What do we taxpayers get for “only” $249 million? A battery company that has to replace the batteries that it has already delivered. A123 Systems of Waltham, MA, received $249 million grant from the Department of Energy (DOE) to build the plant, located in Livonia , MI, as part of a strategy to bring battery [...]
Today, January 27, 2012, we learn that Ener1, the owner of a company that received $118.5 million from the Department of Energy (DOE), filed for bankruptcy protection after defaulting on bond debt. EnerDel, the company that Ener1 owns, makes electric-car batteries. Ener1, based in New York, makes lithium-ion batteries for plug-in electric cars. Under President [...]
It’s not just a dream, it may soon be reality. We’ve all been caught short… of power that is… Running around like a Neanderthal in ‘Quest for Fire’ looking for an Outlet before our phone or laptop crashed. A group of scientists at Northwestern University may have found a way to poke millions of holes [...]
