Apr 9, 2012

Just like we handed solar tech to China, U.S.-backed battery company's sale to Russian tycoon sparks anxiety in DOE

Department of Energy invested millions to develop cutting-edge technology to power electric vehicles, but that know-how is now in Russian hands... 

"One of the nations of the world is going to lead the world in green energy and technology," Vice President Joe Biden said in January 2011 in a speech praising federal support for Ener1 at its facility in Indiana. That nation, it turns out, is Russia. A little more than a year after Biden's visit to Ener1's Indiana manufacturing plant, the company's technology is owned outright by Boris Zingarevich, a Russian businessman with ties to Russian President Dmitry Medvedev, a fact that concerns some technology experts in the U.S

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