beacon power said to need capital - energy storage companies

Lighthouse power
In a recent financial document, an energy storage company with a history of loss said that the company's independent auditors had raised doubts about the company's ability to continue operating, unless it adds "a lot" of extra capital.
The company's continued financial woes include a net loss of $19.
Last year, $1 million and $23.
These documents show 6 million per cent in 2008.
Even so, at the earnings call earlier this week, Chief Executive F.
William Kepp said, "I am very excited about 2010 and the future.
"Beacon Power manufactures the flywheel and temporarily stores energy in order to release it to the grid later.
It has operated a flywheel through a pilot project with regional grid operator ISO New England, and it has future flywheel projects in the works.
The company received support from the government, including a $43 million loan guarantee from the Department of Energy, a $24 million stimulus grant and nearly $4.
5 million from MassDevelopment.