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Published on Jan 26, 2012
Vice President Biden visited Ener1, January 26, 2011, the day after the President pledged in his State of the Union address to put one million advanced technology vehicles on the road by 2015 with the help of taxpayer funding. On several occasions, Biden called the company "Enron one" during his visit, invoking a seemingly unintentional but ultimately prescient reference to the collapse of the energy giant Enron. Ener1, which had been awarded a $118.5 million stimulus grant, filed for bankruptcy on January 26, 2012, exactly one year after Biden's visit.