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The energy mainstays include the well-known companies like General Electric (NYSE:GE), Siemens (SI) and Florida Power & Light. I’m not going to include them in my official review because everyone knows them and what they do well enough. I’m going to bring to light some lesser known companies serving the wind energy business that I think are worth more research. So here they are.

Broadwind Energy Inc. (NASDAQ:BWEN.OB) – Broadwind Energy Inc. (Broadwind) is a supplier of value-added products and services to the North American wind energy sector, as well as other energy-related industries. The Company provides a range of component and service offerings to wind turbine manufacturers and developers, wind farm operators and service companies. It has developed a range of United States-based supply chain for wind development in North America. During the year ended December 31, 2008, the Company revised its operating structure which includes two segments: Product (formerly included in the Towers and Fabrication and Gearing Systems segments) and Services. On June 4, 2008, the Company completed the acquisition of Badger Transport, Inc. (Badger). On January 16, 2008, the Company acquired Energy Maintenance Service, LLC (EMS).

Capstone Turbine Corporation (NASDAQ:CPST) – Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power (CHP), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), resource recovery and secure power. Its microturbines can be used as battery charging generators for hybrid electric vehicle applications. Capstone offers microturbines from 30 kilowatts up to one megawatt in electric power output, designed for commercial, industrial, and utility users. Its 30 kilowatt (C30) microturbine can produce enough electricity to power a small convenience store. The 60 and 65 kilowatt (C60 Series) microturbine can produce heat to provide hot water to a 100 room hotel while also providing about one-third of its electrical requirements.

Beacon Power Corp. (NASDAQ:BCON) – Beacon Power Corporation (Beacon) designs and develops products and services to support electricity grid operation. Beacon is a development-stage company. The focus of its research and development has been to establish flywheel-based energy storage technologies that can provide energy solutions for the worldwide electricity grid. The Company focuses on the geographic regions of the domestic grid that provide open bid markets for regulation services. Beacon’s Smart Energy 25 flywheels consist of the flywheels and the associated power electronics. A Smart Energy Matrix is an array of 10 Smart Energy 25 flywheels that can provide 1 megawatt of energy storage. A frequency regulation installation includes one or more Smart Energy Matrices, along with ancillary equipment and site work. On November 18, 2008, the Company connected its first 1 megawatt Smart Energy Matrix to the electric grid in Tyngsboro, Massachusetts.

American Superconductor Corporation (NASDAQ:AMSC) – American Superconductor Corporation (AMSC) is an energy technologies company, offering an array of solutions based on two technologies: programmable power electronic converters and high temperature superconductor (HTS) wires. The two primary markets it serves are the wind energy market and the power transmission and distribution or power grid market. The Company conducts its operations through two business units: AMSC Power Systems (Power Systems), which supplies electrical systems used in wind turbines; sells power electronic products that regulate wind farm voltage to enable their interconnection to the power grid; licenses wind energy system designs to manufacturers of such systems, and provides consulting services to the wind industry, and AMSC Superconductors (Superconductors), which focuses on the manufacturing of HTS wire and coils; the design and development of HTS products, such as power cables, fault current limiters and motors, and the management of HTS projects.

Comverge, Inc. (NASDAQ:COMV) – Comverge, Inc. is a clean energy company providing demand management solutions in the form of peaking and base load capacity to electric utilities, grid operators and associated electricity markets. The Company operates in three segments: the Utility Products & Services segment, the Residential Business segment and the Commercial & Industrial Business segment. The Utility Products & Services segment sells hardware, software and installation services to utilities that elect to own and operate demand management networks for their own benefit. The Residential Business segment sells electric capacity to utilities under long-term contracts, either through demand response or energy efficiency. The Residential Business segment also provides marketing services on an outsourced basis. The Commercial & Industrial Business segment provides demand response and energy management services to commercial and industrial customers.

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) – Ballard Power Systems Inc. (Ballard) is engaged in proton exchange membrane (PEM) fuel cell development and commercialization. The Company’s principal business is the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power and residential cogeneration). The Company operates in three segments: Power Generation, Automotive and Material Products. The Company has research, development, testing and manufacturing facilities in Burnaby, British Columbia. The Company also participates in a joint venture, EBARA BALLARD Corporation (EBARA BALLARD), in Tokyo, Japan. On January 31, 2008, the Company completed the sale of its automotive fuel cell research and development assets to Daimler AG (Daimler), Ford Motor Company (NYSE:F) (Ford) and AFCC Automotive Fuel Cell Cooperation Corp. (AFCC).

Disclosure: No Positions

Source: Wind Energy: Six Lesser Known Stocks