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Environmental Power Holds Ceremony to Mark Commencement of Construction of Renewable Natural Gas Facility at Cnossen Dairy

Posted on: Wednesday, 6 August 2008, 09:00 CDT

TARRYTOWN, N.Y., Aug. 6 /PRNewswire-FirstCall/ -- Environmental Power Corporation , a leader in the renewable bioenergy industry, today is celebrating the commencement of construction of its Hereford RNG(R) facility in Texas. The plant will use proven anaerobic digester technology to generate methane-rich biogas from manure as well as other food and agricultural wastes, condition it to natural gas standards and distribute renewable natural gas (RNG(R)) via a commercial pipeline. Prior to the ground breaking, Texas Commissioner of Agriculture Todd Staples will hold a press conference, where he is expected to describe the opportunity for cooperation among agricultural and energy stakeholders.

Environmental Power's subsidiary Microgy, Inc. will construct, own and operate the renewable energy production facility. At full capacity, the facility is expected to generate 635,000 MMBtu per year -- the energy equivalent of 4.5 million gallons of heating oil and enough to heat about 11,000 homes.

"The ground breaking of our project at Cnossen Dairy signifies our continuing commitment to developing large-scale renewable natural gas production facilities in the Texas market," said Rich Kessel, President and CEO of Environmental Power. "We are very pleased to be working in partnership with Frank and Jim Cnossen and are very appreciative of the reception we have received here in Hereford."

Prior to the ground breaking, Commissioner Staples will meet with representatives of federal, state and local authorities, local farmers and members of the energy industry. The meeting will focus on integrating agriculture and energy industries in Texas.

"Texas is a leader in renewable energy and this new innovative plant plays an important role ensuring the Lone Star State remains in the forefront," Agriculture Commissioner Todd Staples said. "New opportunities abound for our state's agricultural producers and they take pride in partnering in projects resulting in a healthier environment. We are not dependent on foreign food and should not be dependent on foreign oil."

Cnossen Dairy is a state of the art production dairy, home to 10,000 cows and employing the latest technologies to maximize efficiency and minimize environmental impact. Microgy's facility will provide a sustainable waste management solution for the dairy and will generate valuable byproducts such as fertilizer and animal bedding.

"With the beginning of construction on this exciting new project, Microgy and Cnossen Dairy are demonstrating their dedication to exploring innovative ways to benefit our community," said Sheila Quirk, Executive Director of the Hereford Economic Development Corporation. "This plant will create a new cost-effective source of fuel derived from waste materials, allowing us to improve the local dairy industry's environmental profile while strengthening the region's economy."

The Cnossen Dairy project is similar in scale to Huckabay Ridge, located in Stephenville, Texas. Huckabay Ridge, which opened in November 2007, is the largest renewable natural gas production facility in North America and has been generating commercial quantities of RNG(R) since January 2008.

ABOUT ENVIRONMENTAL POWER CORPORATION

Environmental Power Corporation is a developer, owner and operator of renewable energy production facilities. Through the Company's subsidiary, Microgy uses anaerobic digestion technology to extract 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/.

CAUTIONARY STATEMENT

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.

CONTACT: 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 mhall@environmentalpower.com jabrashkin@ricochetpr.com

Environmental Power Corporation

CONTACT: Mark Hall, Senior Vice President of Environmental PowerCorporation, +1-630-573-2926, mhall@environmentalpower.com; or PublicRelations, John Abrashkin of Ricochet Public Relations for Environmental PowerCorporation, +1-212-679-3300 x121, jabrashkin@ricochetpr.com

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

Source: PRNewswire-FirstCall

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