http://finance.yahoo.com/news/Beacon-Power-Granted-Key-pz-1641717696.html?x=0&.v=1
Beacon Power Granted Key Patent for Frequency Regulation
Press Release Source: Beacon Power Corporation On Tuesday August 30, 2011, 7:00 am EDT
TYNGSBORO, Mass., Aug. 30, 2011 (GLOBE NEWSWIRE) -- Beacon Power Corporation (Nasdaq:BCON - News), a leading provider of fast-response energy storage systems and services to support a more stable, reliable and efficient electricity grid, announced that it has been granted U.S. Patent No. 8,008,804 for "Frequency Regulation Using Flywheels." The patent covers the use of flywheel energy storage systems to provide frequency regulation on an electrical grid, which is the primary application for Beacon's current technology.
"Beacon Power invented the idea of using high-energy flywheels to regulate grid frequency, so it's appropriate that we've now been awarded a core patent for the idea," said Bill Capp, Beacon president and CEO. "The patent gives Beacon exclusive rights to this innovative method of providing an essential grid service, and further strengthens our intellectual property position."
Beacon owns and operates a 20-megawatt (MW) flywheel-based energy storage plant in Stephentown, New York, that provides frequency regulation services to the state's power grid. The Company is also planning to build a second 20 MW flywheel plant in Pennsylvania beginning later this year.
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