Print
Email
Print Edition Stories
UMass President Jack Wilson on Entrepreneurship
Carbonrally joins gaming with cutting carbon emissions
Beacon Power Corp. has received a patent for technology the company says allows on-site power generation resources to continue operating in the event of a grid failure, the company announced Tuesday.
Beacon Power (Nasdaq: BCON) said its new “fundamental smart grid” patent covers the underlying technology of its new “SmartLink” system, which the company said it believes may be used in a broad range of applications for on-site power generation. Currently, the majority of on-site resources turn off automatically when the grid fails, according to Beacon Power.
Meanwhile, the Tyngsboro-based developer of energy storage technology said its net loss in the third quarter widened to $5.5 million, from a net loss of $4.1 million in the same period in 2009. The company reported revenue of $124,000 for the third quarter, compared to quarterly revenue of $273,000 a year earlier.
In August, Beacon Power closed on a $43 million loan from the U.S. Department of Energy for its “flywheel” energy storage plant in Stephentown, N.Y., but was denied a loan from the DOE in October for a second New York plant.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
