BCON up 17% midday
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There are about 49 million shares. The price was around $4.82 midday.
Trading volume has gone from a three month average of 4 million, to nearly 15 million average for the past ten days.
This is from Beacon Power's web site:
Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon’s new Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Two prototype Smart Energy Matrix systems have been ordered by energy authorities in California and New York, in partnership with the U.S. Department of Energy. The goal of both projects is to demonstrate the performance of Beacon's flywheel energy storage technology in regulating grid frequencies, and to evaluate other potential advantages, such as clean operation, fast reponse time, and ease of use. Both systems will be installed and testing will begin in 2005.
Our mission is to become a leading supplier of advanced solutions that enhance electrical grid reliability and operation. We believe that in a time of increasing uncertainty about grid reliability and energy issues in general, Beacon Power systems can offer dependable, better-performing, and environmentally sustainable alternatives to conventional regulation services.