11 May 2001
11 May 2001
Beacon Power Corporation is to expand its flywheel energy storage system product line with the addition of a high-power flywheel aimed at generator set support and other high-power/short-duration applications. Target applications for this new product are power quality protection and ride-through to generator start for larger cellular and central office sites within Beacon's communications market focus. A 100kWh unit, suitable for generator support and other distributed power applications, is in commercial production and immediately available. A 200kWh rating is currently in development and will be available in 2002. These products possess superior reliability and performance characteristics compared with competing flywheel systems in the market.
Under an agreement reached between Beacon and Urenco Power Technologies (Urenco), the world leader in high-speed, high-power composite flywheels, Urenco will manufacture the product at their Capenhurst, UK facility. Beacon will have exclusive distribution rights for the product in North American communications markets for generator ride-through applications. The 100kWh product will deliver between 50kWh and 100kWh for 3.5 minutes and 1.0 minute respectively.
""We are excited to offer our communications customers a high-power flywheel product more than 2 years ahead of our business plan,"" said Beacon Power President and Chief Executive Officer William E. Stanton. ""Our strategic partner, Urenco Power Technologies, has more experience than any other company in the world with high-speed, maintenance-free composite rims, with literally thousands of units in operation - many operating non-stop for more than 10 years. Their product offers unparalleled performance and reliability and is ideally sized to support the higher-power needs of our telecommunications market customers, particularly in critical cellular and central-office power quality applications.""
""We chose to accelerate our product-line expansion through a distribution and branding agreement for two reasons,"" continued Stanton. ""First, the Urenco ""PQ"" flywheel design delivers excellent performance based on proven composite and bearing technology. Second, this agreement instantly expands the power ratings we can offer our customers, while allowing us to continue to focus our development resources on expanding our low-power, long-duration products. The quality and reliability of the Urenco product, which Beacon will sell in North America under the Beacon Power brand name, makes this an exciting strategic partnership."" Commenting on the agreement, Kelvin Schneider, Managing Director of Urenco Power Technologies said, ""Urenco Power Technologies is pleased to begin what we hope will be a long-term strategic partnership with Beacon. With this product, Beacon will be able to serve both the telecommunication and energy markets. We are confident that their intense focus on customer service will provide a strong introduction for our products in North America that will lead to higher production rates and lowered costs.""
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