Putting the A123 Bankruptcy in Context

Putting the A123 Bankruptcy in Context | Renewable Energy News Article

renewableenergyworld.com 19 Oct '12, 2pm

Putting the A123 Bankruptcy in Context

Yesterday’s announcement from A123 Systems needs to be viewed in the context of federal government support for clean tech to jump-start this sector, and the performance of the industry as a whole. Many More Winners Than Losers An important context is one of the main points of the government programs in question: making investments to drive innovation and progress in important areas for the United States. Congress expected to see winners and losers when it passed the relevant legislation in 2009, and the program as a whole has seen far more winners than losers so far. As the Washington Post ’s Brad Plumer says , for example: To date, 30 battery and electric drive firms have received stimulus funding. A full list is here . Two of them, A123 Systems and EnerDel, have filed for bankruptcy so far. (They haven’t disappeared, however: EnerDel continues to operate and A123′s stimu...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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