ENER1 First Quarter 2010 Earnings Call Scheduled for Monday, May 10

NEW YORK, April 26 -- ENER1, Inc. will release its first quarter results for 2010 on Monday, May 10, 2010, after the market close. Management will conduct a conference call on the same day at 5:00 p.m. Eastern Daylight Saving Time to discuss the company's results and strategic outlook for the remainder of 2010.

The call is being webcast by Thomson Financial and can be accessed on the home page of ENER1's website at http://www.ener1.com/.

To participate in the conference call, please dial 888.713.4199 from within the United States, or 617.213.4861 from outside the United States. The participant pass code is 44410278.

Participants are urged to dial into the call at least ten minutes prior to the call to register, or may preregister for the call at: http://tinyurl.com/3946g3n

Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference and will bypass the operator upon connection.

A recording of the call will be available until May 17, 2010. To access the recording, please dial 888.286.8010 from within the United States, or 617.801.6888 from outside the United States. The pass code is 37504808.

About ENER1, Inc.

ENER1 develops and manufactures compact, high performance lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana. In addition to the automobile market, applications for ENER1 lithium-ion battery technology include the military, grid storage and other growing markets. ENER1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

Safe Harbor Statement

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

  INVESTOR RELATIONS
  Rachel Carroll
  ENER1, Inc.
  Phone: 212 920 3500
  Email: rcarroll@ener1.com

  MEDIA RELATIONS
  Jon Coifman
  Waggener Edstrom Worldwide
  Phone: 212 551 4815
  Email: jcoifman@waggeneredstrom.com