Beacon Power Corp. (fka BCONQ)

[mrholty]

The plant by Beacons own estimate as of the October BK filing was that its 98% complete. That is the reason that they filed the BK, they felt they had the right to access their own monies that were held ($3M) and had access to the last $4M of the DOE loan to finish items.

The plant is fully operational but they have had 2 flywheel failures out of 200 in operation so part of it is determining the failure items, making tweaks to improve operational efficiency and other punchlist items. So are all the 20MW installed and operating? Yes.

But they still have some stuff to finish, fix, improve.