in News Departments > Projects & Contracts
print the content item

Tynsboro, Mass.-based Beacon Power Corp. has completed the connection of a second megawatt of flywheel energy storage to the New England power grid. This new system, which has been producing revenue by providing frequency regulation services, doubles the energy-storage capacity now in operation at Beacon's headquarters.

"Both our first 1 MW system and this new, second megawatt are being controlled by ISO New England," says Bill Capp, Beacon's president and CEO. "The second system is operating on a separate, higher-voltage power line than the first and uses a different interconnection, transformer and meter, which has enabled us to gain experience with multiple connection arrangements."

Beacon's first 1 MW smart energy matrix flywheel system has been absorbing and injecting electricity to provide frequency regulation services on the ISO New England grid since November 2008.

In the second quarter of this year, the company realized significantly lower operating costs for this system, when ISO New England and the local utility, National Grid, changed how National Grid charges Beacon for electricity. The second megawatt system will also benefit from this cost reduction.

Beacon expects to have up to 5 MW of flywheel energy-storage capacity installed by year-end. The company projects that the systems running at its Tyngsboro headquarters will generate positive gross margins from the provision of frequency regulation services.

In addition, Beacon's loan guarantee to help finance the construction of a 20 MW plant has been approved by the Department of Energy (DOE). Beacon is looking to break ground on the 20 MW frequency regulation plant in Stephentown, N.Y., later this year. Depending on the outcome of financing discussions and the timing of the DOE loan guarantee closing, full construction of the plant is expected to begin soon thereafter, according to the company.

SOURCE: Beacon Power Corp.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984