Beacon Power, which designs and develops products and services to support efficient electricity grid operation, has executed an information sharing and performance evaluation agreement with the energy grid operator National Grid.
Under the two-year agreement, Beacon Power and National Grid will share technical, performance and economic data associated with Beacon’s flywheel energy storage systems and their potential operational value to National Grid’s electricity transmission networks.
Beacon Power and National Grid will focus on the sharing of technical information and performance results for Beacon’s Smart Energy Matrix, the energy storage-based regulation resource that Beacon is operating under ISO New England’s Alternative Technologies Program.
The two companies will also be sharing technical information and analysis of the potential economic and performance benefits of flywheel regulation and wind-related ramp mitigation, in both the US and the UK, said the company.
Under terms of the agreement, Beacon will work with National Grid to forecast future increases in the demand for regulation capacity resulting from greater deployment of wind power. National Grid will also work with Beacon Power to define an optimal control algorithm for Beacon’s energy storage technology that would maximize regulation benefits on the grid.