ABB’s
decision
appeared
to
come
as
much
of
a
surprise
to
GreenVolts
as
to
the
rest
of
the
industry,
with
the
company
saying
the
financial
pull-back
is
“so
severe”
that
it
has
slashed
its
workforce
to
the
bare
minimum
needed
to
maintain
customer
support
and
hunt
for
a
buyer
for
its
assets
and
intellectual
property.
It
did
not
take
ABB
long
to
decide
it
had
made
a
mistake
on
GreenVolts.
Last
December
the
Swiss-Swedish
engineering
giant
bought
a
“significant
minority
stake”
in
GreenVolts
for
$20m
through
its
venture-capital
arm.
GreenVolts’s
management…
