July 24, 2008

Environmental Power Corporation Announces Second Quarter 2008 Business Update Conference Call

TARRYTOWN, N.Y., July 24 /PRNewswire-FirstCall/ -- Environmental Power Corporation , a leader in the production of renewable natural gas, will hold its second quarter 2008 Business Update Conference Call on Thursday July 31, 2008 at 10am Eastern Time to update investors on ongoing progress and recent developments of the company.

Richard Kessel, President and CEO and Micky Thomas, Chief Financial Officer will host the call.

   Conference Call Details   When:                10am Eastern Time; July 31, 2008   Dial-in:             U.S. Toll Free: 877-737-1669                        Canadian Toll Free: 800-501-6064                        International Toll: 302-709-8008   Verbal Passcode      VK34741    Replay Access #:     U.S.                   800-355-2355 Code 34741#                        Int. & Canadian Toll:  402-220-2946 Code 34741#    
The call will be available for 3 days by accessing the number above after which it will be available on our website http://www.environmentalpower.com/


Environmental Power Corporation is a developer, owner and operator of renewable energy production facilities. Its principal operating subsidiary, Microgy, Inc., holds an exclusive license in North America for the development and deployment of a proprietary anaerobic digestion technology for the extraction of methane gas from animal wastes and other organic waste for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com/.


The Private Securities Litigation Reform Act of 1995, referred to as the PSLRA, provides a "safe harbor" for forward-looking statements. Certain statements contained in this press release, such as statements concerning planned manure-to-energy systems, our sales pipeline, our backlog, our projected sales and financial performance, statements containing the words "may,""assumes,""forecasts,""positions,""predicts,""strategy,""will,""expects,""estimates,""anticipates,""believes,""projects,""intends,""plans,""budgets,""potential,""continue,""targets""proposed," and variations thereof, and other statements contained in this press release regarding matters that are not historical facts are forward-looking statements as such term is defined in the PSLRA. Because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: uncertainties involving development-stage companies; uncertainties regarding project financing, the lack of binding commitments and/or the need to negotiate and execute definitive agreements for the construction and financing of projects, the sale of project output, the supply of substrate and other requirements and for other matters; financing and cash flow requirements and uncertainties; inexperience with the development of multi-digester projects; risks relating to fluctuations in the price of commodity fuels like natural gas, and our inexperience with managing such risks; difficulties involved in developing and executing a business plan; difficulties and uncertainties regarding acquisitions; technological uncertainties; including those relating to competing products and technologies; risks relating to managing and integrating acquired businesses; unpredictable developments; including plant outages and repair requirements; the difficulty of estimating construction, development, repair and maintenance costs and timeframes; the uncertainties involved in estimating insurance and implied warranty recoveries, if any; the inability to predict the course or outcome of any negotiations with parties involved with our projects; uncertainties relating to general economic and industry conditions, and the amount and rate of growth in expenses; uncertainties relating to government and regulatory policies and the legal environment; uncertainties relating to the availability of tax credits, deductions, rebates and similar incentives; intellectual property issues; the competitive environment in which Environmental Power Corporation and its subsidiaries operate and other factors, including those described in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, well as in other filings we make with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

   Company Contact                            Public Relations Contact   Mark Hall, Senior Vice President           John Abrashkin   Environmental Power Corporation            Ricochet Public Relations   (630) 573-2926                             (212) 679-3300 x121   [email protected]               [email protected]  

Environmental Power Corporation

CONTACT: Mark Hall, Senior Vice President of Environmental PowerCorporation, +1-630-573-2926, [email protected], or John Abrashkinof Ricochet Public Relations, +1-212-679-3300 ext. 121,[email protected]

Web site: http://www.environmentalpower.com/