Becaon Power just announced that they have been found to be a compatible witht the requirements of the New York ISO - they now are ready to build their firsyt commercial facilities for frequency regulation in New York and CA - and via these two states will be able to address 25% of the US market for frequency regulation.
This is a tremendous opportunity - within the US - BCON will rule the market for frequency regulation with a patented, unfair technology advantage - which makes it cleaner (less CO2) and cheaper than the use of conventional generators for the task. Abroad, BCON will license the technology for Europe and Asia - I expect the first of these deals to materialze late 2008/early 2009.
The first large, commercial facility is scheduled to go online early 2008 - this will be the time when we will be able to gauge the real potential. I would not be surprised if see a buyout by GE or Siemens at a valuation at least doule of what we have today. Standalone, I believe that BCON will be valued above $2bn by 2012 - which is close to 40x today's valuation of $56mil. - this is the opportunity to build a solid position you can use to support your early retirement.
Personally, I am ready to take a significant position (8-10%) in my personal portfolio.
$0.93 (03/23/07)
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