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Friday, January 27, 2012

ANOTHER TAXPAYER SUBSIDIZED "GREEN" COMPANY GOES BELLY UP...


“The company, Ener1, received a $118 million grant from DOE [Department of Energy] in 2010 as part of the president’s stimulus package,” writes the Heritage Foundation’s Lachlan Markay. “The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.”
Yesterday, Ener1 announced it was filing for Chapter 11 bankruptcy.

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