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The Boston Globe

Business

A123 is latest aid recipient to file bankruptcy

But analysts still say US help for energy start-ups is vital

The bankruptcy of a Waltham battery maker, A123 Systems Inc., marks another blemish on President Obama’s record for investing government dollars in alternative energy start-ups.

The president had touted A123 as a model of his administration’s efforts to fund new American manufacturing capabilities in clean technology. The company was awarded $249 million in federal stimulus funds to help pay for plants in Michigan that were supposed to create 3,000 jobs.

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