Ener1, Parent of US Subsidized Battery Unit, Seeks Bankruptcy

Nearly three years ago, Ener1 received a $118 million stimulus grant to help build an EV battery factory. Now, it's filing for bankruptcy and ho.

Some good news and bad news for the beleaguered battery maker Ener1. On Thursday, the company announced it's filing for Chapter 11 in New York, but has done so under a pre-arranged restructuring plan that includes

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

Entertainment News from AP Vice President Joe Biden visits an Ener1 subsidiary in Greenfield, IN, on Jan. 26, 2011. (Source: WXIN/CNN) GREENFIELD, IN (WXINCNN) – A green company backed by the Obama administration has filed for bankruptcy protection.

27 (Bloomberg) — Ener1 Inc., which owns a company that received a $118 million US Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid Asian competition. The company listed assets