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ahhhhhh. a fresh new day. well lets see if we hold our gains, Or an early morning deadfall which is common with this stock.Warm up them dice gentlemen and good luck today
holding gains so far news could blow this high. quarter figs coming any day now got a response email. he said mid march it will be released.
UP 20 PERCENT GOOD MORNING SO FAR.UTILITIES WILL GO BACK UP AND EPG WILL MAKE HUGE LEAPS
this will blow up within the next 3-6 months. go long
They are the leader.they will grow from every contract they hold now.these huge power companies are starting to utilize epg to conform to new regulations.it's the perfect model :low overhead high profit period. don't follow me....... research, research, research.
News Link.. New Revenue Stream..
http://finance.yahoo.com/news/Environmental-Power-and-Xcel-bw-14523318.html
ahhhhhhhh finally some good news on forward progress. its been a while. hopefully some more progressive news up and coming on production levels at their other facilities. cross em boys looks good
10k blocks showing up late day, could be a good sign of things to come..
etrade will not allow online buys of this stock.
I just bid other stuff.
Its not an acct. prob.
Congrats to all who got in EPG. HOD of 1.19 and on a red dow to boot!!!!
Keep EPG on radar tomorrow and see if we can test that 1.19 area again.
Nice, I hope you made some green, they had .80 start at 9:45 email alert and we hit 1.19. Nice job beacon weeeeeeeeee
Shares of EPG surged over 37% by the close of trading on coverage initiated by Beacon Equity Research. Volume was huge and the MACD looks poised to cross back above the "0" line suggesting a "strong" bullish trend. The stochastics is far from overbought levels and the stock is now trading back above the 50 day moving average.Given the fact that we closed near the middle of the range, it looks like we may retest and probably exceed todays high. Therefore, shares should be purchased on any weakness.
*EPG .81 (rkoift) pp=.96 s=.72 r=1.21
Environmental Power Corporation develops, owns, and operates renewable energy production facilities in the United States. It develops renewable energy facilities for the production and commercial application of methane-rich biogas from agricultural and food industry wastes. The biogas is used to produce pipeline-grade methane or marketable biogas, compressed natural gas, liquefied natural gas, renewable electrical energy or thermal energy, as well as other by-products. The company was founded in 1982 and is headquartered in Portsmouth, New Hampshire.
back up 1.09/1.10, fine
Resistance at 1.43
Has alot of room to grow here.
nice chart and nice volume!
EGP News
Environmental Power's Huckabay Ridge Facility Begins Delivery of Renewable Natural Gas to Pacific Gas & Electric Company
Monday December 22, 9:24 am ET
TARRYTOWN, N.Y., Dec. 22 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Nasdaq: EPG - News), a leader in the renewable bioenergy industry, today announced that repairs and upgrades to its Huckabay Ridge facility in Stephenville, Texas, have been completed and the facility has resumed production of pipeline-quality renewable natural gas (RNG®). The company is delivering RNG® to Pacific Gas & Electric Company (PG&E) under the previously announced long-term purchase agreement that will run through December 2018. Energy production at Huckabay Ridge is ramping up and is expected to reach targeted production levels in January 2009. The company will provide periodic progress updates as we bring the facility to full production.
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"The completion of repairs and upgrades at Huckabay Ridge sets the stage for reliable commercial production of RNG®," said Rich Kessel, President and CEO of Environmental Power. "The process knowledge we have gained from operating the largest RNG® facility of its kind in the world will be invaluable as we continue to develop our pipeline of facilities in Texas, California and elsewhere."
"PG&E has established a leadership position in seeking new sources of renewable energy," continued Kessel. "We are excited to begin delivery of renewable, climate-friendly energy from Environmental Power and look forward to working with them in the coming years."
Repairs to Huckabay Ridge included upgrades to the gas conditioning equipment that converts biogas generated in the facility's eight anaerobic digestion tanks to pipeline-quality methane. The conditioning equipment principally removes carbon dioxide, water vapor and sulfur compounds to upgrade the biogas to pipeline-grade standards.
Huckabay Ridge is owned and operated by Microgy Holdings, LLC, a wholly-owned subsidiary of Environmental Power. The facility generates methane-rich biogas from manure and other organic waste, conditions the biogas to natural gas standards and distributes RNG® via a commercial pipeline.
Pursuant to the long-term purchase agreement with PG&E, PG&E has agreed to purchase up to 8,000 MMBtu of RNG® daily from Environmental Power facilities. Gas from Huckabay Ridge will be delivered to PG&E in California and the additional gas will come from facilities currently under development at dairies in California's Central Valley.
ABOUT ENVIRONMENTAL POWER CORPORATION
Environmental Power Corporation is a developer, owner, and operator of renewable energy production facilities. Our principal operating subsidiary, Microgy, Inc., develops and operates proven large scale, commercial anaerobic digestion based projects which produce a versatile methane-rich biogas from livestock waste and other organic sources. 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
Micky Thomas, Chief Financial Officer John Abrashkin
Environmental Power Corporation Ricochet Public Relations
(914) 631-1435 (212) 679-3300 x121
mthomas@environmentalpower.com jabrashkin@ricochetpr.com
--------------------------------------------------------------------------------
Source: Environmental Power Corporation
EPG is todays Beacon pump stock...Just recieved e-mail alert to buy EPG...
