Beacon Power Announces Plan to Build First Frequency Regulation Plant in New York State
via COMTEX
September 30, 2007
Company Submits Formal Interconnection Application Following
Completion of Design Work for 20-Megawatt Facility
WILMINGTON, Mass., Sep 30, 2007 (BUSINESS WIRE) --
Beacon Power Corporation (NASDAQ: BCON), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, today announced that it intends to build its first 20-megawatt flywheel-based frequency regulation plant in New York State. To that end, the Company has filed a Small Generator Interconnection Request application with the New York Independent System Operator (NYISO).
The interconnection application was based on design work for Beacon's 20-megawatt plant that was recently completed (in accordance with a previously stated September milestone) in collaboration with Carter & Burgess, Beacon's architectural and engineering contractor for design of the plant. Interconnection applications are site-specific and include electrical drawings, site specifications, descriptions of circuit breakers and relay equipment, and other supporting technical data. The design work was partially funded by the U.S. Department of Energy under a contract administered by Sandia National Laboratories.
"As we move the business into commercial deployment, we will be also initiating site development activities in New England, the PJM Interconnection and California," said Bill Capp, Beacon president and CEO. "In the coming months, our goal is to have multiple sites entering various stages of development. This will give us a better choice of locations to build more regulation plants and provide flexibility to adjust our plans should a specific site become more or less attractive
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