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.
California Energy Commission Awards Beacon Power $1.2 Million Contract for Major Energy Storage Project
Beacon Power Corp (BCON) announced that it has executed a contract with the California Energy Commission to demonstrate an advanced energy storage solution for frequency regulation and grid stability. At a business meeting on December 1, 2004, the California Energy Commission had given its approval to the project, leading to contract negotiations that have now been finalized. The contract is expected to produce approximately $1.2 million of revenue, with the majority of it in 2005.
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.
Beacon Power Corp (BCON) announced that it has recently been awarded a United States patent for the unique design and construction of its composite flywheel rim, and that a few days ago, it received a written notification that another U.S. patent on the rim is to be granted in early February 2005. The composite rim is a key component of a flywheel energy storage system, as a rim's mass and ability to spin at high speeds have a direct relationship to the amount of energy that can be stored. Beacon Power, a pioneer in this technology, has been...
Active Power Inc (ACPW) announced the shipment of its first CleanSourceÂ® 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...
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.
Beacon Power Corp (BCON) announced that on November 17 it received a letter dated November 16, 2004 from the Nasdaq Stock Market, stating that the Nasdaq Listing Qualifications Panel has granted the Company an additional 180 days to regain compliance with marketplace Rule 4310(c)(4). What this means is that Beacon is going to do everything in its power to get the stock price back above $1. They had a nice run up to .80 in October but have since fallen back down to the .40 range. Shares in BCON are up 10% today on this reprieve.
Active Power Inc (ACPW) announced that it has received its first order for two multi-megawatt systems in a parallel configuration. With this order, the total number of megawatt UPS systems sold is now eleven, with eight of these sales occurring in the last 4 months. Active Power's products are a proven alternative to problematic battery-based systems. CleanSource flywheel technology uses the kinetic energy from a constantly spinning steel flywheel to eliminate the need for lead acid battery-based systems.
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 CleanSourceÂ® XR.
Active Power Inc (ACPW) announced that it successfully operated a prototype of its new battery-free energy storage system at 10 kilowatts (kW) for over 2 hours, a milestone that positions the new product well for the telecommunications segment. "The runtime of this prototype system is already 60 times that of our flywheel product and yet offers the same battery-free benefits," stated Joe Pinkerton, Chairman and CEO of Active Power, Inc. "A battery-free system that provides hours of backup time will allow Active Power to pursue the $4 billion telecommunications backup power market."