EGP Nice looking chart here The MACD line has just crossed the red signal line and is headed up Notice the RSI has just crossed the magic 50 line and is headed up as well. Support is at .56 and .45 Resistance is at the 50 MA line of .64 a break of .64 and we could see a possible test of .87
EGP Nice looking chart here The MACD line has just crossed the red signal line and is headed up Notice the RSI has just crossed the magic 50 line and is headed up as well. Support is at .56 and .45 Resistance is at the 50 MA line of .64 a break of .64 and we could see a possible test of .87
Environmental Power Corporation Announces 2007 Annual Results Business Update Conference Call
Management to Host Conference Call on Monday, March 17th at 10am ET
PORTSMOUTH, N.H., March 4 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Nasdaq: EPG), a leader in the renewable bioenergy industry, will hold a 2007 Annual Results and Business Update Conference Call on Monday, March 17, 2007 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; March 17, 2008
Dial-in: U.S. Toll Free: 800-391-2548
Canadian Toll Free: 866-627-1646
International Toll: 302-709-8328
Verbal Passcode VK77210
Replay Access #: 800-355-2355 Code 77210#
The call will be available for 3 days by accessing the number above after which it will be available on our website www.environmentalpower.com
Yeah, looks like a trade at least to the $5-5.39 level or above a little and then head back down but looks to being to try and forming some sort of base imo... I like it now for a trade but I think the tech is 5-10yrs off...GL
lots of resistance between 5 and 5.39...
Looks like a break of $5 could spell a breakout...lots of consolidation took place and think we can see where a bottom formed. could be some profit taking before heading up, but the upward trend looks good to me... GLTY
Lot of support at 4. What's your current take on EPG Gateway_Stocks?
You still like EPG?
Environmental Power Announces Key Dairy Partnerships in California; Capacity Expected to Meet Gas Purchase Pact with PG&E
Monday November 13, 8:30 am ET
PORTSMOUTH, N.H., Nov. 13 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, announced today that its Microgy, Inc. subsidiary has executed definitive lease and manure handling agreements with several California dairies for the development of renewable gas facilities. At full operation these facilities are expected to generate approximately 8000 mcf/day of RNG(TM), an amount sufficient to fulfill Microgy's saleable gas rights under the recently announced long term purchase contract with Pacific Gas & Electric (PG&E). RNG is Microgy's branded, renewable, pipeline quality methane product.
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The dairies -- Bar 20 Partners, Maddox Dairy, Joseph Gallo Farms, Lancing, LLC, Hollandia Farms, Inc., and Cloverdale Dairy, LLC -- will host Microgy's owned and operated facilities capable of supplying an aggregate of over 2.5 billion cubic feet of RNG annually, or the equivalent natural gas needs of approximately 50,000 California residences, while concurrently capturing nearly one million metric tons annually of greenhouse gas emissions. As California has recently enacted mandates to reduce greenhouse gases, these carbon credits are expected to have significant value, as they would have an estimated annual value of over $3 million based on current prices for such credits on the Chicago Climate Exchange.
Rich Kessel, President and Chief Executive Officer of Environmental Power said, "Today's announcement firmly establishes our entry into California, the largest dairy market in the United States. We view our first mover status, proven and efficient technology and PG&E's commitment to purchase our RNG as further validation of our business model. We will continue to aggressively pursue additional manure supply and long-term gas purchase agreements in this largely untapped market." He continued, "The standardized, multi-tank gas production facilities that Microgy will install, own and operate in California will mirror the facilities currently in construction and development at four locations in Texas, and we intend to explore long-term, tax-exempt financing for the California facilities, similar to the financing we recently completed for the Texas facilities."
Stephen Maddox, Managing Partner of Maddox Dairy, said, "I'm excited to be part of an effort that promises economic opportunity and enhances environmental stewardship. I am proud to know that, in addition to providing milk products, my dairy operation will generate renewable energy to fuel California's businesses and homes."
Mike Gallo, CEO of Joseph Gallo Farms, added, "Our strategic partnership with Microgy allows us to diversify our revenue stream, enhance dairy operations and continue our strong commitment to the environment." The agreement announced today represents the second agreement between Microgy and Joseph Gallo Farms to develop multi-tank digester facilities on dairies owned by Joseph Gallo Farms in Atwater, CA. Microgy and Joseph Gallo Farms in July 2005 announced their first agreement for the construction of an anaerobic digester facility designed to supply RNG to offset propane use in Joseph Gallo Farms' cheese production facility.
John Shehadey of Bar 20 Partners, Ltd. stated, "Microgy came to us with a practical, business-oriented approach to environmentally-friendly manure management, and we welcome those sorts of proposals. It shows that profits and environmental concerns don't always have to be mutually exclusive if you use a little creativity and common sense in your approach."
