Monday, July 12, 2010

Gridscale Energy Storage Project by Beacon Power - 20 MW Flywheel Plant in Stephentown

Beacon Power Corporation (Nasdaq:BCON), a leading provider of advanced
energy storage products and services to support a more stable,
reliable and efficient electricity grid, has delivered and put in
place the initial flywheel power electronics and associated support
equipment as part of the construction of the world's first grid-scale
flywheel energy storage plant in Stephentown, New York.

The systems, consisting of power electronics, cooling and other
support equipment housed in specially equipped containers, were
lowered onto permanent foundations. After the containerized systems
are wired in place, they will be interconnected with Beacon flywheels.
Support equipment for a total of 4 MW of energy storage capacity was
delivered to the site over several days last week.

Eighty flywheel foundations have already been installed at the site,
and the Company expects to deliver and begin installing 40 flywheels
(4 MW) during the third quarter of this year. The 4 MW are planned to
be connected and earning revenue from frequency regulation services by
the end of the fourth quarter. The balance of the 20 MW plant is
expected to be completed and operational by the end of the first
quarter of 2011.

"This is a milestone -- not just for Beacon Power and our investors,
but for everyone who has supported the development and
commercialization of smart grid technology," said Bill Capp, president
and CEO of Beacon Power. "While the scale of this project is
impressive, we've been pleased that construction has remained on
schedule and on budget. As expected, the experience we've gained from
installing and operating three megawatts of flywheel energy storage in
Massachusetts has translated well into this full-scale 20 MW project."

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