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Ener1, a company based in New York, makes lithium ion batteries for electric cars. But, it has run into financial trouble. On Friday, it was delisted from trading on the Nasdaq. Unfortunately, Ener1 was the recipient of over $100 million in grants from President Obama’s Stimulus Act.
The month of August was not good to solar energy. Nor was it good to taxpayers.
An article in today’s Orlando Sentinel provides a graphic demonstration of why the American public is fed up with Washington’s “solution” to this country’s economic woes.