3SOF

A little here, and a little there.......

I see BCON is taking a nice bounce and now has gaped up.
I meant to run a post on it the other day...Had a brain fart 
I always like to play BCON when I can, one of my buddies! 



52wk Range: 0.32 - 2.18
Volume: 8,573,347
Avg Vol (3m): 1,240,180

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
38.27%above 13-day MA
37.43%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $51.50 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/08/2009
Last Analyst Rating: Hold

Press Release Source: Beacon Power Corporation
Beacon Power Affirms Strong Support for $4-Billion Federal Government Energy Storage and Smart Grid Initiatives
Company Plans to Pursue Energy Storage Project Funding Opportunities Through U.S. Department of Energy Technology Development Grants


TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced its full support for the U.S. Department of Energy's (DOE) new smart grid technology development project funding programs. The program plans were announced on April 16, 2009, by Vice President Joe Biden and Commerce Secretary Gary Locke.

The Vice President outlined plans to distribute grants for smart grid technology development ($3.3 billion) and for smart grid storage, monitoring and technology viability (an additional $615 million). As part of Vice President Biden's announcement, the DOE released a draft Funding Opportunity Announcement (FOA) for a smart grid regional demonstration initiative. Beacon Power has reviewed the initial FOA and plans to apply for one or more grants to support deployment of the Company's energy storage technology for grid frequency regulation.

"We're very pleased that the Obama administration and DOE have determined that energy storage and smart grid technologies merit funding support to demonstrate the benefits their implementation will bring to our nation's power grid," said Bill Capp, Beacon president and CEO. "It's very encouraging that flywheels have been specifically recognized as a candidate technology in the draft Funding Opportunity Announcement."

"We are reviewing the relevant energy storage project opportunities," Capp continued, "and we look forward to the details being finalized by DOE. We then expect to submit one or more grant proposals which, if successful, will help Beacon demonstrate how our flywheel technology can provide utility-scale frequency regulation service cleanly and efficiently, and in accordance with federal smart grid requirements."

The draft FOA includes proposed funding for one or two energy storage demonstration projects for grid frequency regulation. The proposed total funding to be made available for the project(s) is $40-50 million, on a 50% applicant cost-share basis. The DOE has not yet announced a schedule for finalizing the FOA, or for submission deadlines or award announcements.


In addition to and separate from this new funding opportunity from the federal government, Beacon Power and DOE are in the final due diligence stage of the Company's application for a loan guarantee. The loan guarantee, if approved and successfully negotiated, could lead to funding for a large majority of the cost of Beacon's proposed 20-megawatt flywheel frequency regulation plant in Stephentown, New York. The proposed new DOE grant funding opportunities described above are additive to Beacon's loan guarantee application – that is, Beacon has the potential to be awarded both a loan guarantee and one or more co-funding grants under the new DOE initiative.

About the Draft Funding Opportunity Announcement (FOA)

The Department of Energy's draft FOA outlines opportunities to apply for grants that will co-fund utility-scale energy storage projects based on advanced technologies, including flywheels. The specific language in the FOA is as follows:

"An objective of this FOA is to support demonstration projects for major, utility-scale, energy storage installations. The projects will help to establish costs and benefits, verify technical performance, and validate system reliability and durability, at scales that can be readily adapted and replicated across the United States. Energy storage systems include the following technologies: advanced battery systems (including flow batteries), ultra-capacitors, flywheels, and compressed air energy systems. Application areas include wind and photovoltaic (PV) integration with the grid, upgrade deferral of transmission and distribution assets, congestion relief, and system regulation. Applications are also sought to demonstrate promising utility-scale storage technologies in order to rapidly advance their market readiness in the U.S." [Emphasis added.]

Within the draft FOA's Utility-Scale Energy Storage Area of Interest are a number of sub-areas, including frequency regulation, for which project proposals are being sought. The draft FOA describes the frequency regulation requirements as follows:

"Frequency regulation ancillary services are important to balancing areas, independent system operators (ISOs), regional transmission operators (RTOs), and electricity market operations. Technology application areas include balancing generation and load to maintain system frequency within NERC-defined limits, maintain power transmission and distribution stability and reliability, improve regional energy efficiency, and reduce CO2 greenhouse gas emissions.

Applications should address the following goals:


•Fast-response multi-megawatt system that can achieve full power in 4-seconds or less, up or down
•Zero CO2 emissions from operations: system does not consume any fossil fuel but recycles electricity between the grid and energy storage system on a continuous basis
•Energy storage capacity: shall be sufficient to perform frequency regulation as defined by the applicable tariff, but in no case less than 15 minutes as measured from a state of rated charge to rated discharge
•Efficiency: Minimum round trip efficiency of 75% as measured at the last transformer interconnecting the system to the grid and inclusive of all losses of the storage system and ancillary equipment, based on an actively managed control signal designed for energy storage assets
•Frequency Response capability: in addition to performing frequency regulation, system has the capability to perform Frequency Response to help the regional system recover from events such as loss of generator or transmission capacity
•System life: 10-year minimum; also provide cost option to extend life to 20-years
•Installation, commissioning and start-up: 3 years or less after project award
•Capacity: must be sufficient to bid into open regulation market
•Hazardous materials: provide MSDS listing, as relevant
•Prior to installation, ability to operate at maximum rated charge/discharge rate sufficient to reach stable operating temperature must be demonstrated
•Prior to installation, ability to accurately respond to ISO/RTO signaling must be demonstrated

