Solyndra, Evergreen Solar, and Beacon Power Corp, now we can add EnerDel to the growing list of DOE loan and grant recipients that have filed for bankruptcy or on life support. Stockholders of its parent company, Ener1 have filed a lawsuit alleging that the company made materially false and misleading statements regarding its financial conditions and prospects. Ener1 has been delisted by NASDAC. EnerDel manufactures lithium ion batteries that are supposed power the next generation of electric cars so dear to the heart of the Obama administration. The good news for the taxpayers is there no loan to worry about-EnerDel received a $118 million grant which they have spent about $55 million. This doesn't make Mitch Daniels look very smart either.
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