The market for grid frequency regulation services open to new service providers in the United States in 2004 was valued at nearly $360 million – and is expected to increase in 2005 – according to a Technology Brief issued today by Ardour Capital Investments, LLC. Frequency regulation is the target market for Beacon Power Corp (BCON) Smart Energy Matrix flywheel energy storage system, two demonstration systems of which are being built under contract to the California Energy Commission (CEC) and the New York State Energy Research and Development Authority (NYSERDA). The Technology Brief is available online at www.ardourcapital.com, under “Ardour’s Energy Tech Updates.” [ more ]
