DOE extends loan guarantees worth $43 million for Beacon Power plant

On July 2, 2009 the U.S. Department of Energy (DOE) announced that it would extend conditional loan guarantees worth $43 million to Beacon Power (NASDAQ:BCON) of Massachusetts. Beacon will use the money to construct a 20 MW commercial scale flywheel frequency regulation plant in Stephentown, NY; the...

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