EnerDel to Join Panel of Lithium-Ion Battery Leaders at Global Environmental Conference


INDIANAPOLIS, March 12 - EnerDel, the advanced automotive battery systems division of alternative energy company Ener1, Inc. (BULLETIN BOARD: ENEI) , announced today that it will participate in Globe 2008, a leading biennial environmental conference put on by the Globe Foundation that will for the first time dedicate a large segment to the future of the automotive industry and specifically the lithium-ion battery.

Globe 2008 will incorporate into the conference, which will gather thousands of corporate executives, government decision makers and leaders of the environmental industry in Vancouver, Canada March 12-14, an event titled Auto FutureTech Summit 2008. The Summit "will reflect the level of innovation occurring in the auto industry, which is engaged in a process of -- nothing less -- reinventing the automobile," according to organizers.

EnerDel CEO Ulrik Grape will participate in a 90-minute "arm-chair" discussion together with Compact Power, Inc. of Troy, MI and A123 Systems of Watertown, MA in a session titled "Lithium Batteries: The Game-Changing Green Car Technology." The discussion will be moderated by lithium-ion technology expert Ann Marie Sastry, Professor of Mechanical Engineering at the University of Michigan, Ann Arbour, MI.

"Recognition by the prestigious Globe Foundation of the centrality of the lithium-ion battery to the future of the automotive industry is yet another powerful sign that a new advanced automotive battery technology has emerged," Mr. Grape commented. "Coming on the heels of the Geneva Auto Show last week, at which several major automotive companies announced plans to start using lithium-ion battery systems as early as 2009, it's clear that what was once future is now present."

Additional information about the conference can be found at www.globe2008.ca

About EnerDel

EnerDel is owned by Ener1, Inc. (80.5%) and Delphi Corporation (19.5%). EnerDel has a pilot production facility in Indianapolis, Indiana. EnerDel currently employs approximately 60 highly experienced engineers and technicians involved in the battery development of both cells and systems. For more information, please visit: www.enerdel.com

About Ener1, Inc.

Ener1, Inc. (BULLETIN BOARD: ENEI) is a demand-side alternative energy technology company that is developing 1) lithium ion batteries for hybrid and electric vehicles (HEV, PHEV and EV) at its 80.5% owned EnerDel subsidiary, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary.

For more information, visit www.ener1.com/ and or call 954-556-4020.

Contact:
Michael Mason(investor relations)
Allen & Caron Inc.
212 691 8087
michaelm@allencaron.com

Jerry Herlihy (Ener1)
954 556-4020 x310
Jherlihy@ener1.com

FCMN Contact: Jherlihy@ener1.com

Source: Ener1, Inc.

Web site: www.ener1.com/
http://www.enerdel.com/
http://www.globe2008.ca/

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