Beacon Power

COMPETE Coalition member Beacon Power announced it has successfully brought on line the first flywheel facility to provide commercial service on the U.S. electricity grid.  Beacon brought the first 8 megawatts (MW) of athe facility's planned 20 MW capacity into service, clearly showing how competitive electricity markets drive innovative technology development not possible in protected monopoly regions of the country.
 

With the rapid growth of wind energy and demand for renewable energy sources, electricity providers are working with innovative companies to develop and implement energy storage solutions, according to a recent article by New York Times reporter Matthew Wald.
 

In a clear demonstration of the widely diverse support for competitive electricity markets across the country, the COMPETE Coalition recently announced it has surpassed 400 total members. COMPETE’s membership roster is one of the most diverse of its kind and reveals broad recognition of the economic and environmental benefits provided by competition in organized regional electricity markets. 

Founded in 2005, COMPETE continues to meet the needs of companies and organizations that understand how competitive markets foster the innovation and technology development necessary to meet 21^st century energy challenges, address climate change, and provide lower-cost power to consumers. The coalition experienced a 43 percent increase in membership in 2009.