Another Stimulus-Backed Obama Energy Company Files for Bankruptcy

[Sgt Staples]

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 month later, the company’s president, chief executive, and top financial officer were fired.

On Thursday, Ener1 announced it will initiate a pre-packaged Chapter 11 bankruptcy plan as part of an agreement to restructure the company’s debt obligations.

Amazing how NBC, ABC, CBS and BSNBC haven't said a word about this.

Read more: http://nation.foxnews.com/ener1/2012/01/26/another-stimulus-backed-energy-company-files-bankruptcy#ixzz1ks0K7ZMl

 

[PACE]

Read this, Sandia Labs, has been working on lithium ion development for a long time, see from 2006:

http://www.sciencedaily.com/releases/2006/01/060118094512.htm

this is the world's smallest battery, I am not surprised some start ups have filed for fiscal protection as this company has, read about the technology, it has a lot of potential.

 

[PACE]

Here's another one that's coming, from MIT, photovoltaic paper

http://web.mit.edu/newsoffice/2011/printable-solar-cells-0711.html

Neat huh?

Regards
Pace

 

[PACE]

And another one, direct emission green diodes:

http://www.i-micronews.com/upload/Rapports/Green_Laser_Sample.pdf

Check out the applications, you are familiar with blue ray right? well, someday you'll have a cell phone where you can project a movie onto a blank wall,

Development is all about wall plug efficiency, it's coming

One US manufacturer competing in this market

Regards
Pace

 

[Sgt Staples]

Battery Electric vehicles will NEVER have sufficient range. The range of current electric vehicles is cut in half simply by running the heater. Plus that electricity has to be generated by some other type of fuel.

Electric vehicles with on board generators might be an option, but since you nave to power the generator by some type of fuel, you might as well power the vehicle by that fuel and avoid the losses involved in turning it into electricity.

Solar cells might eventual work in some small application, but require too much land mass, only generate electricity about 50% of the time and will never be able to supply but a small fraction of the continually expanding energy needs of a growing economy.

But if the private sector wants to pour money into it, I'm not against it.

What I'm against the government wasting tax dollars on this crap, when they could have been spent better elsewhere, or not spent at all.

The biggest single factor that a prosperous economy needs is economical energy and lots of it.

We are headed in the opposite direction.

 

[Lobato1]

You (& me for that matter) being a nobody who cares what U R against?

Had the military not invested massive amounts of money in transistors back in the 50s in SOCIALISM money you & I wouldn't be debating today.

Best Regards
Lobato1

Battery Electric vehicles will NEVER have sufficient range. The range of current electric vehicles is cut in half simply by running the heater. Plus that electricity has to be generated by some other type of fuel.

Electric vehicles with on board generators might be an option, but since you nave to power the generator by some type of fuel, you might as well power the vehicle by that fuel and avoid the losses involved in turning it into electricity.

Solar cells might eventual work in some small application, but require too much land mass, only generate electricity about 50% of the time and will never be able to supply but a small fraction of the continually expanding energy needs of a growing economy.

But if the private sector wants to pour money into it, I'm not against it.

What I'm against the government wasting tax dollars on this crap, when they could have been spent better elsewhere, or not spent at all.

The biggest single factor that a prosperous economy needs is economical energy and lots of it.

We are headed in the opposite direction.

 

[PACE]

You're wrong and you have absolutely no control over this, Thank God!

Regards
Pace

 

[PACE]

you are speaking my language Lob!

Trust me, you are!



Regards
Pace

 

[Lobato1]

Xsistors were lab curiosity decade later after 1947 invention akin 2 superconductors

In those days, transistors entered into thermal runaway at around 70 deg C., meaning around 40/50 deg C practical use, but thanks to the military needs spending massive amounts that stirred research they became practical & cheap.

Best Regards
Lobato1

you are speaking my language Lob!

Trust me, you are!



Regards
Pace

 

[Figjam]

...yes and with that kind of thinking we would all probably still either be walking or riding horses as they were in the late 1800's, because as we all know, cars run out of gas -

...investment takes time to pay-off. We cannot stop innovation and public funding of innovative ideas, it makes no sense to do so...

 

[Sgt Staples]

...yes and with that kind of thinking we would all probably still either be walking or riding horses as they were in the late 1800's, because as we all know, cars run out of gas -

The automobile and electricity were developed by the private sector in search of profits.

Magical Green fantasy energy isn't having a whole lot of success. with or without government subsidies.

Science has not yet discovered how to stuff 10 pounds of Bullshit in a 5 pound bag, and never will. And that is exactly what so called 'green' energy, and for that matter, liberalism in general, is