Taxpayer-funded A123 Green Energy Company Handed to Chinese

Lindsay Leveen Big Government 8 Aug 2012

A 123 Systems, the “green,” federal stimulus-funded lithium ion battery manufacturer, announced atrocious quarterly results today. Most expected that A 123‘s results would be dark red. What was a surprise was the simultaneous announcement that the company had entered into a memorandum of understanding (MOU) with a […]

Ener1 Goes Bankrupt, Becomes Second or Third Next Solyndra

Tim Cavanaugh Reason Magazine 1/26/2012

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 grant for its EnerDel subsidiary, is another candidate in the increasingly competitive […]