DOE and Beacon Power Finalize $43M Loan Guarantee for Flywheel Energy Storage Project in New York State
Green Car Congress
AUGUST 9, 2010
Beacon’s Gen 4 flywheel system is specifically designed to perform frequency regulation on utility grids by absorbing and discharging energy to balance power generation and consumption on the electric grid. This is the second loan guarantee announced that will provide significant improvements to New York state’s electrical grid.
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