That Green economy is going gang busters….
It’s a stunning fall for an alternative energy company once viewed by the administrations of President Barack Obama and Governor Deval Patrick as a key component of a clean-energy driven economy. The US Department of Energy pumped hundreds of millions of dollars into A123, including a nearly $250 million grant to build an automotive battery plants in
Obama administration officials did not immediately respond to requests for comment.
“AOne sold the majority of its products at a gross loss, meaning it cost AOne more to make the product than it could sell it for,” said Andrea James, a senior research analyst who followed the A123 for Dougherty & Co. LLC in
.. “It does no
good to be an industry leader in a money losing