Cleaner Energy and a Box To Store It In

23.05.12

The first upshot is two catastrophic losses of electric utilities across a wide swathe of the country for the second time in two months. During the days that followed this summer’s Tornado Irene, which swept inland over much of the northeast from the Atlantic Ocean in late August, about four million American homes and businesses were without intensity, many for the better part of a week. Not quite two months later, a freak late-October nor’easter snowstorm sinistral nearly three million Americans from Maryland to Maine without power for days, with some areas experiencing outages over a week in duration. As frustrations mounted and utilities failed to gratify expectations for the second time in two months, the topic of personal, renewable energy – and the skills to store it – crept into more peoples’ dinner table talk.

The second incident is the bankruptcy reorganization of Tyngsboro, Massachusetts-based Beacon Power , which provides utility frequency modification – the flow management and storage of electricity. The company generated buzz when it filed for Chapter 11 bankruptcy on October 30 after having received a $43 million credit guarantee from the federal government (from the same fund as failing California solar company Solyndra) as well as funds from the Solemn of Massachusetts. Critics of renewable energy put it onto the political parade float along with Solyndra, which collapsed recently after an infusion of millions in federal advance guarantees.

Source: ThomasNet Industrial News Room