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Our History
Beacon Power Corporation was founded in 1997 as a spin-off of
SatCon’s Energy Systems Division, to develop flywheel-based
energy storage. We became a separate operating entity in 1998,
and became a public company in 2000 (Nasdaq: BCON). Our first
flywheel systems were deployed in multiple locations in North
America for telecommunications backup power applications. As
the telecommunications market slowed, we applied our technology
to UPS and higher power applications, leading to the Smart Power
and Smart Energy systems.
Realizing the synergy between flywheel energy storage and
solar power, in 2003 we acquired the intellectual property
assets of Advanced Energy Systems of Wilton, New Hampshire,
a manufacturer of photovoltaic (solar) power conversion systems.
Today, as we continue to explore new applications for flywheel
energy storage, we have launched a new line of solar power
electronics products, beginning with the Smart
Power M5.
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