Boston Business Journal by Galen Moore, Web Editor
Date: Monday, October 31, 2011
Beacon Power has filed for bankruptcy, after struggling to find the financing it needed to build a second energy regulation plant.
.. ..If the U.S. government is picking winners and losers in alternative energy, Beacon Power Corp. .Beacon Power Corp. Latest from The Business Journals Feds defend Beacon Power loan guarantees Boston law firm Edwards Wildman is top Beacon Power creditor Stephentown plant owner Beacon Power files for bankruptcy Follow this company .(Nasdaq: BCON) may be one of the firms Uncle Sam has allowed to lose. Facing delisting from the Nasdaq for its rock-bottom stock price, the Tyngsboro, Mass. maker of smart grid technology has filed for Chapter 11 bankruptcy, following California-based Solyndra .Solyndra Latest from The Business Journals Second firm with federal loan guarantee goes bankrupt Solyndra loan under review Stephentown plant owner Beacon Power files for bankruptcy Follow this company .as another U.S. government-backed alternative energy company now seeking protection from creditors.
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1 comment:
Rube Goldberg is alive and well. This is the ancient argument over AC and DC. Rube Beacon is trying to store ac as ac. May as well try it as a perpetual motion device. Hacks. Brilliant in its concept. DC isn't exactly renewable, but it can be stored and recreated as ac much more efficiently. AC is about 70% effective as a generated current. people have to change their way of thinking. Oh yeah, I might be talking gibberish here. Gotta go take my meds.
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