BCON up over 147% today

Beacon Power Corp (BCON) was up over 147% at the close today. This move was primarily based on two project wins. One with the New York State Energy Research and Development Authority and the other with the California Energy Commission. The projects would have Beacon Power provide grid frequency regulation and reactive power by utilizing its flywheel energy storage system. The final terms and conditions of the projects have not been disclosed.

Active Power Receives 6 MW Order from Eaton Powerware

Active Power Inc (ACPW) announced an order from Eaton Powerware for twelve 500 kW DC flywheel systems. These units will ship in the first half of 2006 and be used to upgrade the power infrastructure of an existing data center in the United States.

Active Power – A Solid Investment Opportunity And A Valuable Object Lesson For Investors

John Petersen In December 2008 I went hunting for opportunities in the energy storage sector and selected six pure-play stocks that seemed seriously undervalued. I bought Enersys (ENS) at $6.00, Exide Technologies (XIDE) at $2.00 and Active Power (ACPW) at $0.26. While Enersys and Exide have been fabulous performers with appreciation to date of 442% and 397%, respectively, Active Power has been the runaway champion with appreciation to date of 923%. My other three picks have performed poorly. C&D Technologies (CHHP.PK) is down 96% and finalizing a restructuring that will give 95% of its equity to...

Beacon Power Delivers Flywheel-Based Power System to Bechtel Bettis, Inc.

Beacon Power Corp (BCON) announced that it has delivered a flywheel-based power system to Bechtel Bettis, Inc., under a contract that it announced in March 2005. The demonstration system, built using a Smart Energy 6 flywheel, is designed to provide a high cycle-life, reliable source of stored energy for a number of potential applications. "This system we've delivered to Bechtel Bettis is an example of our strategy to address additional market opportunities beyond our primary business focus of providing advanced technology solutions for electric power systems," said Bill Capp, Beacon Power president and CEO. "We continue to seek...

Viva the Cleantech Revolution

It’s official! Cleantech, the sixth industrial revolution, has arrived on time and in the midst of extraordinary crisis. Like every good revolution, blood is flowing in the streets; the guillotine is en route to Wall Street and the mob is so busy plotting retribution for the excesses of the past that most have no time to consider the future. But as yesterday’s dynasties decay, crumble and fall, a new generation of visionaries is already building on the wreckage of the past. These are indeed troubled times that bear an eerie resemblance to the opening sentence from A Tale of...

Why I’m Long Active Power

10.08.09 ACPW John Petersen This morning I awoke to a comment from Seeking Alpha contributor Michael Eisenberg who asked me to lay out my core thesis on why Active Power, Inc. (ACPW) merits attention from investors who are interested in the energy storage sector. While Altenergystocks and Seeking Alpha don't generally like to publish articles about companies that trade for under a dollar, I believe Active Power merits an exception to the general policies. As regular readers know, I've been a small company securities lawyer for almost...

Grid-scale Energy Storage: Lux Predicts $113.5 Billion in Global Demand by 2017

John Petersen Last month Lux Research released a bottom-up evaluation of the cost effectiveness of eight energy storage technologies in six grid-scale applications throughout 44 countries, including all 50 U.S. states. Their report titled "Grid Storage under the Microscope: Using Local Knowledge to Forecast Global Demand" predicts that annual global demand for grid-scale energy storage will reach an astounding 185.4 gigawatt-hours (GWh) by 2017 and represent a $113.5 billion incremental revenue opportunity for an industry that currently generates sales of $50 to $60 billion a year. In the grid-scale sector alone, Lux predicts an average...

Active Power Ships First CleanSource XR Unit

Active Power Inc (ACPW) announced the shipment of its first CleanSource® XR evaluation unit to one of the largest producers of electricity in the United States. The CleanSource XR unit will be tested under a variety of conditions for both backup power and load-shifting applications. CleanSource XR stores energy in the form of heat and compressed air. When power is needed, the compressed air is routed through a thermal storage unit to acquire heat energy. The heated air spins a simple turbine-alternator to produce 5 to 85 kW of electric power for up to several hours. Unlike commonly...

