Beacon Power to Provide Flywheel System to Support Wind Power Integration Project in California

Energy storage system will be paired with intelligent software agents to increase transmission line capacity and facilitate growth of wind power

TYNGSBORO, Mass.--(BUSINESS WIRE)--April 29, 2008--Beacon Power Corporation (NASDAQ: BCON), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced today that it has been awarded a subcontract to provide a flywheel energy storage system in support of a wind integration R&D project sponsored by the California Energy Commission. Beacon will receive approximately $250,000 to offset R&D expenses and will contribute an additional $90,000 of engineering resources for the project, bringing the R&D total to approximately $340,000.

In addition to the California Energy Commission, which is funding the project, other leading stakeholders include Southern California Edison and the California Independent System Operator (ISO). The flywheel system will be installed in Tehachapi, California, a high-potential wind resource area where, according to a report from the California ISO, up to 4,200 megawatts (MW) of wind power may be added in the coming years.

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