WASHINGTON, DC - Secretary Steven Chu announced today that the Department of Energy is extending the application deadline for the July 2009 energy efficiency, renewable energy and advanced transmission and distribution technologies solicitation. The Round 8, Part 1 application deadline is October 5, 2010. This gives companies an additional six weeks to apply for a loan guarantee under Section 1703, and if qualified, under Section 1705, provided by the American Recovery and Reinvestment Act.
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.