2min chapter

The Green Blueprint cover image

The fall of a battery maker still haunts America

The Green Blueprint

CHAPTER

The US Government's Bailout of General Motors

The US government is poised to become the largest stakeholder in General Motors. The Obama team saw the bailout as a chance to encourage production of electric cars. As part of the 2009 economic stimulus package, it issued a $249 million grant to an up and coming company with a novel cathode for lithium ion batteries. A123 Systems produces advanced batteries for energy storage and next generation vehicles.

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