company traded as otc pink no information bconq industry flywheel energy storage utility frequency predecessor beacon power inc. 1 founded 1997 1997 headquarters tyngsboro massachusetts u.s. area served new york united states revenue us 900 thousand 2010 2 operating income us 21 340 thousand 2010 2 net income us 22 680 thousand 2010 2 total assets us 11 940 thousand 2010 3 total equity us 28 630 thousand 2010 3 parent rockland capital llc 4 website beaconpower.com beacon power is an american limited liability company and wholly owned subsidiary of rockland capital llc specializing in flywheel based energy storage headquartered in tyngsboro massachusetts . beacon designs and develops products aimed at utility frequency regulation for power grid operations . the storage systems are designed to help utilities match supply with varying demand by storing excess power in arrays of 2 800 pound 1 300 kg flywheels at off peak times for use during peak demand . 5 contents 1 history 2 competitors 3 see also 4 notes and references 5 further reading 6 external links history edit beacon power was founded in woburn massachusetts in 1997 as a subsidiary of satcon technology corporation a maker of alternative energy management systems . the company went public in 2000 . 6 7 8 in june 2008 beacon power opened new headquarters in tyngsboro with financing from massachusetts state agencies . the new facility is intended to support an expansion of the company s operation . 5 in 2009 beacon received a loan guarantee from the united states department of energy doe for 43 million to build a 20 megawatt flywheel power plant in stephentown new york . 9 10 on 30 october 2011 the company filed for bankruptcy protection under chapter 11 title 11 united states code in the united states bankruptcy court in delaware . 11 12 as part of the bankruptcy court proceedings beacon power agreed on november 18 to sell its stephentown facility to repay the doe loan . as of 6 february 2012 rockland capital a private equity firm bought the plant and most of the company s other assets for 30.5 million . 13 rockland capital intends to rehire most of staff and to provide the capital to build a second 20mw plant in pennsylvania . 14 competitors edit there are numerous companies pursuing business opportunities presented by grid level energy storage including a123 altair nanotechnologies ener1 ngk insulators ltd satcon technology corporation valence technology and enstorage . however beacon s main competitors in flywheel technology include abb 15 berkeley energy sciences corporation 16 temporal power 17 and vycon energy . 18 this article needs attention from an expert in companies . the specific problem is beacon power inc. main operations are now owned by beacon power llc through outside acquisition . see the talk page for details . wikiproject companies or its portal may be able to help recruit an expert . july 2012 see also edit companies portal energy portal distributed generation flywheel energy storage list of energy storage projects notes and references edit beacon power company history . retrieved 2012 07 06 . a b c bloomberg income statement for beacon power inc. . retrieved 2012 07 06 . a b bloomberg balance sheet for beacon power inc. . retrieved 2012 07 06 . smart planet article . retrieved 2012 07 06 . a b peter howe june 13 2008 . beacon power puts new spin on clean energy new england cable news . satcon sells off two units for 5.6 m mass high tech september 29 2008 . beacon power s affiliate satcon technology corporation to distribute five million beacon power shares press release . satcon technology corporation . september 13 2001 . steven syre august 14 2003 . brownout at energy firms the boston globe . fact sheet the department of energy s loan programs march 5 2010 beacon power nordic windpower get 59m doe loan guarantees july 2 2009 beacon power backed by u.s. loan guarantees files bankruptcy october 31 2011 milford phil december 27 2011 . beacon power wins judge s approval for auction procedures . bloomberg . update 1 beacon power finds buyer energy dept sees return . reuters . february 6 2012 . http beaconpower.com files beacon rockland release 20120206.pdf abb powerstore . retrieved 18 january 2014 . berkeley energy sciences corporation . retrieved 18 january 2014 . temporal power . retrieved 18 january 2014 . vycon energy . retrieved 18 january 2014 . further reading edit corum lyn . the new core technology energy storage is part of the smart grid evolution the journal of energy efficiency and reliability december 31 2009 . discusses anaheim public utilities department lithium ion energy storage icel systems beacon power electric power research institute epri icel self generation incentive program ice energy vanadium redox flow lithium ion regenerative fuel cell zbb vrb lead acid caes and thermal energy storage . ricketts camille . doe charges up flywheels finalizes 43m loan to beacon power venturebeat the new york times august 10 2010 . discusses beacon power and flywheel energy storage . external links edit beacon power official website reports and white papers on flywheel based energy storage systems beacon power june 2008 newspaper article retrieved from https en.wikipedia.org w index.php title beacon power & oldid 718784119 categories energy companies of the united statesgrid energy storagemanufacturing companies based in massachusettscompanies based in middlesex county massachusettsenergy companies established in 1997companies formerly listed on nasdaqhidden categories articles needing expert attention from july 2012all articles needing expert attentioncompanies articles needing expert attention navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity 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