ENER1 Second Quarter 2010 Earnings Call Scheduled for August 5, 2010

NEW YORK, July 26 -- ENER1, Inc. will release its second quarter results for 2010 on Thursday, August 5, 2010, after the market close. Management will conduct a conference call on the same day at 5:00 p.m. Eastern Daylight Savings 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 888.713.4216 from within the United States, or 617.213.4868 from outside the United States. The participant pass code is 22918250.

Participants are urged to dial into the call at least ten minutes prior to the call to register, or may pre-register for the call at: https://www.theconferencingservice.com/prereg/key.process?key=P8VHVFVNE

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 August 12, 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 participant pass code is 45157363.

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