From Wikipedia, the free encyclopedia
Beacon Power (NASDAQ: BCON) is an American
corporation specializing in flywheel based energy storage headquartered in
Tyngsboro,
Massachusetts. Beacon designs and develops products aimed at utility
frequency regulation for power grid operations.
The storage systems are designed to help utilities match supply
with varying demand by storing excess power in arrays of
2,800-pound (1,300 kg) flywheels at off-peak times for use
during peak demand.[3]
History
Beacon Power was founded in Woburn, Massachusetts in 1997 as
a subsidiary of SatCon Technology Corporation, a maker of
alternative energy management systems. The company went public in
2000.[4][5][6]
In June 2008, Beacon Power opened new headquarters in Tyngsboro,
with financing from Massachusetts state agencies. The new facility
is intended to support an expansion of the company's operation.[3]
Competitors
A123, Altair Nanotechnologies, Ener1, NGK
Insulators Ltd, Satcon Technology Corporation, Valence
Technology,Enstorage.
Notes and
references
- ^
"Beacon Power wins $340K
flywheel system deal for wind project", Mass High Tech
(April 29, 2008).
- ^
Google Finance Key
Stats
- ^ a
b
Peter Howe (June 13, 2008). "Beacon Power puts new spin on
clean energy", New England Cable
News.
- ^
"SatCon sells off two units
for $5.6M", Mass High Tech (September 29, 2008).
- ^
SatCon Technology Corporation
(September 13, 2001). "Beacon Power's Affiliate,
Satcon Technology Corporation, to Distribute Five Million Beacon
Power Shares". Press release. http://findarticles.com/p/articles/mi_m0EIN/is_/ai_78228462.
- ^
Steven Syre (August 14, 2003). "Brownout at energy
firms", The Boston Globe.
External
links
Tyngsboro, Massachusetts, U.S.
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