Battery maker relocating to Indy, planning more than 100-plus jobs
EnPower Inc. is moving from Phoenix into a facility previously operated by EnerDel Inc. on the city’s northeast side.
EnerDel
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Battery maker EnerDel retrenches, dodges clawbacks
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.
Battery maker EnerDel loses CEO, names interim
EnerDel Inc. CEO David Roberts has resigned and chief operating officer Michael Canada will replace him on an interim basis, the Indianapolis lithium-ion battery manufacturer announced Thursday afternoon.
Battery maker EnerDel lays off 65 workers
Lacking production contracts, struggling battery maker EnerDel Inc. has once again downsized its Indianapolis-area work force.
EnerDel charged up over utility market
Locally based EnerDel, maker of fuel-efficient lithium-ion batteries, is steering away from the disappointing electric-vehicle market. Its new strategy: batteries for utilities—especially in emerging markets where electric grids can be unreliable, which increases the need for backup power supplies.
EnerDel hires first post-bankruptcy chief executive
David Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.
Russian investor gives Ener1 fresh start
A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc. Boris Zingarevich supplied $50 million for Ener1’s March 30 exit from bankruptcy and is moving its headquarters from New York to Indianapolis—already home to its core subsidiary, EnerDel.
Investors still may clean up on some clean-tech bets
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
Ener1 reorganizing; Bright Automotive folds
Both firms appeared a few years ago to be poised to hire thousands of workers. But they slid into a tailspin as anticipated funding failed to materialize and the market prospects for hybrid and electric engines dimmed.
Court OKs EnerDel parent’s bankruptcy plan
A court has approved Ener1's plan to emerge from bankruptcy, the parent company of locally based EnerDel announced Wednesday.
Struggling Ener1 receives $4.5M from investor
The parent of Indianapolis-based advanced-battery maker EnerDel received the financing to continue operating while the company evaluates its options to reorganize debt.
EnerDel parent dismantles executive team
Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.
Ener1 becomes latest energy aid recipient in trouble
Electric-car battery maker Ener1 Inc., whose shares were delisted from the NASDAQ stock market Oct. 28, is the latest recipient of U.S. Energy Department aid to run into financial trouble and draw congressional scrutiny.
NASDAQ set to remove EnerDel parent from exchange
New York-based Ener1 said in a filing Tuesday with the Securities and Exchange Commission that it would be suspended from the NASDAQ exchange starting Thursday due to non-compliance with filing requirements.
EnerDel parent facing shareholder legal battle
At least three lawsuits accuse Ener1, the parent of Indianapolis-based advanced-battery maker EnerDel, of misleading investors about its financial condition.
Solar flop puts energy funding in limbo
Companies promising thousands of green jobs in Indiana are playing a high-stakes waiting game as federal officials consider the fate of at least $600 million in loan guarantees.
EnerDel parent shakes up management ranks
Battery maker Ener1 Inc., which has almost 400 employees in the Indianapolis area, has replaced its chief executive and appointed Ivy Tech President Thomas J. Snyder as non-executive chairman of the board.
EnerDel parent in danger of losing NASDAQ listing
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
EnerDel parent expresses major cash-flow concerns
Auditors are reviewing whether Ener1 Inc., which has hundreds of workers in the Indianapolis area, has enough cash to continue operations.
EnerDel parent says quarterly report will be late
New York-based Ener1 Inc., which engineers and makes batteries in the Indianapolis area at its EnerDel subsidiary, announced Tuesday that it won't file its second-quarter 2011 financial report on time.