Ener1 – Biden visit highlights growth of Indiana firm
Date: 01/26/2011
Company: ENER1
Source: Bloomberg News
An American company seeking to make headway in the foreign-dominated electric car battery industry will be in the spotlight Wednesday when Vice President Joe Biden visits its plant in central Indiana.
Biden will be in Greenfield, about 25 miles east of Indianapolis, to visit an Ener1 Inc. plant that received a $118.5 million Recovery Act grant in 2009 to expand its battery production. The visit is planned a day after President Barack Obama’s State of the Union address.
The White House said Biden will be talking to workers at the plant where lithium-ion batteries are assembled about how the administration is promoting investment in innovation and helping to lay the foundation for American competiveness.
“It’s a great opportunity because it’s a confirmation of what we’ve been doing,” said Brian Sinderson, Ener1’s director of corporate communications. “He’s coming out to highlight what the Recovery Act is all about.”
