Beacon Power Corp. (fka BCONQ)

[Ecomike]

News:

Beacon Power Corporation (Nasdaq:BCON), a leading provider of fast-response energy storage systems and services to support a more stable, reliable and efficient electricity grid, announced that it has been granted U.S. Patent No. 8,008,804 for "Frequency Regulation Using Flywheels." The patent covers the use of flywheel energy storage systems to provide frequency regulation on an electrical grid, which is the primary application for Beacon's current technology.

"Beacon Power invented the idea of using high-energy flywheels to regulate grid frequency, so it's appropriate that we've now been awarded a core patent for the idea," said Bill Capp, Beacon president and CEO. "The patent gives Beacon exclusive rights to this innovative method of providing an essential grid service, and further strengthens our intellectual property position."

Beacon owns and operates a 20-megawatt (MW) flywheel-based energy storage plant in Stephentown, New York, that provides frequency regulation services to the state's power grid. The Company is also planning to build a second 20 MW flywheel plant in Pennsylvania beginning later this year.

About Beacon Power Corporation

Beacon Power Corporation designs, develops and is commercializing advanced products and services to support stable, reliable and efficient electricity grid operation. Beacon's Smart Energy MatrixTM, now in production, being operated and earning revenue, is a non-polluting, megawatt-scale, fast-response flywheel-based solution designed to provide less expensive, more sustainable and effective frequency regulation services to power grids around the world. The Company's business strategy is both to supply frequency regulation services from its own plants and to sell systems directly to utilities or grid operators in parts of North America and selected international markets. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit http://www.beaconpower.com.