Beacon Power Nabs $24 Million Grant from DOE for Smart Grid R&D

Beacon Power Corp., Tyngsboro, Mass., a designer and developer of advanced products and services to support more stable, reliable and efficient electricity grid operation, announced on Nov. 24 that the U.S. Department of Energy (DOE) had awarded it a stimulus grant valued at $24 million for use in the construction of a second 20 MW flywheel energy storage plant, to be located in Chicago. Details