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Gold/Mining/Energy : Beacon Power Cp (BCON)

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To: GatewayStocks who wrote (5)	3/16/2006 11:15:24 PM
From: GatewayStocks	of 32

Beacon Power to test electricity storage in NY Wed Mar 1, 2006 3:54 PM ET LOS ANGELES, March 1 (Reuters) - Beacon Power (BCON.O: Quote, Profile, Research) on Wednesday announced it will install this month in New York an energy storage system that uses flywheels and is designed to stabilize power flow and increase reliability on power grids. The "Smart Energy Matrix" was tested at Beacon Power's headquarters in Wilmington, Massachusetts, and will be installed and connected to the grid at Amsterdam, New York, the company said in a press release. FACT BOX BCON.O (Beacon Power Corporation) Last: $1.65 Change: +0.12 Up/Down: +7.84% News for BCON.O Beacon Power to test electricity storage in NY This is the second application of the developing technology by Beacon. The first is being tested in California. A series of high-speed flywheels recycle electricity cleanly so there are less power surges, which can cause power stations to trip off. The system was built under contract with the New York State Energy Research and Development Authority (NYSERDA), and the U.S. Department of Energy. Beacon Power shares were up 46 cents or 32.4 percent at $1.88 on the Nasdaq late on Wednesday afternoon.

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