Beacon Power Corp., a provider of advanced energy-storage systems and services, has executed an interconnection agreement with the New York Independent System Operator and NYSEG, a local utility.
The agreement will enable the company to connect its frequency-regulation plant in Stephentown, N.Y., to the grid as scheduled and begin earning revenue in the fourth quarter of this year.
‘With this done, we look forward to connecting our first 4 MW of capacity and start earning revenue in Stephentown this year,’ says Bill Capp, Beacon president and CEO. ‘By the end of the first quarter of 2011, we expect to have all 20 MW online and earning revenue.’
SOURCE: Beacon Power Corp.