Ener1

• Individual grants of up to €45,000 available for Amsterdam businesses to purchase an Electric Vehicle (EV)
• Up to €250,000 available to fleet buyers requiring 20 vehicles or more
• Subsidy to cover 50% of additional costs of buying an EV over Internal Combustion Engine (ICE) vehicle

Japan's First-Ever Lithium-Ion Powered Coach to Hit Local Streets in February

Lithium-ion battery maker EnerDel announced today that it has been selected to provide the advanced, heavy duty battery systems used to power Japan's first lithium-ion-powered electric bus. The vehicle, which is already complete and ready to roll, was converted by Tokyo R&D, and is scheduled to hit the streets on regular local routes in Toyama, a coastal city located on the Sea of Japan.

State and Local Economic Development Incentives Total $69.9 Million

Lithium-ion battery manufacturer EnerDel announced today it will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. Backed by a mix of private funds and public incentives, the new facilities will more than double EnerDel's U.S. production capacity and create 1,400 new jobs.

Developing a Secondary Market to Lower Battery Costs for Automotive Buyers

American lithium-ion battery producer EnerDel announced today that it is partnering with the real estate arm of Japan's industrial trading giant, ITOCHU Corporation, to develop and produce the advanced battery systems for a residential smart grid energy storage project to be installed in a major apartment building near Tokyo. The system will provide a critical link between renewable energy, high-speed charging for electric cars and the local utility grid.

Large-format lithium-ion battery maker Ener1, Inc. (Nasdaq: HEV) today announced that it has received $20 million in fresh investment capital from ITOCHU Corporation, a Japanese commercial trading giant with deep ties in the automotive, utility and renewable energy industries. ITOCHU purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 per share.

CEO of Lithium-Ion Automotive Battery Maker Ener1 Says Aggressive Investment in Advanced Energy Storage Systems Is Key to Industry Survival, U.S. Competitiveness

Partnership with Smart Grid Leader Will Smooth Integration of Renewable Resources in Pacific Northwest

Q3 2009 revenue $8.1 million

Ener1, Inc. (Nasdaq: HEV), today announced financial results for its 2009 third quarter, which ended September 30, 2009. Revenue for the 2009 third quarter was $8.1 million compared to $7.5 million in the second quarter of 2009 and $39 thousand in the third quarter of 2008. Nine month sales were $23.8 million.

Program Will Test EnerDel's High-Performance Solutions Under the Most Extreme Conditions

Ener1, Inc. (Amex: HEV), today announced its participation at the Jefferies 6th Global Clean Technology Conference, to be held in London, England. Charles Gassenheimer, Chairman and CEO of Ener1, will present this Wednesday, October 22 at 10:45 a.m. GMT. The webcast of the presentation will be streamed live and available for viewing at http://www.wsw.com/webcast/jeff30/hev . The recording will be archived and available for viewing on the Ener1 website at http://www.ener1.com/ .