The taxi-hailing app touts old-school cab hailing with new-school cashless payment.
With new leadership and a $12 million funding round, the taxi-hailing app guns for ride-sharing rivals like Uber and Lyft.
Beacon Power, which received a $43 million DOE loan guarantee from the same program that Solyndra did, is bankrupt after running out of money.
Volvo is testing out a new kinetic energy recovery system that has the potential to give cars 20 percent better fuel economy.
Beacon Power says that its 20-megawatt energy storage system will be completed later this month, marking the largest flywheel installation in the world.
Active Power has created an updated version of its system designed to provide seamless energy backup and tailored it for the IT crowd.
Trumpets? Check. Eighty-five-ton flywheel? Check. U.K. music students incorporate the roaring sounds of a working steam mill engine into an original musical composition.
Beacon Power secures $43 million loan to finance a 20-megawatt energy storage project that uses spinning metal disks to store electricity and send it onto the grid.
Flywheel grid storage company Beacon Power has been acquired for $30.5 million in a transaction that will return about 70 percent of a government loan.
Beacon Power, a flywheel storage company that received a government loan guarantee, said its storage plant will continue to operate as it seeks new sources of capital.