IBJNews

Battery maker EnerDel lays off 65 workers

Back to TopCommentsE-mailPrintBookmark and Share

Lacking production contracts, struggling battery maker EnerDel Inc. has once again downsized its Indianapolis-area work force.

About 65 people, from production workers to management, were let go on July 26, CEO David Roberts confirmed. He said the company is referring to the layoff as a “furlough” that is indefinite.

“We’re very confident our business is going to improve and we’re going to be able to call back some of these people,” Roberts said.

Roberts declined to say how many employees remain at EnerDel, which got its start as a subsidiary of New York-based Ener1 Inc.

Other sources indicate the number is more than 100, split between the former headquarters on Hague Road and its new headquarters at Mount Comfort in Hancock County.

As part of a tax-abatement compliance report to the city of Indianapolis, EnerDel said this spring that 47 people worked at its Hague Road facility. An engineer who was part of the furlough said the layoff affected about half the people who worked in Mount Comfort, where the company has leased factory space since 2010.

EnerDel at one time planned to create 1,400 jobs in Marion and Hancock counties. The company received about $55 million in renewable energy economic stimulus grants from the U.S. Department of Energy in 2009. The company filed for bankruptcy protection in 2011, and one of its major investors, Russian businessman Boris Zingarevich, took it private in 2012.

It’s unclear whether Zingarevich is still involved. Roberts would not comment on whether EnerDel still belongs to Zingarevich’s Europe-based Z1 Investment Group. He said that like all alternative-energy firms, EnerDel is looking for an investor to “bridge the gap” between demonstration-level projects and full production.

ADVERTISEMENT

  • Insane
    Where did the 55 million dollars go? The company receive the money in 2009 and two (2) years later in 2011 the file for bankruptcy? Then it goes "Private"? Can we say....Stolen Money= Unemployed America!
  • $55 Million Dollars
    This is sad to read... especially since millions of dollars of grant money has been spent. Doesn't seem fair when there are local small businesses like Indy Power Systems that have innovative technology in the battery and energy grid market that can't even get a dollar of grant money to fund their renewable energy management projects.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

    2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

    3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

    4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

    5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

    ADVERTISEMENT