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News/Resources: PRESS RELEASES

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Introduction

Boston, Massachusetts, March 9, 2011 -- The Federal Energy Regulatory Commission
(FERC) has proposed new rules that would compensate regulation energy storage
technologies based on the benefits they provide to the electric grid.  Andrew O. Kaplan, a Partner in Brown Rudnick’s Energy & Utilities Group, who pursued the FERC decision in his ongoing representation of energy storage company Beacon Power Corporation (Nasdaq: BCOND) stated that "FERC's decision to propose new pay-for-performance market rules indicates the Commission’s continuing support of the energy storage marketplace and will encourage additional investment in technologies that can be used to regulate the grid quickly and accurately.”  F. William Capp, Beacon Power President and Chief Executive Officer, views the decision as “a major step in recognizing the superior value that fasterresponding regulation resources bring to the grid.”  Mr. Capp noted that “Brown Rudnick has been a significant member of Beacon’s team and our company has benefited enormously from their legal acumen and strategic thinking.”

To read the full press release, please click here.

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