Beacon Power Selected to Present at 2009 NREL Industry Growth Forum in November

• Press Release
• Source: Beacon Power Corporation
• On 9:00 am EDT, Wednesday October 7, 2009

TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, will be presenting at the National Renewable Energy Laboratory (NREL) Industry Growth Forum in Denver, Colorado, November 3-5, 2009. After a competitive review of 285 applications, Beacon was one of only 34 companies selected to present at this year’s event.

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NREL’s Industry Growth Forum is one of the nation’s premier clean energy investment forums. This is not only because of the caliber of investors and entrepreneurial companies it attracts, but also due to its unique format and window on the energy future. Since the 16^th Forum took place in 2003, companies that have presented have subsequently raised nearly $2.5 billion in growth financing.

NREL expects more than 550 attendees at this year’s 3-day event, including company executives, venture capitalists, investment bankers, energy professionals, and government officials. The 2009 Forum will feature 34 clean energy companies presenting business plans and growth strategies covering technologies such as fuel cells, hydrogen, power quality, wind, energy efficiency, photovoltaics, biofuels, and energy storage.

About NREL and the Industry Growth Forum

NREL is the U.S. Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by the Alliance for Sustainable Energy, LLC. NREL pioneered its Industry Growth Forum in 1995, hosting several small events with 35-40 total participants at each Forum. This year’s Forum is expected to draw more than 500 participants to what is now the premier clean energy investment forum. Its rich “educational content” distinguishes NREL’s Growth Forums and leaves all participants, including entrepreneurs, venture capitalists and corporate investors, with a deeper understanding of the evolving energy market and what a business must do to thrive.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company’s primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon’s Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation’s current views about future events, financial performances, and project development, and are identified by the use of terms and phrases such as “will,” “believe,” “expect,” “plan,” “anticipate,” and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon’s expectation. These factors include: uncertainties relating to the success of Beacon’s DOE grant proposals; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in finalizing the DOE loan guarantee support for our New York facility, or complying with the conditions or ongoing covenants of that support; a need to raise additional equity to fund the project and Beacon’s other operations in uncertain financial markets; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.

Beacon Power Corporation
James Spiezio, 978-694-9121
spiezio@beaconpower.com
or
Gene Hunt, 978-661-2825
hunt@beaconpower.com