U.S. DOE Offers $43 Million Loan Guarantee for Flywheel Energy Storage Project

Posted on July 3rd, 2009.

Beacon Power Corporation announced that it has received a conditional commitment from the U.S. Department of Energy (DOE) for a loan guarantee of approximately $43 million. The DOE’s offer outlines terms for a loan that would finance more than 60% of Beacon’s planned 20-megawatt (MW) flywheel-based energy storage plant to be located in Stephentown, New [...]

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OriginOil Signs Cooperative Agreement with Department of Energy

Posted on February 18th, 2009.

   OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that it has signed a Cooperative Agreement with The United States Department of Energy’s Idaho National Laboratory (INL). The multi-phase research program will focus on validation and commercial scaling [...]

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