A123 Systems, a manufacturer of electric car batteries and recipient of stimulus money, filed for bankruptcy today. Brad Plumer puts this in perspective:
Of the 29 battery companies that received federal stimulus support, A123 is the second to go bankrupt. Let’s review the stimulus scorecard. You can see the full list of 29 stimulus-funded battery firms here. To date, two of them, A123 Systems and Ener1 have filed for bankruptcy.
Meanwhile, of the 26 projects to have received federal loan guarantees under the 1705 program, three have gone bankrupt, including Solyndra, Abound, and Beacon Power. (Though Beacon is still operating and has largely paid back its federally backed loans.)
The Dish 