Nordic Windpower and Beacon Power awarded $59m by US Department of Energy

2 July 2009

US Energy Secretary Steven Chu said $59m in conditional loan guarantees would go to Nordic Windpower and Beacon Power.

Nordic Windpower has been offered $16m to support its wind turbine expansion, while energy storage company Beacon Power has been offered $43m to support the construction of a 20MW storage plant in New York.

‘These projects represent the innovative technologies that will help America reduce its dependence on fossil fuels and fight climate change,’ said Secretary Chu.

In March, the US Department of Energy made its first conditional loan guarantee of $535m to Solyndra, a solar technology company.

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Tags: energy storage, wind

This story was published on Thursday, July 2nd, 2009 at 4:54 pm and is filed under North America, deals, energy efficiency, wind. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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