Power Corporation (Beacon) is a development stage company. The Company
along with its subsidiaries, designs, manufactures and operates
flywheel-based energy storage systems. The Company focuses on selling
systems on a turnkey equipment basis in domestic and overseas markets.
The Company’s sources of revenue included Frequency regulation service
revenue from the ISO-NE pilot program, Research and development
contracts and a grant, for which revenue has been recognized using the
percentage-of-completion method, and Sales of inverters, accessories
and APS credits. In October 2011, the Company filed for bankruptcy in
U.S. Bankruptcy Court.
65 Middlesex Road