Beacon Power Signs Flywheel Plant Agreement - Stephentown, NY

September 14, 2010 - Shares of Beacon Power Corporation (Nasdaq:BCON) are higher today after the company came out an announced positive news on their Flywheel project. BCON is trading around $0.39 in early trading today.

Beacon Power Signs 20 MW Interconnection Agreement for Stephentown Flywheel Plant

Beacon Power Corporation (Nasdaq:BCON), a leading provider of advanced energy storage systems and services to support a more stable, reliable and efficient electricity grid, has executed an interconnection agreement with the New York Independent System Operator (NYISO) and NYSEG, a local utility, enabling the Company to connect its frequency regulation plant in Stephentown to the grid as scheduled and begin earning revenue in the fourth quarter of this year.

"This interconnection agreement is an essential step for our flywheel plant to come online and provide regulation service, and it's great to have it in place," said Bill Capp, Beacon president and CEO. "With this done we look forward to connecting our first 4 MW of capacity and start earning revenue in Stephentown this year. By the end of the first quarter of 2011, we expect to have all 20 MW online and earning revenue." Full Press Release

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