They tried hitching their wagon to a couple companies but just could not make a go of it. From California's Orange County Register:
Clean-tech firm Quantum Fuel files for bankruptcy protection
A clean-tech maker of natural gas tanks in Lake Forest has filed for Chapter 11 bankruptcy protection to reorganize the company.
Quantum Fuel Systems Technologies estimated it has $23 million in assets and about $22 million in debt to hundreds of creditors, according to bankruptcy paperwork filed Tuesday.
The company, which generated $32 million in revenue in 2013, said it employed some 180 workers, according to a Register story in 2014.
Quantum’s history has followed the roller-coaster highs and lows of the clean-tech industry.
The company produces natural gas tanks for 18-wheelers, its second iteration in the industry. Previously, Quantum worked on hydrogen fuel cells for General Motors but lost more than three-quarters of its revenue when General Motors went bankrupt in 2009.
Quantum was also a co-founder of Fisker Automotive, an Orange County-based electric-car maker, before it went bankrupt.
Ouch! Having one partner go under is bad. Two is a death-knell. The only money coming in to these businesses is from government subsidies and this money is our tax dollars re-bundled into 'incentives' by our non-representative government.
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