Ener1 critics sing from Solyndra songbook The Chapter 11 filing of battery maker Ener1 is inspiring a familiar routine from the Beltway playbook. First, Republicans send out a flood of press releases denouncing the Obama administration for wasting DOE money on yet another failed clean energy ...

A big bet on electric vehicle manufacturing goes bust Think City and Ener1 set up shop, enticed by government incentives. But soon they filed for bankruptcy. This Think City electric car and many others await additional assembly at a plant in Elkhart, Ind. (Michael Tercha, Chicago Tribune / January 10, ...

Battery maker Ener1 looks to restructure in bankruptcy court — Cleantech News and Analysis 26, 2012, 6:57am PT No Comments Updated: Some good news and bad news for the beleaguered battery maker Ener1. On Thursday, the company announced that it's filing for voluntary Chapter 11 in New York, but has done so under a pre-arranged restructuring ...

Ener1 Goes Bankrupt, Becomes Second or Third Next Solyndra After spending $55 million of a $118.5 million grant from Stephen Chu's Department of Energy, Ener1, an Indianapolis-based maker of batteries whose facilities were toured by Reason's Ronald Bailey in 2010, has declared bankruptcy. Ener1, which got the ...

Ener1 files for bankruptcy protection The green jobs naysayers have fresh fodder today with the announcement that Ener1, an electric vehicle battery manufacturer, has filed for Chapter 11 bankruptcy. In 2009 Ener1 received a $118.5 million grant from the US Department of Energy as part of ...

	Madoff, Ener1, Dynegy, Hostess, PMI, Syms, Shaw Ener1 Inc., a developer of lithium-ion battery technology for automobiles, filed a prepackaged Chapter 11 petition in New York under which debt will be reduced by about $45 million while creditors take ownership in exchange for debt and $81 million in ... Whose Left in the Battery Space? (HEVV, AONE, VLNC & ULBI) By John Udovich Rechargeable car battery stock Ener1 (HEVV), a recipient of taxpayer funding, has followed Solyndra into bankruptcy, meaning it might be a good idea to take a look at other battered battery stocks like A123 Systems (NASDAQ: AONE), ... MarketWatch.com 26, 2012 /PRNewswire via COMTEX/ -- Ener1, Inc. /quotes/zigman/7155342 HEVV -72.63% (the "Company") today announced that it has reached agreement with its primary investors and lenders on a restructuring plan that will significantly reduce its debt and ... After Obama's endorsement, yet another energy company goes bust — RT President Obama spoke highly of the Ener1 battery company during Tuesday’s State of the Union address, noting that federal investments in the private company have made it one of the leading manufacturers of its kind. Indeed, a bipartisan-approved grant from the US Energy Department did guarantee the company with $118 million in funding and they have since helped, as Obama put it, make America “the world leading manufacturer of high-tech batteries.” Now only two days after he had those glowing words for the company, the battery builders have run out of power and filed for bankruptcy. According to papers made available on Friday, Ener1 has $73.9 million in assets but a de... Battery maker Ener1, recipient of US DOE aid, files for bankruptcy Battery maker Ener1 Inc filed for Chapter 11 bankruptcy protection Thursday, citing lower-than-expected demand for electric vehicles. Ener1 said it plans to restructure its debt, add up to $81 million in new equity funding and reorganize within 45 days. Its EnerDel subsidiary received a $118 million grant in 2010 from the US Department of Energy to build manufacturing facilities for electric vehicle lithium-ion batteries. "Our business plan was impacted when demand for lithium-ion batteries slowed due to lower-than-expected adoption for electric passenger vehicles," CEO Alex Sorokin said in a statement. "That pressure was exacerbated by volatility in the debt a...