South African startup Hohm Energy begins liquidation after halting operations
- Hohm Energy filed for voluntary liquidation with the CIPC.
- Creditors with claims over R1,000 can nominate a liquidator.
- The company halted operations in August 2024 due to financial difficulties.
The liquidation of Hohm Energy highlights the volatility and challenges faced by startups in the renewable energy sector, particularly in fluctuating market conditions. It raises questions about the sustainability of business models reliant on external funding and the impact of governmental policies on demand for alternative energy solutions.
