Green Car Congress

NOVEMBER 23, 2010

Duke Energy and ITOCHU’s program builds upon their involvement in Project Plug-IN, a large-scale public/private EV initiative based in Indianapolis. According to some auto industry estimates, electric vehicle (EV) batteries that can no longer charge to approximately 80% of their original capacity may be candidates for replacement.

Li-ion 284

Li-ion Indianapolis Energy Batteries 284

Green Car Congress

MARCH 13, 2009

As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Overall, Ener1 reported 2008 revenues of $6.8 million compared to $280,000 in 2007.

Li-ion 150

Li-ion 2008 Lithium Ion 2007 150

Green Car Congress

JUNE 1, 2010

parent of Li-ion manufacturer EnerDel, has executed an agreement with its principal shareholder, Ener1 Group, an investment vehicle established by Russian industrialist and entrepreneur Boris G. Ener1, Inc., Zingarevich, for the purchase of common stock and warrants for $65 million. The investment is expected to close later this week.

Indianapolis 170

Indianapolis Li-ion Chinese Energy Storage 170