WASHINGTON - On Thursday, September 23, 2010, U.S. Energy Secretary Steven Chu will deliver a keynote address at the inaugural GridWise Global Forum. Secretary Chu will discuss the importance of devloping a smart, strong and secure electricity delivery system to help build a 21st Century clean energy economy.
Washington D.C. --- Energy Secretary Steven Chu today announced that a $43 million loan guarantee has been finalized for Beacon Power Corporation's 20 megawatt innovative flywheel energy storage plant in Stephentown, NY. The plant will help improve the stability and reliability of the state's electric grid and Beacon estimates it will create 20 construction jobs in New York and 40 permanent jobs in Massachusetts. Beacon Power is an energy storage company headquartered in Tyngsboro, Massachusetts.