Beacon Power Announces $25 Million Investment Commitment

WILMINGTON, Mass.--Beacon Power Corporation (NASDAQ: BCON) today announced that it has received a commitment for $25 million of new investment in the Company. The capital will be used to fund ongoing operations, including the manufacturing and deployment of Smart Energy 25 flywheels and the construction of the Company's frequency regulation plant that is expected to have 10 to 20 MW of service capability by the end of 2008. The transaction is expected to close on October 31, 2007. Link. Chart.