The U.S. DOE announced its offer of a
$43-million loan guarantee for an innovative clean energy project: a
flywheel energy storage plant. Beacon Power, a Massachusetts-based
company that's been working on this patented technology for more than
10 years, intends to use the loan to build the plant to help
stabilize the New York State power grid, making it cleaner and more
efficient at the same time.
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