article thumbnail

Li-ion manufacturer Ener1 files pre-packaged Chapter 11 bankruptcy

Green Car Congress

million in federal grant funding under the stimulus package. None of Ener1’s foreign or domestic subsidiaries has initiated reorganization cases, and are not expected to be adversely impacted by the legal proceedings. On 12 December 2011, Ener1 common stock was delisted from NASDAQ.

Li-ion 261
article thumbnail

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

2010 vs 2011 forecasts. “Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. —Energy Storage on the Grid (2011). —Energy Storage on the Grid (2011).

article thumbnail

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

To right-size capacity levels and promote a viable industry, we believe 30 to 40 percent of all suppliers are at risk due to the necessary alignment of capacity with demand, which should stabilize in the 12 to 14 million-unit range by 2010-2011. This would help automakers identify and support the most viable companies. The Role of Banks.

Grant 150
article thumbnail

The Long Road to Today’s Cochlear Implant

Cars That Think

The surgery appeared to be successful, but as Clark recalled in a 2011 oral history with the Australian Academy of Science, he still slept fitfully that night, worried about his patient. Meanwhile, the legal team at the Royal Victorian Eye and Ear Hospital was concerned about liability if anything went wrong.

Australia 104