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so, especially in view of the current situation in the financial markets; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection approvals, landlord approvals, or other zoning and construction approvals in a timely manner; limited experience manufacturing commercial products or supplying frequency regulation services on a commercial basis; limited commercial contracts for revenues to date; the dependence of revenues on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.


Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

chart update look...

52wk Range: 0.32 - 2.18
Volume: 9,649,472
Avg Vol (3m): 1,598,150

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
33.91%above 13-day MA
64.65%above 50-day MA
RS Rating: 96 

Fundamentals
Earnings Expected on May 8

Key Data:
Market Cap (M): $75.60 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/08/2009
Last Analyst Rating: Hold

Press Release Source: Beacon Power Corporation
Beacon Power Awarded $2 Million to Support Deployment of Flywheel Plant in New York
On Wednesday June 10, 2009, 12:31 pm EDT

TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has been selected by the New York State Energy Research and Development Authority (NYSERDA) for a project award valued at $2 million, subject to negotiations for the project contract. The award would provide partial funding for 1 megawatt (MW) of flywheel energy storage in Stephentown, New York – the first of 20 MW that Beacon expects to build and operate on the site.

Under the anticipated contract, the NYSERDA funding will partially pay for the design, site preparation, flywheel production, installation, system commissioning, data monitoring and analysis of a 1 MW Smart Energy Matrix that would provide frequency regulation services. As part of the same award, NYSERDA is also providing partial funding for certain interconnection components of the 20 MW frequency regulation plant that Beacon plans to construct on the Stephentown site.

The 1 MW Smart Energy Matrix will be initially connected to a power line owned by NYSEG, a major state utility. A system impact study for the 1 MW project has been successfully completed, and Beacon has entered into an interconnection agreement with NYSEG. When the balance of the 20 MW plant is constructed, the 1 MW system will be switched over and the entire facility will connect to a transmission line owned by National Grid.

Beacon will receive the funding from NYSERDA in stages that will be tied to construction milestones and system performance parameters. Once built and connected, the 1 MW system will be capable of receiving a commercial regulation control signal from New York ISO (NYISO), and earning revenue by bidding into the NYISO regulation market. NYISO received approval last month from the Federal Energy Regulatory Commission for what is considered to be the most favorable tariff for grid-scale energy storage among any of the open-market grid regions. In addition, NYISO has already completed the related technical implementation of software and control systems.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so, especially in view of the current situation in the financial markets; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection approvals, landlord approvals, or other zoning and construction approvals in a timely manner; limited experience manufacturing commercial products or supplying frequency regulation services on a commercial basis; limited commercial contracts for revenues to date; the dependence of revenues on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.


Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

Beacon Power awarded $2 mln project to support deployment of Flywheel Plant in New York.
Nearing the Golden Cross... pennant just to warm things up.


52wk Range: 0.32 - 2.18
Volume: 6,720,944
Avg Vol (3m): 1,618,100

Technicals
Percentage Gainer

Last Price Quote is:
11.15%above 13-day MA
22.30%above 50-day MA
RS Rating: 88 

Fundamentals
Key Data:
Market Cap (M): $91.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold

updated chart look...

Shorts have to cover...
The Golden Cross about to take place.

52wk Range: 0.32 - 2.18
Volume: 5,927,906
Avg Vol (3m): 1,831,660

Technicals
Percentage Gainer

Last Price Quote is:
21.49%above 13-day MA
39.61%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $91.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold

Mass. firm gets loan for NY energy storage system
Mass. company gets $43 million loan guarantee from US for flywheel energy storage in NY
On Thursday July 2, 2009, 10:03 pm EDT

TYNGSBORO, Mass. (AP) -- A Massachusetts company says the federal government has approved a $43 million loan guarantee to help finance a 20-megawatt energy storage system for New York's electrical grid.

Beacon Power Corp. said in a statement that the loan from the U.S. Department of Energy would cover more than 62 percent of the cost of the project, with the company financing the remainder.

The Tyngsboro, Mass.-based developer of energy storage systems wants to build 200 flywheel batteries over several acres in Stephentown, N.Y., to store spare power from the electrical grid.

Beacon says the energy storage plant will be emission free and reduce CO2 levels compared with fossil-fuel based systems.

This pup is oversold..Going to move on up!
We've had The Golden Cross...
Nice surge in the Volume!


52wk Range: 0.32 - 1.84
Volume: 15,100,315
Avg Vol (3m): 2,344,020

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
3.02%above 13-day MA
10.42%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $87.08 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold