Beacon Power and Department of Energy Close $43 Million Loan Guarantee for 20 MW Flywheel Plant in Stephentown, New York

TYNGSBORO, Mass., Aug. 9, 2010 GLOBE NEWSWIRE — Beacon Power Corporation Nasdaq:BCON, a leading provider of advanced energy storage products and services to support a more stable, reliable and efficient electricity grid, has closed on a million loan guaranteed by the U.S. Department of Energy DOE.� The transaction closes the financing for Beacon’s 20 [...] http://bit.ly/cG48Id