Beacon Power Receives Contract from Bechtel Bettis, Inc. to Demonstrate Advanced Flywheel-Based Power System

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Beacon Power Corp (BCON) has announced that it has been awarded a contract from Bechtel Bettis, Inc., to design and deliver an advanced flywheel-based power system demonstration unit. Bill Capp, Beacon Power president and CEO says “…Although this contract is not considered material from a revenue standpoint, these types of projects are significant because they extend our technology portfolio, help defray operating expenses, and can lead to other business opportunities.” [ more ]