PJM Moves Toward Pay-for-Performance Pricing

Beacon Power Corporation a leading provider of fast-response energy storage systems and services to support a more stable, reliable and efficient electricity grid, announced that the PJM Interconnection recently began the formal process to implement pay-for-performance regulation pricing in its geographic area, the largest electricity market in the... 

Beacon Power Moves into Next Stage of DOE Loan Guarantee Process for 20-MW Flywheel Regulation Plant

Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, has delivered the last of nearly 100 separate documents in its application for a loan guarantee to the U.S. Department of Energy’s Loan Guarantee Program Office and moved into the next... 

Beacon Redevelopment Industrial Corporation Forms Wholly Owned Energy Subsidiary to Operate its Natural Gas Properties

Beacon Redevelopment Industrial Corporation announced that it has formed a wholly owned subsidiary (Beacon Energy Corporation) to manage and operate its natural gas assets. Beacons Management has taken this action to segregate its energy holdings from its real estate holdings so that it may accelerate growth in both its real estate and energy subsidiaries.... 

Beacon Power Announces Testing of First Megawatt of Flywheel Energy Storage

Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has built and tested an integrated matrix of ten high-power flywheels that operated together to absorb and supply a full megawatt of electricity. The system, located... 

Energy Storage Pilot Program Approved in ISO New England; Beacon Power Eligible to Participate and Earn Revenue

Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that the New England Power Pool (NEPOOL), the group of electric utilities, generators, and service providers within the ISO New England region, has voted unanimously in favor...