Amplify’d from www.pennenergy.com
Source: U.S. Department of Energy
Beacon Power wins $43MM DOE loan guarantee for flywheel energy storage plant in NY
Read more at www.pennenergy.com
Energy Secretary Steven Chu announced that a $43 million loan guarantee has been finalized for Beacon Power Corporation's 20 megawatt innovative flywheel energy storage plant in Stephentown, NY. The plant will help improve the stability and reliability of the state's electric grid and Beacon estimates it will create 20 construction jobs in New York and 40 permanent jobs in Massachusetts. Beacon Power is an energy storage company headquartered in Tyngsboro, Massachusetts.
"This project demonstrates our ongoing commitment to helping bring clean technologies to market," said Secretary Chu. "We will continue to support the development and deployment of innovative energy systems like this energy storage project that support our goal of expanding renewable energy generation and reducing greenhouse gas emissions."
"This is truly exciting news for the Rensselaer County and for New York State," said Senator Kristen Gillibrand, a member of the Senate Environment & Public Works Committee. "It is the continued development of new energy technologies, like the fly-wheel system designed by Beacon Power that will move our nation forward towards a clean energy economy. This significant investment will create green jobs, spur economic development, and help bring increased energy reliability for New Yorkers."
See this Amp at http://amplify.com/u/8iai
No comments:
Post a Comment