- Business
- Nilar International AB (publ) (NILAR.ST) develops, manufactures and markets nickel metal hydride (NiMH) batteries and related products, including battery management systems and ReOx technology, for stationary energy storage systems that support renewable energy integration by balancing grid production and demand; the company's Nilar Hydride and ReOx 2 battery platforms, featuring advanced cooling for enhanced cycles, power output and energy throughput, serve residential, commercial-industrial and utility-scale applications with water-based electrolytes enabling high safety, recyclability and reuse of components like nickel. Founded in 2000 and headquartered in Täby, Sweden, with production in Gävle powered by 100% renewable energy, Nilar operates primarily in Sweden, Germany, the Netherlands and northern Europe, targeting energy providers, telecoms, commercial property owners and infrastructure for solar/wind storage, peak shaving, backup power, frequency regulation and uninterruptible supply via products such as 96V, 108V, 120V and 144V battery packs. In late 2023, the company filed for bankruptcy due to liquidity shortfalls and high commodity costs amid a Swedish market slowdown, leading to Nasdaq First North delisting, asset sales including its production line to zinc-ion battery firm Enerpoly, and cessation of operations as a going concern, with no material activity reported through 2025.