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 Completes $4.4 Million Investment Transaction

Beacon Power Corporation announced that the Company has consummated the sale of 8,966,000 units to three investors for $0.50 per unit, as previously announced on December 22, 2008. Each unit consists of one share of the Company’s Common Stock and a warrant to purchase one share of Common Stock at an exercise price of $0.74 per share. The units... 

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 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...