Beacon Power Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the fourth quarter of 2009, the company reported revenue of $303,000 and a net loss of $4.7 million, or $0.04 per basic and diluted share, compared to revenue of $15,000 and a net loss of $7.2 million, or $0.08 per basic and diluted share, for the fourth quarter of 2008. The lower net loss during the fourth quarter of 2009 as compared to the fourth quarter of 2008 was primarily due to lower research and development spending, which was partially offset by increases in depreciation and amortization expense and in general and administrative spending. Loss from operations was $4.6 million against $7.2 million reported last year. For the year, Beacon Power reported revenue of $926,000 and a net loss of $19.1 million, or $0.16 per basic and diluted share, compared with revenue of $68,000 and a net loss in 2008 of $23.6 million, or $0.26 per basic and diluted share. Loss from operations was $19 million against $23.8 million reported last year. Net cash used in operating activities increased from $13.8 million in 2008 to $20.6 million in 2009.

Beacon Power Corporation intends to raise fund. The company stated, We will require substantial funds to manufacture and deploy our systems, market our services and increase our revenues. We anticipate that such funds will be obtained from a combination of equity, debt, and/or the sale of turnkey systems. The extent of the funds needed is dependent, in part, on the volume of flywheels that we produce and deploy and/or sell as turnkey systems.

Beacon Power Corporation announced that it has shipped, installed and successfully connected a Smart Energy(TM) 25 (Gen 4) flywheel energy storage system at a wind farm in Tehachapi, California. The system is part of a wind power/flywheel demonstration project being carried out for the California Energy Commission. The primary goal of the project is to demonstrate that advanced control technology with energy storage can help expand the delivery of wind energy by effectively increasing the capacity of constrained transmission facilities in the area. The project will incorporate 'intelligent agent' controls and Beacon's flywheel energy storage technology to demonstrate how to enable as much wind-generated electricity to be delivered as possible without exceeding the limits of the locally constrained transmission system. Energy storage and intelligent agent control technology have been identified as key elements of the Smart Grid, a U.S. DOE-funded and industry-supported initiative to modernize the country's electrical transmission systems and make possible more efficient delivery of power, along with a more flexible, robust, and reliable grid. Under the scope of this project the Smart Energy(TM) 25 flywheel will normally provide frequency regulation. However, during times when the local sub-transmission line becomes constrained due to lack of reactive power or thermal overload, intelligent agents will override the regulation function and direct the flywheel to take action that in a full-scale commercial system would help alleviate the constraint. Once the constraint is resolved, the system will return to its primary function of performing frequency regulation. In this way the project will provide proof of concept of how flywheel energy storage can deliver additional value to a grid operator beyond its main function of frequency regulation.

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