Tags: Economic- Crisis | green | energy | stimulus | trouble

Another Green Energy Firm Awarded Stimulus Funds in Trouble

Tuesday, 01 Nov 2011 11:40 AM

By Jim Meyers

Another green energy company awarded millions in federal stimulus dollars is in financial trouble and is being monitored by the Energy Department.
 
New York-based Ener1, a manufacturer of advanced batteries for use in electric vehicles, received a $118.5 million grant to expand its operations.

Vice President Joe Biden visited the company in January to promote the administration’s goal of putting a million advanced vehicles on the road by 2015, Politico reported.
 
NASDAQ pulled the company from trading on Friday for failing to file its most recent quarterly report on time, and Energy Department spokesman Damien LaVera said on Monday that the
 
DOE “is closely monitoring the status of the company.”
 
Solar energy firm Solyndra received $528 million in federal loan guarantees before declaring bankruptcy in September.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

The 2016 'Book Race': GOP Candidates Like Ben Carson, Huckabee Sell Like Hotcakes

Friday, 30 Jan 2015 20:50 PM

If potential Republican presidential candidates' recent book sales are a strong indication of their electability, then B . . .

Smoke on Boston Train Scares Passengers Who Bust Out Windows to Escape

Friday, 30 Jan 2015 19:37 PM

A commute on Boston's Red Line Thursday morning turned into chaos as smoke filled the train and passengers broke out win . . .

Seth Jackson Sentence: Foster Dad Gets 32 Months in Hot Car Death

Friday, 30 Jan 2015 18:50 PM

Kansas foster dad Seth Jackson was sentenced to 32 months in prison Friday for the July death of a 10-month-old girl who . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved