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Third Equation readies Faraday phoenix for second coming

The Phoenix of the fascinating company Faraday Grid, has risen from its ashes and is trading in the form of Third Equation Ltd, registered in Scotland, with cash provided through a fixed and floating mortgage on the assets, which include the intellectual property of the Faraday Grid. These assets are two things really – the hardware design of the Faraday Exchanger, a digital two-way transformer and the software that drives it, and its Emergent Transactional platform, a blockchain based accounting and energy transaction database. Apparently at least ten separate companies bid for the company‚Äôs assets, but it went to a new company controlled by ex-CEO Andrew Scobie and it is unlikely that the ex-CEO simply outbid them, and so this…

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