Beacon Power Corp. (BCON) Breaks Ground on 20-Megawatt Flywheel Energy Storage Plant
Beacon Power Corp. was joined today by state and local officials at a formal groundbreaking event in Stephentown, New York, signaling the start of construction for the nation's first full-scale 20-megawatt flywheel frequency regulation plant. Initial construction on the plant will start this month, with full construction expected to begin in late first quarter of 2010. The plant is to be completed in 16 to 18 months. The company's business strategy is to commercialize its patented flywheel energy storage technology to support stable, reliable and efficient electricity grid operation. Beacon Power's technology is intended to perform frequency regulation services on…