8.33%
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Electriq Power Holdings, Inc. sponsored the 2024 Solar Games Competition, providing its flagship PowerPod 2 residential battery systems for the grid-tied installations. The tournament featured eight residential solar installer teams from across the U.S., with Electriq's systems being installed by each of the four finalists. The PowerPod 2 is an integrated residential energy storage system designed to store and manage solar power, offering high power output and round-trip efficiency. The event drew over 10,000 industry professionals, setting a new attendance record.
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8.33%
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Electriq Power Holdings, a provider of intelligent energy storage solutions, reports 105% year-over-year revenue growth in Q4 and projects a Total Contract Value over $100M with recent contract signings. CEO Frank Magnotti highlights strong demand for residential solar and storage, with expected revenue of $20M-$30M in 2024.
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Electriq Power Holdings, a trusted provider of intelligent energy storage solutions, announced the launch of 10 Sustainable Community Networks in Los Angeles County under one contract, offering zero-upfront cost solar + battery storage systems to qualifying homeowners. The program aims to help nearly 400,000 residents gain access to clean, reliable, affordable energy, with no income, credit, or property lien requirements. The systems can lower electricity costs up to 20%, stabilize electric costs, and provide backup power during outages. The company plans to launch the program by the end of Q1’2024, addressing the increasing demand for energy resiliency in California due to rising electric rates and power outages.
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Electriq Power Holdings, Inc. (ELIQ) anticipates 2024 revenue of $20M-$30M based on signed PPAs and commitments through 2H 2023. The company has a revenue backlog of approximately $5 million from over 160 Power Purchase Agreements signed via Sustainable Community Networks. Additionally, there is a $10 million commitment from Sustainable Solutions developers to purchase Electriq’s PowerPod 2 systems with expansion in Puerto Rico and Washington D.C. in 2024. The company has also implemented cost reductions in 2H 2023 to extend its cash runway and increase Adjusted EBITDA margins in 2024. The CEO, Frank Magnotti, expressed confidence in the company's 2024 plan, emphasizing the value creation for shareholders and the sustainable future. The CFO, Petrina Thomson, highlighted the company's partnerships with local governments and sufficient visibility to provide details on financial objectives for the full year 2024.
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Electriq Power Holdings, Inc. (ELIQ) CEO to Participate in Benchmark Discovery Investor Conference
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ELECTRIQ POWER HLDGS A

NYSE:ELIQ

ELIQ Rankings

ELIQ Stock Data

2.61M
10.34M
67.11%
7.69%
0.03%
Optical Instrument and Lens Manufacturing
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United States of America
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