Monday, October 31, 2011

Another Energy Company Goes Belly-Up

Beacon Power Corporation, which received $39 million in government loans through the same program that Solyndra used, has file Chapter 11 bankruptcy. This company was developing energy storage using "flywheels".

According to the company's CEO, the "capital intensive" business did not attract enough in investments or make enough to sustain business.

For more information, click here.

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