New York Energy Authority Awards Beacon Power Contract to Demonstrate Flywheel Energy Storage System

Beacon Power Corp (BCON) announced that yesterday it received from the New York State Energy Research and Development Authority (NYSERDA) an executed contract between Beacon Power and NYSERDA under a joint initiative between the U.S. Department of Energy (DOE) Energy Storage Research Program and NYSERDA, to demonstrate an advanced energy storage solution for frequency regulation and grid stability in New York State. The contract is expected to produce approximately $645,000 of revenue, nearly all of it in 2005. The stock is trading up over 20% today on this news.

New Investment Report Highlights $360-Million Market for Power Grid Frequency Regulation Services in the...

The market for grid frequency regulation services open to new service providers in the United States in 2004 was valued at nearly $360 million - and is expected to increase in 2005 - according to a Technology Brief issued today by Ardour Capital Investments, LLC. Frequency regulation is the target market for Beacon Power Corp (BCON) Smart Energy Matrix flywheel energy storage system, two demonstration systems of which are being built under contract to the California Energy Commission (CEC) and the New York State Energy Research and Development Authority (NYSERDA). The Technology Brief is available online at www.ardourcapital.com, under...

Beacon Power Announces Compliance with NASDAQ Continued Listing Requirement Related to Closing Bid Price

Beacon Power Corp (BCON) announced that on March 2, 2005, it received a letter from The NASDAQ Stock Market stating that because the closing bid price of the Beacon's common stock has been at $1.00 per share or greater for at least 10 consecutive business days, Beacon has regained compliance with Marketplace Rule 4310(c)(4). This is wonderful news for BCON.

Beacon Power to Present on Two Flywheel Energy Storage Topics at POWER-GEN Renewable Energy...

Beacon Power Corp (BCON) is scheduled to deliver two presentations at conference sessions next week at the 2nd Annual POWER-GEN Renewable Energy Conference and Exhibition, held at the Las Vegas Hilton from March 1-3. Both presentations will focus on the role of flywheel energy storage systems, and Beacon's patented technology in particular, in critical power grid applications.

Active Power Unveils Revolutionary New Technology

Active Power Inc (ACPW) announced the details behind its latest breakthrough in alternative energy storage. The new technology, based upon the innovative combination of several mature technologies, constitutes a monumental achievement in energy storage by providing the extended runtimes of lead-acid batteries without any of the well-known shortcomings of these cells. This Thermal and Compressed Air Storage (TACAS) technology will be incorporated into Active Power's newest product that will begin shipping as an alpha unit late this year, the CleanSource® XR.

A Very Smart Plan for Federal Smart Grid Grants

In mid-February President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), a massive spending bill that spawned gigabytes of analysis and comment from bloggers like me. Unlike many, I've tried to stay politically agnostic and focus solely on the economic impact of ARRA on companies that manufacture batteries and other energy storage devices. From that limited perspective, everything is wonderful! The principal energy storage appropriations included in the ARRA were: $4,500,000,000 for grants for “Electricity Delivery and Energy Reliability” including activities to modernize the electric grid, include demand response equipment, enhance security...

NanoMarkets LLC Forecasts $8.3 Billion Annual Market For Smart Grid Batteries By 2016

In August of last year I wrote an article titled "Grid-based Energy Storage: Birth of a Giant." Over the last 12 months I've written a series of follow-on articles that discuss the principal classes of manufactured energy storage devices and the companies that are making or planning to make products for smart grid energy storage applications. My entire archive of articles on the energy storage sector is available here. One of the biggest problems I've encountered over the last year has been a dearth of reliable third party information that can help investors understand the breadth and...

Largest Airport in Mexico Selects Active Power for Backup Power Solution

Active Power Inc (ACPW) announced that the largest airport in Mexico, Aeropuerto Internacional de la Ciudad de Mexico (AICM), has selected its battery-free CleanSource® UPS to protect runway and taxiway lighting. Additionally, a new terminal that will begin construction this year will also be supported by Active Power's battery-free systems. Deliveries against this order started in Q4 of 2005 and will continue through the first half of 2006. Active Power is following a good business model of selling into a niche that it already has a good presence in (FuelCell Energy has a similar practice with Hotels.)...