Beacon Power Hits a Speed-bump, but it’s No Solyndra

Flywheel energy storage developer Beacon Power filed for bankruptcy last weekend, prompting immediate comparisons to infamously failed solar manufacturer Solyndra. But while both firms used millions of dollars in federal loan guarantees to expand their businesses, Beacon Power — which Spectrum profiled this summer — has working assets and a good shot at restructuring and carrying on. Continue reading “Beacon Power Hits a Speed-bump, but it’s No Solyndra”