Another Green Energy Firm Awarded Stimulus Funds in Trouble

Tuesday, 01 Nov 2011 11:40 AM

By Jim Meyers

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Tom Brokaw Cancer Remission Comes After Months of Chemo

Monday, 22 Dec 2014 05:35 AM

Veteran NBC newsman Tom Brokaw announced Sunday that after months of chemotherapy his cancer is in remission and he soon . . .

Tarpon Springs Officer Fatally Shot, Then Run Over by Fugitive

Monday, 22 Dec 2014 03:04 AM

A Tarpon Springs police officer was fatally shot and run over on Sunday by a Florida fugitive trying to evade an arrest  . . .

Fox News Dish Blackout Blamed on Contract Negotiations on Fees

Monday, 22 Dec 2014 02:42 AM

Fox News Channel and the Fox Business Network were blacked out on Dish Network on Sunday as part of contract negotiation . . .

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