Ener1 is a company developing energy storage technology building compact lithium-ion-powered batteries for the transportation, utility grid and industrial electronics markets. Headquartered in Indianapolis, Indiana, the company has manufacturing locations in the United States and Korea. Ener1 also develops commercial

fuel cell A fuel cell is an electrochemical cell that converts the chemical energy of a fuel (often hydrogen) and an oxidizing agent (often oxygen) into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requ ...

products and

nanotechnology Nanotechnology, also shortened to nanotech, is the use of matter on an atomic, molecular, and supramolecular scale for industrial purposes. The earliest, widespread description of nanotechnology referred to the particular technological goal o ...

-based materials. Ener1 filed for

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...

protection on January 26, 2012. It completed restructuring of its debt and emerged from bankruptcy on March 30, 2012. Ener1 received a $118.5 million grant from the Department of Energy in 2010 via the

American Recovery and Reinvestment Act of 2009 The American Recovery and Reinvestment Act of 2009 (ARRA) (), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Gr ...

. The company traded on the over the counter market under the symbol HEV. It was de-listed from the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

Stock Market on October 28, 2011 prior to its January 2012 bankruptcy filing.

External links

Official website

References

{{Reflist Companies formerly listed on the Nasdaq