Beacon Power Corporation · Tyngsboro, MA United States ·(NASDAQ (CM): BCON)
Company Description
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This link will open in a new window Beacon Power is a beacon of hope for companies seeking backup power. The development-stage company's flywheel energy storage systems provide uninterruptible electric power for communications networks, computers, industrial manufacturing, and other generation applications. Beacon Power's flywheel systems draw electrical energy from a power source, such as an electric power grid or a fuel cell, and then store it. The power can then be delivered as needed when a primary energy source either fails or is disrupted. Beacon Power also makes photovoltaic power conversion systems (solar inverters). To read the full description, subscribe now.
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Key Beacon Power Corporation Financials
| Company Type | Public - NASDAQ (CM): BCON Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $0.1 |
| 2008 Employees | 64 |
Beacon Power Corporation Executives
12 executives listed for Beacon Power Corporation's Tyngsboro, MA location.
| Title | Name & Bio | Contact |
| Non-Executive Chairman | Virgil Rose | Network |
| President, CEO, and Director | F. William Capp | Network |
| VP Finance, CFO, Treasurer, and Secretary | James Spiezio | Network |
Competition
Competitive Landscape for Beacon Power Corporation
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Beacon Power Corporation Competitors
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