Beacon signs 20MW interconnection agreement for Stephenson flywheel plant

Source: Beacon Power Corporation

Beacon Power Corporation, a leading provider of advanced energy storage systems and services to support a more stable, reliable and efficient electricity grid, has executed an interconnection agreement with the New York Independent System Operator (NYISO) and NYSEG, a local utility, enabling the Company to connect its frequency regulation plant in Stephentown to the grid as scheduled and begin earning revenue in the fourth quarter of this year.

"This interconnection agreement is an essential step for our flywheel plant to come online and provide regulation service, and it's great to have it in place," said Bill Capp, Beacon president and CEO. "With this done we look forward to connecting our first 4 MW of capacity and start earning revenue in Stephentown this year. By the end of the first quarter of 2011, we expect to have all 20 MW online and earning revenue."



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs