BP Fly Corporation designs, manufactures, and operates flywheel-based energy storage systems that it is deploying in company-owned merchant plants that sell frequency regulation services in open-bid markets. The company also intends to sell systems on an equipment basis in domestic and overseas markets that lack open-bid auction mechanisms. It may also share ownership of some plants with utilities or other investors; enter into bi-lateral contracts with utilities that provide or purchase regulation services to satisfy their obligations to pay for or provide regulation services; and/or participate in pilot programs to demonstrate its technology. For the sale of frequency regulation services in the United States, the company’s primary market focus is on the geographic regions of the domestic grid under Federal Energy Regulatory Committee (FERC) regulation that provide open-bid markets. These regions and their Independent System Operator (ISO) or Regional Transmission Operator (RTO) designations include New England (ISO-NE); California (California ISO or CAISO); New York (New York ISO or NYISO); Mid-Atlantic (PJM Interconnection); and Midwest ISO (MISO). These regional ISOs/RTOs, or grid operators purchase frequency regulation services from independent providers in open-bid markets that they manage and maintain. Defense Applications The company has a contract with the U.S. Naval Sea Systems Command (NAVSEA) to evaluate the use of flywheel energy storage for multiple shipboard applications that may lead to a conceptual design of a flywheel system for future naval surface combatants and possible retrofit into existing Navy ships. History BP Fly Corporation was founded in 1997.
beacon power corporation (BCONQ:OTC US)
65 Middlesex Road
Tyngsboro, MA 01879
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