Attorneys also told the judge that they had resolved the DOE's objections to Beacon's request to use cash collateral on the DOE loan to fund operations during the bankruptcy.
Beacon, based in Tyngsboro, Mass., makes flywheel energy storage systems that keep power frequency steady on electrical grids.
The company has blamed its bankruptcy filing on the political fallout from the failure of Solyndra Inc., a California solar energy company that sought bankruptcy protection in Delaware after receiving a half-billion-dollar loan from the Obama administration.
Copyright 2011 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
< Recent articles
Back to top
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Law & Courts |
Spiritual Life |
Health & Fitness |
Calendar | Letters to the Editor