Beacon Power Corporation designs, develops, and commercializes advanced products and services to support stable and reliable electricity grid operation in North America. The company primarily focuses on commercializing its patented flywheel energy storage technology for storing and transmitting kinetic energy. It provides Smart Energy Matrix, a non-polluting, megawatt-level, and utility-grade flywheel-based energy storage system that provides sustainable frequency regulation services. The company's energy storage and power conversion solutions provide electric power for the utility, renewable energy, and distributed generation markets. Beacon Power Corporation was founded in 1997 and is headquartered in Tyngsboro, Massachusetts.