According to the Boston Business Journal, Beacon Power (NASDAQ: BCON) may be about to go the same way as Solyndra despite receiving government funding. This represents another government-backed alternative energy company seeking Chapter 11 protection.

Beacon Power manufactures flywheel-based energy storage devices, which are, according to the article, “designed to help regulate the flow of power into the electric grid from inconsistent alternative energy sources like solar power and wind power.”

 “The firm has received at least

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