Title: Beacon Power set to build $69M plant in NY
Industry sector: Energy storage
Beacon Power Corp. plans to begin construction Nov. 23 on its 20-megawatt energy storage plant planned in rural Rensselaer County, N.Y.
The $69 million plant would operate with 10 pods of 20 flywheels each and store energy from the electric grid. The technology is designed to transfer energy back to the grid to avoid power surges when extra power is needed.