Ener1 Inc. Wins Governor's Innovation Award for Advancements in Fuel Cell Technologies

Florida Gov. Jeb Bush Recognizes Company for Achievements, Leadership

Sep 19, 2005, 01:00 ET from Ener1, Inc.

    FT. LAUDERDALE, Fla., Sept. 19 /PRNewswire-FirstCall/ -- Ener1, Inc.
 (OTC Bulletin Board:   ENEI) announced today that it has won the annual Florida
 Governor's Innovation Award for its development of unique fuel cell
 technologies.  Ener1 was judged to "best exemplify innovative leadership"
 based on Ener1's alternative fuel technologies, specifically its subsidiary
 EnerFuel's ongoing partnership with the state of Florida in the development of
 a methanol fuel cell to power a rest area along an interstate highway.
     Florida Gov. Jeb Bush recognized the Company's efforts in helping
 diversify the state's economy during Florida's Industry Appreciation Week.  A
 luncheon to honor Ener1 and other Florida companies to receive awards will be
 held today.
     "The awards are presented each year to recognize exemplary business
 leaders who stand out for their notable achievements and community
 contributions," said Gov. Bush.  "The awards celebrate entrepreneurial spirit,
 volunteerism, innovation and leadership."
     EnerFuel, one of three alternative energy subsidiaries of Ener1, recently
 won a grant from the Florida Hydrogen Initiative for its fuel cell project
 known as the "HyTech Rest Area."  The methanol used to power the hydrogen fuel
 cell will be derived from theme park food waste and orange peels from the
 state's citrus processing plants.  The project will also help educate tourists
 and commuters on the benefits of clean energy, at the same time improving the
 environment and decreasing dependence on foreign sources of energy.
     "We are committed to making the benefits of alternative energy a reality
 for everyone in our state and in other parts of the world as well," said Kevin
 Fitzgerald, Ener1 CEO.  "Each of our three subsidiaries, including EnerDel and
 NanoEner along with EnerFuel, is focused on the development of renewable power
 sources and related technologies.  We are honored to be recognized by Governor
 Bush and by The Broward Alliance, which nominated us for this prestigious
     About Ener1, Inc.
     Ener1, Inc (OTC Bulletin Board:   ENEI) is an energy technology company.
 The company's interests include: 80.5% of EnerDel (www.enerdel.com), a lithium
 battery company in which Delphi Corp. owns 19.5%; 49% of Enerstruct, a
 Japanese lithium battery technology company in which Ener1's strategic
 investor ITOCHU owns 51 %; wholly owned subsidiary EnerFuel, a fuel cell
 testing and component company (www.enerfuel.com); and wholly owned subsidiary
 NanoEner, which develops nanotechnology-based materials and manufacturing
 processes for batteries and other applications (www.nanoener.com).  For more
 information, visit http://www.ener1.com.
     Safe Harbor Statement (ENER1, Inc.)
     This release contains forward-looking statements within the meaning of the
 Federal Private Securities Litigation Reform Act of 1995 conveying
 management's expectations as to the future based on plans, estimates and
 projections at the time the statements are made.  The forward-looking
 statements contained in this press release involve risks and uncertainties,
 including, but not necessarily limited to, the ability of Ener1 to complete
 the proposed spin-off of its equity interests in EnerDel, Inc., NanoEner, Inc.
 and EnerFuel, Inc., including securing financing to adequately capitalize each
 company and obtaining required regulatory and third-party approvals;
 successfully develop and market proposed lithium battery, fuel cell and
 nanotechnology-based products and services; Ener1's plans to reduce costs and
 gain a competitive advantage by consolidating manufacturing operations and
 implementing automated production processes; charges Ener1 will incur in
 connection with consolidating manufacturing operations; the degree of
 competition in the markets for lithium battery, fuel cell and
 nanotechnology-based products and services, Ener1's history of operating
 losses, the lack of operating history for the development stage Ener1
 businesses, the need for additional capital, the dependency upon key personnel
 and other risks detailed in Ener1's annual report on Form 10-KSB for the year
 ended December 31, 2004, as well as in its other filings from time to time
 with the Securities and Exchange Commission.  These risks and uncertainties
 could cause actual results or performance to differ materially from any future
 results or performance expressed or implied in the forward-looking statements
 included in this release.  Ener1 undertakes no obligation to publicly update
 or revise any forward-looking statements, whether as a result of new
 information, future events, or otherwise.
      Contact:  Michael Mason (investors)             Alys Daly
                Allen & Caron Inc                     Ener1, Inc.
                212 691 8087                          954 556 4020
                michaelm@allencaron.com               adaly@ener1.com

SOURCE Ener1, Inc.