Beacon Power Corp. (BCON) Awarded Subcontract to Deliver Project Backed by the California Energy Commission
Beacon Power Corp. (NASDAQ: BCON) designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operations. Today the company announced it has been awarded a subcontract to implement a flywheel energy storage system as part of a wind integration R&D project sponsored by the California Energy Commission. Beacon will receive approximately $250,000 to offset R&D expenses, and will use an additional $90,000 of engineering resources for the Tehachapi project for an aggregate of $340,000 for R&D. According to the press release, the foremost goal of the project is to show that advanced control technology,…