Interloper, you are wrong about the $249 million-

8-K dated April 5, 2012 states:
On April 5, 2012, A123 Systems, Inc. (the “Company”) and the United States Department of Energy (the “DOE”) entered into an amendment (the “Amendment”) to the December 4, 2009 agreement between the Company and the DOE (the “Original Contract”) related to the terms and conditions of the $249.1 million grant that was awarded to the Company on August 5, 2009. The grant, which was awarded under the DOE’s Electric Drive Vehicle Battery and Component Manufacturing Initiative (the “DOE Battery Initiative”), is being used to fund the construction of new lithium-ion battery manufacturing facilities in Michigan. Under the DOE Battery Initiative, the Company is required to spend up to one dollar of the Company’s funds for every incentive dollar received. The Amendment extends the term of the Original Contract from December 2, 2012 to December 2, 2014.

Through December 31, 2011, the Company had received $127.0 million from the DOE in reimbursement for costs incurred. So there would be ~$127 million of this $1 for $1 grant left.
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Grid Storage Holdings LLC is created Form 10-Q Quarterly Report filed May 15, 2012

14. Creation of Non-Loan Party Subsidiary . Borrower has advised Administrative Agent that A123 has created a wholly-owned Subsidiary, Grid Storage Holdings LLC, a Delaware limited liability company (“ Gridstorage ”). As of the date hereof, Administrative Agent will not require Gridstorage to become party to the Collateral Agreement as a guarantor of the Borrower’s Obligations. Notwithstanding the forgoing or any other terms of the Credit Agreement, Borrowers hereby represent, warrant and covenant to the Administrative Agent and the Lenders that Borrower shall not, without the prior written consent of the Administrative Agent, (i) incur, create, assume or suffer to exist any additional Indebtedness or other liabilities or financial obligations with respect to Gridstorage, (ii) make any additional Investments in Gridstorage, (iii) transfer any assets to Gridstorage, including, without limitation, any Intellectual Property; or (iv) permit Gridstorage to conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those permitted under the Credit Agreement or own, lease, manage or otherwise operate any properties or assets.
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One of the documents linked here by others words specifically this Grid Storage Holdings LLC is not included in the assets related to the JCI money. The 10-Q wording makes me think the LLC also is not a disposable asset to satisfy the delinquent debts current. I did'nt see any 'all intellectual property' wording either. Maybe no better speculation than my 1200 shares at $.37 are at this point, Grid, Wanx, and $120 million 1 for 1 grant for 'Component factory'. I know of a little cellulose biofuel plant startup, unbuilt at present called BFRE (Bluefire), they are still bantying paperwork with the Government for some unused funds they have had a line for over a decade now that remains 'available to them applicable criteria met'.
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As would be the latest from FOX:
(1) not a peep about the CFIUS even with all the Huawei hull-a-baloo out there. CFIUS conditions would be the 'strings attached' the article denies. And that Chinese billionaire Lu Guanqiu issues paychecks to American automotive parts manufacturing workers in 6 or 8 states at 'press time', having acquired various CFIUS ok's for American acquisitions beginning late 1990's
(2) Likewise no detail about incremental investments retiring onerous AONE debt, no immediate board control at outset of deal, and Wanxiang desire to preserve Michigan and US beneficial American-facility finance arrangements and US based research talent.
(3) Or lengthy time of Wanxiang electric bus and vehicles in China market today, the benefit to AONE having Chinese host for potential sales there including grid storage demand.
(4) Just typical FOX drone "failed electric vehicle sales"---"Failed electric vehicle sales". As though the recent (as Joe Biden put it) 1.6 Trillion $$$ hit to American's wealth, public and private, property values proof not recovered, would not have a thing to do with any products 'pace of adoption'.

A small investor new to AONE I've looked in on the problems awhile, and my 'little dab' averages .34, all post McCarthy slide. I could groan at the 'laces tied together' missteps by management here and frankly, seems Wanxiang history of preserving mgmt would be an insurance for them. Wanxiang pre-CFIUS decision investment tacked on some monthes of liquidity at least. Interest, opportunity, and advancements could each or all improve this situation. Despite our nations 'reins of power' in oil-centric hands there is a broader world out there where Li-ion solutions aren't the bane of fox.

From what I've read the 'best case' savings to delivery fleet owners (1/3 cost operating electric compared to diesel) requires charging of vehicles in off-peak hours. Those trucks are used for predictable daily routes in early a.m. and business hours. A truck would not be available for 'truck sized grid-storage' during what peak hours happen then and would be 'driven off' of charge for what remained of late afternoon/early evening electric demand, the truck itself waiting for after hours off-peak rates for it's own energy requirement's charging. Article mentions military and they would have a large capacity among vehicles meant for operations in 'fully mobilized wartime footing' that are not in constant daily operation. I think the military's goal is the most seamless, streamlined, self-contained, portable, nimble, mission ready/capable means of powering all manner of system and apparatus we 'take with us wherever we go'. No doubt the future will hold exploit of many efficiencies but Duane Reades fielding 10 electric vans is not about value-added as a battery for Con-Ed on wheels.