David Vieau, chief executive of A123 Systems Inc., has always managed to find new markets and new money just when the advanced battery maker really needed them.
When the Waltham company was a small start-up searching for a customer, Vieau convinced power tool maker Black & Decker to buy his firm’s lithium ion batteries — even though A123 had no commercially available product. After General Motors chose a competitor to make batteries for the Chevy Volt, Vieau landed contracts with Chrysler and SAIC Motor Corp., China’s largest car maker.

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We
We will "power" through it? That's a bit lame.
Massachusetts, deemed the incubator of the US for renewable companies by the Patrick Administration, is the epicenter of green business venture failures. Like Evergreen Solar, $58 million (state); Beacon Power, $43 million, (feds); Boston Power-left for China; Konarka, $20 million, (feds), $5 million, (state); A123 is a wasted $263 million public investment. June 12, 2012, Forbes: [A123} "It went public in September 2009 at $19.60 and now its shares go for $1.04. In addition to that 95% plunge, the company lost $125 million in the first quarter of 2012 on sales that fell 40%, reports the New York Times. Since 2008, A123 has lost over half a billion dollars — never coming close to making a profit..." http://www.forbes.com/sites/petercohan/2012/06/12/is-a123-electric-battery-a-waste-of-263-million-in-government-funds/ National Legal and Policy Center After Layoffs, Execs Get Big Raises at Taxpayer-Funded A123 Submitted by Paul Chesser on Wed, 02/15/2012 - 21:05 Excerpts only: Full article can be found, here: http://nlpc.org/stories/2012/02/15/after-layoffs-big-exec-raises-taxpayer-funded-a123 "Massachusetts-based A123 Systems -- which received $279.1 million in stimulus money from the Department of Energy, and up to $135 million in incentives from the State of Michigan -- boosted the base salaries of two vice presidents and its chief financial officer on February 8." Mass Clean Energy Loan— The Company has a forgivable loan from the Massachusetts Clean Energy Technology Center for $5.0 million. http://bjdurk.newsvine.com/_news/2012/03/27/10887207-massachusetts-green-bubble-alert-a123-systems-aone