David Lentz

Beacon: Powering Up

Casually rolling an eyeball across their financial data, it appears that revenues are going nowhere, and the company has and is sustaining itself by selling stock. This is a poor premise for an investor to buy into, especially in the challenging times we find ourselves in.

It could be that better times lie just over the horizon for BCON, and that a flood of windmill/solar-related sales will occur, or even that rising brownouts will spur sales in their products for use as UPS backup units in businesses.

But it could also be that the cost of their flywheel-based products is not now, and never will be competitive with diesel generators or batteries as backup devices, and that flywheels will simply not scale up in an economic manner to provide large scale storage of power from wind farms and overnight storage of solar energy.

If they had a refrigerator-sized unit that could be tucked into a typical garage or basement and could be used to store power from rooftop PV solar panels overnight (or better yet, for a week), and could be manufactured and sold at a price that made sense to be incorporated into individual home installations, then one might see a bright future for these sort of devices. But so far as I am able to determine, such devices cost about a hundredfold more than would be practical, especially when competing with battery technology.

BCON has a long way to go, and they may never get their heads above water.

I'll await the expectation of revenue to be fulfilled before diving in.