Articles

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.

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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.

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Hybrid-vehicle hopeful Bright Automotive folding

Bright Automotive Inc., an Anderson company that once hoped to become a major hybrid-vehicle player with hundreds of employees in central Indiana, has called it quits after failing to land a $450 million government loan.

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Green roofs slow to take root in Indianapolis

Indianapolis’ movement toward installing green roofs on commercial buildings has advanced slowly but steadily, in spite of a poor economy and the availability of cheaper (at least in the short run) alternatives.

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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.

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