online discount medstore
advair diskus for sale
buy advair diskus without prescription
allegra for sale
buy allegra without prescription
aristocort for sale
buy aristocort without prescription
astelin for sale
buy astelin without prescription
atarax for sale
buy atarax without prescription
benadryl for sale
buy benadryl without prescription
buy clarinex without prescription
clarinex for sale
buy claritin without prescription
claritin for sale
buy flonase without prescription
flonase for sale
buy ventolin without prescription
ventolin for sale
amoxil for sale
buy amoxil without prescription
augmentin for sale
buy augmentin without prescription
bactrim for sale
buy bactrim without prescription
biaxin for sale
buy biaxin without prescription
buy cipro without prescription
cipro for sale
buy cleocin without prescription
cleocin for sale
buy dexone without prescription
dexone for sale
buy flagyl without prescription
flagyl for sale
buy levaquin without prescription
levaquin for sale
buy omnicef without prescription
omnicef for sale
amaryl for sale
buy amaryl without prescription
buy cozaar without prescription
cozaar for sale
buy diabecon without prescription
diabecon for sale
buy glucophage without prescription
glucophage for sale
buy glucotrol without prescription
glucotrol for sale
buy glucovance without prescription
glucovance for sale
buy micronase without prescription
micronase for sale
buy prandin without prescription
prandin for sale
buy precose without prescription
precose for sale
buy cialis professional without prescription
cialis professional for sale
buy cialis soft without prescription
cialis soft for sale
buy cialis super active without prescription
cialis super active for sale
buy cialis without prescription
cialis for sale
buy levitra without prescription
levitra for sale
buy viagra professional without prescription
viagra professional for sale
buy viagra soft without prescription
viagra soft for sale
buy viagra super active without prescription
viagra super active for sale
buy viagra super force without prescription
viagra super force for sale
buy viagra without prescription
viagra for sale
buy celebrex without prescription
celebrex for sale
buy colcrys without prescription
colcrys for sale
buy feldene without prescription
feldene for sale
buy imitrex without prescription
imitrex for sale
buy inderal without prescription
inderal for sale
buy indocin without prescription
indocin for sale
buy naprosyn without prescription
naprosyn for sale
buy pletal without prescription
pletal for sale
buy robaxin without prescription
robaxin for sale
buy voltaren without prescription
voltaren for sale

Ener1

An advanced battery made by EnerDel, a division of Ener1

The name Ener1 may not be familiar to you.

But the company does have some of your money.

Indiana-based Ener1 is one of the major players in the new advanced battery economy that we reported on back in October. Advanced battery manufacturing has received well over a billion dollars in federal, state and local investment. The biggest chunk for Ener1 came in the form of a $118.5 million grant as part of the Obama administration’s stimulus program (the company was called EnerDel at the time).

Not surprisingly, Ener1′s bankruptcy has led to some vigorous finger-pointing in Washington.

But what will the bankruptcy mean for the battery industry in the Midwest, and the jobs it created?

The answer: Not much.

Back in October, when Changing Gears reported on the advanced battery industry, we talked to analyst Dave Hurst of Pike Research.

Today we called him back for a follow-up.

Hurst says he wasn’t at all surprised by Ener1′s bankruptcy filing. Its main customer, Think Global, went into bankruptcy in June. Ener1′s stock was delisted from the Nasdaq in December.

“They did not diversify fast enough to be able to survive,” Hurst says.

Ener1 says it will make it through bankruptcy with all of its divisions and jobs intact. The company says the bankruptcy process is more about restructuring debt obligations.

Still, Hurst says he doubts the company will remain viable in the automotive industry.

“It’s tough to see a strong business-model to be honest,” he says. “Basically they have to find a market that’s here now.”

The problem, Hurst says is the electric vehicle industry isn’t taking hold as quickly as people expected. Ener1′s CEO admitted as much in the press release that announced the bankruptcy.

Hurst says, if EnerDel is to survive, it’ll have to win business outside the auto industry, in things like energy storage for the electric grid or small batteries for power tools.

And he says Ener1 isn’t the only battery company that could be in trouble.

“Not all the ones that are out there now are going to survive,” Hurst says. “There’s just too much battery capacity for how many vehicles are coming.”

One of Ener1′s competitors, A123 Systems, laid off hundreds of workers in Michigan last year.

But ultimately Hurst believes these are just the growing pains of a new industry. There may be bankruptcies. There may be mergers and consolidations. But he says, battery manufacturing isn’t going away.

As plants start to ramp up,” Hurst says, “You’re going to see a lot more growth.”