Beacon Power has signed a contract with American Electric Power and one of its operating subsidiaries, the Columbus Southern Power Company, to build a 1MW Smart Energy Matrix regulation facility at an American Electric Power site in Groveport, Ohio.
The system, which will be connected to the grid within the operating region of the PJM Interconnection, will provide flywheel-based frequency regulation services.
When the 1MW flywheel system is installed and connected, Beacon will begin providing regulation services directly to PJM and earning commercial revenue from such services.
American Electric Power (AEP) will provide the site and certain integration services in support of the project, and in exchange gain in-depth knowledge about the performance of Beacon’s system and its impact on frequency regulation and grid stability.
The agreement calls for Beacon to deliver, install, test and operate, at its expense, a 1MW Smart Energy Matrix. AEP will provide and/or install materials and services needed to interconnect Beacon’s system to PJM, including the foundation, electrical transformer, associated wiring and connection to power lines.
AEP has already completed the necessary system impact study and executed an interconnection agreement. Installation of the Smart Energy Matrix is scheduled to begin in mid-year 2009.
