Archive for October 22nd, 2012

Fed Battery Boost a Bust


Monday October 22nd, 2012   •   Posted by K. Lloyd Billingsley at 11:08am PDT   •   2 Comments

In 2009 the federal government gave a $249 million grant to A123 Systems, a green energy manufacturer touted by President Obama as an example of “what’s possible in a clean energy economy.” The company used the money to make batteries for electric cars in two Michigan factories. But since 2009 the company lost $857...
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