Environmental Power Corporation Signs Agreements for Renewable Energy

Environmental Power Corporation announced the execution of two project option agreements by Microgy, Inc., a wholly owned subsidiary of Environmental Power Corporation, to build, own and operate Renewable Natural Gas (RNG) production facilities with dairies in Colorado and Idaho.

The projects result from the joint efforts of Environmental Power and Cargill, Inc. to identify 3.2 million mmbtu (million British thermal units) per year of RNG production under a Business Development Agreement executed between the companies in October of 2006.

The two facilities are expected to produce over 800,000 mmbtu/year of RNG at full production. Environmental Power expects both plants to be operational early in 2009. In addition, Environmental Power and Cargill are actively working on other projects that will produce another 1.2 million mmbtu’s of RNG per year.

“We are very pleased that the relationship with Cargill has already generated two project agreements,” stated Rich Kessel, President and Chief Executive Officer of Environmental Power. “We look forward to a long and mutually beneficial relationship with Cargill and our dairy partners in Colorado and Idaho.”

“Cargill’s dairy customers in Colorado and Idaho recognized a unique opportunity by joining us in these projects,” said Mike Rohlfsen, Director of Cargill Emission Reduction Services. “Their participation is a reflection of truly progressive dairy management, with an eye toward improving their bottom lines while benefiting the environment. Cargill, its customers and Microgy worked closely together to make this happen and it represents a great start in our collaborative relationship.”

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