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WEDNESDAY, JANUARY 21, 2004 9:49 AM
WILMINGTON, Mass., Jan 21, 2004 (BUSINESS WIRE) -- California Energy Commission and New York Public Service Commission Approve M5 System for Inclusion on Key State Listings
Beacon Power Corporation (BCON) , a leader in sustainable energy storage and power conversion systems, announced that the Smart Power M5 system has been added to approved listings in California and New York, two of the country's most important solar markets. This news comes less than one month after the M5 received formal Underwriter's Laboratories (UL) certification.
In California, the California Energy Commission (CEC) officially added the Smart Power M5 to their approved products list. Through its Emerging Renewables Program, the CEC offers cash rebates to homeowners and small businesses when purchasing eligible grid-connected renewable energy systems. In New York, the Public Service Commission (NYPSC) added the M5 to its Type Tested and Approved Equipment list, which means the Beacon system is now approved for interconnection to the utility grid in that state.
"The CEC and NYPSC listings are essential steps in the sales process in two of our most important state markets. In California, only CEC-listed products qualify for the buydown rebate," said Bill Capp, Beacon Power president and CEO. "It is also worth noting that according to CEC standards, the M5 delivers the highest system efficiency of any comparable grid-tied battery backup product."
More information on the California Energy Commission's buydown program is available at www.consumerenergycenter.org/renewable/index.html. Information on NYPSC's Type Tested and Approved Equipment is available at www.dps.state.ny.us/SIRDevices.PDF.
The Smart Power M5 is designed for use in grid-connected solar power applications, and addresses the needs of customers who have concerns about the stability and reliability of the electrical grid. The Smart Power M5 immediately converts to an independent battery backup mode when the grid fails, continuing to provide power to critical loads. It is also the most compact, easy to install and efficient product in this category.