10 June 2009 -- Beacon Power Corp. won a $2 million contract from the New York State Energy Research and Development Authority to help fund a 1 MW flywheel energy storage project, the first of 20 MW that Beacon expects to build and operate on the site.
The will partially pay for the design, site preparation, flywheel production, installation, system commissioning, data monitoring and analysis. The 1 MW flywheel would provide frequency regulation services.
As part of the same award, NYSERDA provided partial funding for interconnection components of the proposed 20 MW frequency regulation plant.
The initial 1 MW system will be initially connected to a power line owned by NYSEG. A system impact study for the 1 MW project has been successfully completed, and Beacon has entered into an interconnection agreement with NYSEG. When the balance of the 20 MW plant is constructed, the 1 MW system will be switched over and the entire facility will connect to a transmission line owned by National Grid.
Beacon will receive the funding from NYSERDA in stages tied to construction milestones and system performance.
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