Amara Raja Batteries, the country s second-largest automotive battery maker, has opened the country s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh. The advanced lithium-ion technology research hub, the pilot project located at its headquarters in Tirupati, will become the country s first lithium-ion cell manufacturing facility in the private sector over the next few years, Amara Raja Batteries CEO S Vijayanand told PTI. The company has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019. Vijayanand said Amara Raj has already invested Rs 20 crore into the hub, excluding technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won competitive bids from the national space agency.
marketplace, is the federal government going to pick winners and losers in the case of the green program with solyndra and we remember the failed programs and the list went on and on. another round of spending is now back. that troubled green loan program which led to huge amounts of money to solyndra which collapsed and sold off what assets they have is coming back. the government says we never went away, but because of basically human outcry over solyndra, we had a quiet period where they were not loping out money like they did to solyndra, $527 million. what a bust. a look at the other companies dealing with this. $527 money to solyndra. a123 systems got $142 million. $55 million to abound solar. $40 to $60 million to bee bonn
al gore and, you know, just like solyndra seems like these guys who have real great connections to the president, somehow get involved in these things and what i love to see once the dust settles on this one way or the other to see how protected some investors were. you remember in solyndra a deep pocketed billionaire whose risk came before our risk. in other words, you know what? if something goes wrong we ll pay you off. gregg: that is against the law by the way. i want to put up on the screen some of the companies that have gone belly-up. solyndra, 527 million in taxpayer money. beacon power, 43 million. abound solar, 68 million. and i will add to the list some other companies. enter 1, a123 systems. fisher coach works. what is going on. are the people, for example, in the government and department of energy simply not qualify to look at a company and decide whether it s a make-or-break company? well, they re definitely not qualified.