Beacon Power

company

About

Beacon Power develops flywheel energy storage systems for grid frequency regulation and other utility-grade storage applications.

  • 51 - 100

Details

Last Funding Type
Grant
Last Funding Money Raised
$24M
Industries
Clean Energy,Energy,Energy Storage,Manufacturing,Renewable Energy
Founded date
Jan 1, 1997
Number Of Employee
51 - 100
Operating Status
Active

Beacon Power Corporation designs, develops, and commercializes advanced products and services to support stable and reliable electricity grid operation in North America. The company primarily focuses on commercializing its patented flywheel energy storage technology for storing and transmitting kinetic energy. It provides Smart Energy Matrix, a non-polluting, megawatt-level, and utility-grade flywheel-based energy storage system that provides sustainable frequency regulation services. The company's energy storage and power conversion solutions provide electric power for the utility, renewable energy, and distributed generation markets. Beacon Power Corporation was founded in 1997 and is headquartered in Tyngsboro, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$24M
Beacon Power has raised a total of $24M in funding over 2 rounds. Their latest funding was raised on Nov 25, 2009 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 25, 2009 Grant $24M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Beacon Power is funded by 1 investors. US Department of Energy are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Grant