http://sbrc1.net Western United States Largest Republican Club Sun, 20 May 2012 02:54:42 +0000 en hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2012/01/26/another-stimulus-backed-energy-company-files-for-bankruptcy/ http://blog.heritage.org/2012/01/26/another-stimulus-backed-energy-company-files-for-bankruptcy/#comments Thu, 26 Jan 2012 15:39:44 +0000 Lachlan Markay http://blog.heritage.org/?p=89401 After months of financial turmoil, an Energy Department-backed lithium ion battery company has filed for Chapter 11 bankruptcy protection. The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use. But despite generous federal support for the company, Ener1 was racked by problems last year. In October, NASDAQ delisted the company due to non-compliance with Securities and Exchange Commission filing requirements. A … More]]> http://blog.heritage.org/2012/01/26/another-stimulus-backed-energy-company-files-for-bankruptcy/feed/ 0