Beacon’s Flywheel Power Storage System May Avoid Solyndra’s Fate
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Beacon Power Corp., a struggling energy storage company that’s received $43 million in backing from the U.S. program that supported the failed Solyndra LLC, may get a lifeline from a regulatory ruling.
The Federal Energy Regulatory Commission approved yesterday a rule providing incentive payments to companies such as Tyngsboro, Massachusetts-based Beacon, which makes flywheels that manage energy moving through the grid.