Beacon Power signs 20 MW interconnection agreement for flywheel plant

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Tyngsboro, Mass., September 14, 2010 — Beacon Power Corp. has executed an interconnection agreement with the New York Independent System Operator 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.”

Beacon Power Corp. designs, develops and is commercializing advanced products and services to support stable, reliable and efficient electricity grid operation.

Beacon’s Smart Energy Matrix, now in production, being operated and earning revenue, is a non-polluting, megawatt-scale, fast-response flywheel-based solution designed to provide less expensive, more sustainable and effective frequency regulation services to the nation’s power grid.

The company’s business strategy is both to supply frequency regulation services from its own plants and to sell systems directly to utilities or grid operators in parts of North America and selected international markets.

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