Press Release Source: Beacon Power Corporation On Tuesday September 14, 2010, 7:00 am EDT
TYNGSBORO, Mass., Sept. 14, 2010 (GLOBE NEWSWIRE) -- Beacon Power Corporation (Nasdaq:BCON - News), 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."
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