Well, maybe not so dead much dead money. LOL
Beacon Power Awarded Contract by Department of Energy to Design Large-Scale Flywheel-Based Frequency Regulation Power Plant
Sep 5, 2006 10:21:00 AM
Copyright Business Wire 2006
WILMINGTON, Mass.--(BUSINESS WIRE)--Sept. 5, 2006--
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, announced that it has been awarded a contract from the U.S. Department of Energy (DOE), to be administered by Sandia National Laboratories, to design a 20-megawatt Smart Energy Matrix frequency regulation power plant. This project directly supports Beacon's plan to develop commercial-scale flywheel-based frequency regulation facilities in the U.S., beginning in 2007. The contract, valued at $752,500 over a 12-month time period, will provide funding for a portion of Beacon's expected development costs.
Under the contract, Beacon will develop a design specification package for a 20-megawatt flywheel-based frequency regulation power plant; complete a comparison study contrasting the features, costs and benefits of flywheel regulation versus conventional technology solutions; perform an analysis to optimize the unique performance advantages of flywheels in providing frequency regulation; determine the comparative advantages of plant sizes between one and 40 megawatts; and identify, study and rank potential plant locations. |
