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Beacon Power Files For Bankruptcy

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

BOSTON (CBS) – On the heels of Solyndra’s bankruptcy, a Massachusetts-based alternative energy company is also filing for Chapter 11.

Beacon Power of Tyngsboro has been a publicly-traded company for a decade.

Clean energy analyst Craig Irwin at Wedbush Securities tells me Beacon Power was aiming high, and could not find financing for its continued growth.

Beacon Power has been developing flywheel technology for massive energy storage facilities.

WBZ NewsRadio 1030’s Anthony Silva reports

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