Ener1 Subsidiary NanoEner Inc. to Participate in NanoCommerce/SEMI NanoForum 2005

CEO Gary McDaniel to Discuss Company's Vapor Deposition Solidification (VDS)

Applications for Solar Energy

Oct 27, 2005, 01:00 ET from Ener1, Inc.

    FORT LAUDERDALE, Fla. and CHICAGO, Oct. 27 /PRNewswire-FirstCall/ -- ENER1
 (OTC Bulletin Board:   ENEI) nanotechnology subsidiary NanoEner Inc., announced
 today that its CEO Gary McDaniel will participate in a panel discussion
 regarding the latest advances in solar power technology at NanoCommerce/SEMI
 NanoForum 2005.  The discussion will take place at 11:30 a.m. (Central) on
 Wednesday, November 2.  The conference will be held at Chicago's McCormick
     NanoCommerce/SEMI NanoForum 2005 represents a partnership of two premier
 nanotechnology events and is the largest business oriented nanotech show in
 North America.  It unifies nanotechnology businesses and technology leaders by
 breaking across traditional industrial boundaries to explore new growth
     NanoEner is developing nanotechnology-based materials and manufacturing
 processes that represent major innovations in battery and power technologies.
 The Company's Vapor Deposition Solidification (VDS) process is being used to
 produce battery electrodes (anodes and cathodes) with substantially more power
 output and faster recharging time.  The VDS process can also be used for the
 manufacture of a new generation of advanced thin film photovoltaic solar cells
 that have great efficiency and lower cost per watt.
     "The VDS process allows for the creation of a wide variety of advanced
 nano-structured materials," said Gary McDaniel, CEO of NanoEner.  "These novel
 materials provide superior performance compared to conventional thin film
 coating.  These thin cell materials have shown tremendous promise in
     McDaniel has more than 25 years of senior management and operations
 experience, most recently as president and CEO of Nanox, Inc., a company that
 develops nanostructured materials.  At NanoEner, he is charged with
 transitioning the nanotechnology operation from R&D to applications
 engineering, product design, manufacturing and sales.  Prior to his tenure as
 president and CEO of Nanox, McDaniel held senior posts at Tricat Industries, a
 global manufacturer of nano- and microadvanced materials; Katalistiks, a
 $90 million manufacturer of petroleum refinery catalysts; and the chemicals
 divisions of AZKO Noble and W.R. Grace and Company.
     About Ener1, Inc.
     Ener1, Inc. (OTC Bulletin Board:   ENEI) is an alternative 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
     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, EnerDel's ability to succeed as a
 supplier of batteries to the hybrid electric vehicle and other markets; 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.