Today 3:07 pm
So you are showing us an article from 2014, that talks about a company called Beacon Power.Blackvegetable » Today, 1:55 pm » wrote: ↑ You remember the slogan....but you aren't strong on details.
https://www.npr.org/2014/11/13/36357215 ... g-a-profit
After Solyndra Loss, U.S. Energy Loan Program Turning A Profit
Moniz points to a small company called Beacon Power as an example. It got an Energy Department loan, went bankrupt and defaulted on about $14 million in debt. Today the company is back in business, providing a valuable service to electricity grids and repaying the rest of its loan. In eastern Pennsylvania, one of Beacon's facilities sits on 4 acres in an industrial park. Underground are 200 black flywheels that each measure 7 feet tall and 3 feet around, and weigh 2,000 pounds. They spin faster when storing energy and slow down when releasing it.
Beacon Power received a $43.5 million federal loan guarantee in August 2010 from the Department of Energy2.
Beacon Power declared bankruptcy on October 31, 2011.
You are so **** stupid POSER BOY