From the office of Rep. Adam Kinzinger (R, Illinois 11th District)…
Ener1 was previously awarded a $118.5 million stimulus grant from the Department of Energy. But, just yesterday (January 26, 2012) Ener1 filed for bankruptcy.
In a Special Report interview with Mike Emanuel Congressman Adam Kinzinger (R-IL) says the Department of Energy’s record is growing worse by the day – first Solyndra, then Beacon Power, and now Ener1. This is becoming a trend. Kinzinger makes the point that these companies are prime examples of a jobs program gone bad.
In his State of the Union Address on Tuesday, President Obama causally said “Some technologies don’t pan out; some companies fail.” Ultimately, the failure of these companies results in taxpayers paying the price.