"These strategic partnerships are very exciting and represent a milestone for Microgy," said Jeff Dasovich, Microgy's Senior Vice President based in California. "We believe that they represent the tip of the iceberg for Microgy's development and growth in California's vital dairy sector. One of our standard systems digests the manure from approximately 10,000 milking cows. There are about 1.6 million dairy cows in California's Central Valley. Our relationship with PG&E and the dairy agreements announced today highlight our market leadership position and provide a solid platform on which to grow Microgy's RNG asset base and bring tangible benefits to California's residents, its agricultural community, and the environment."
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com.
Environmental Power to Present at Merriman Curhan Ford & Co.'s Investor Summit 2006 on September 18
Tuesday September 12, 8:00 am ET
- Hundreds of Institutional Investors Will Attend During the Three-Day Conference -
PORTSMOUTH, N.H., Sept. 12 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, today announced that Richard Kessel, Chief Executive Officer, will present at the third-annual Merriman Curhan Ford & Co. Investor Summit on September 18, 2006 at 2:15pm. This event will be held at the Mark Hopkins InterContinental Hotel in San Francisco.
The company will outline its business model and the potential of its subsidiary, Microgy, Inc., which develops renewable natural gas production facilities. The company partners with dairy farms, cattle feed lots, and meat processing facilities to convert their animal waste into cost-effective methane-rich biogas that can be cleaned, compressed, and sold as commercial-grade natural gas.
More information about the conference can be found at: http://www.merrimanco.com
About Environmental Power
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com.
For More Information Contact:
Rich Kessel, President and CEO
Environmental Power Corporation
(603) 431-1780
rkessel@environmentalpower.com
Kam Tejwani, Vice Chairman
Environmental Power Corporation
(603) 431-1780
ktejwani@environmentalpower.com
Public Relations Contact:
John Abrashkin, Ricochet Public Relations
(212) 679-3300 x121
jabrashkin@ricochetpr.com
Investor Relations Contact:
John Baldissera, BPC Financial Marketing
1-800-368-1217
Environmental Power Taps Kessel As CEO
Tuesday July 18, 7:58 am ET
Environmental Power Names Richard Kessel CEO, Concludes Management Restructuring
PORTSMOUTH, N.H. (AP) -- Environmental Power Corp., a developer of alternative energy facilities, on Tuesday said it named Richard Kessel president and chief executive.
The appointment, part of a larger management transition, was effective on July 17.
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Kessel, 56, takes over for Kamlesh R. Tejwani, who was Environmental Power's president and CEO since July 2003. Tejwani will remain vice chairman of the board of directors.
Kessel was most recently president and CEO of Suez Environment North America, a $1.3 billion water, wastewater and environmental management business. In his new role, Kessel will also serve as president of Environmental Power's subsidiary, Microgy Inc. He replaces Donald A. Livingston, who has been the acting president of Microgy since March.
The company said Kessel's appointment concludes a leadership transition initiated by the pending retirements of Livingston and Environmental Power Chairman Joseph E. Cresci. Cresci and Livingston will retain their board seats and additionally serve as consultants to the company. Cresci will continue as chairman until his retirement.
The company said the new leadership structure would also allow Tejwani to concentrate on the execution of the company's near-term financing strategies.
Environmental Power reported a net loss for the first quarter of 2006 of $1.4 million, or 15 cents per share.
Pacific Gas and Electric Company and Microgy, Inc. To Deliver Renewable Natural Gas To California Market
Tuesday July 11, 8:00 am ET
Cow Manure and Other Wastes to Generate Renewable Natural Gas
SAN FRANCISCO and PORTSMOUTH, N.H., July 11 /PRNewswire-FirstCall/ -- Pacific Gas and Electric Company ("PG&E") and Microgy, Inc. ("Microgy") today announced an agreement that allows Microgy to utilize PG&E's extensive natural gas transmission network to distribute renewable natural gas to markets in California and the West.
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Microgy, a subsidiary of Environmental Power Corporation, plans to generate renewable natural gas from dairy and other wastes using its proprietary biogas production technology. Under the terms of the agreement, PG&E will work with Microgy to interconnect these facilities with PG&E's extensive network of natural gas pipelines.
As these state-of-the-art, gas-generating facilities are constructed at farms in the central valley, California will enjoy a reliable supply of renewable, environmentally friendly gas at market-competitive prices.
"California is the largest dairy producer and the largest energy consumer in the United States. This interconnection agreement will provide California with access to a new gas supply from our projects, said Kam Tejwani, CEO, Environmental Power Corporation. Our projects will also provide additional economic benefits to the dairies that host these projects," Tejwani added. "The opportunity for the central valley dairy community to participate in Microgy's project development efforts represents a great opportunity to help California meet the state's growing energy demand in an environmentally effective manner."
"California potentially stands to gain a significant new supply for its natural gas customers," said Bob Howard, PG&E's vice president, gas transmission and distribution. "This agreement ensures the necessary infrastructure is in place to deliver this renewable natural gas to the California marketplace, benefiting customers."
About Environmental Power
Environmental Power Corporation (Amex: EPG - News) is a developer, owner, and operator of renewable energy production facilities. Its principal operating subsidiary, Microgy, holds an exclusive license in North America for the development and deployment of a proprietary biogas production technology. Its facilities transform manure and food industry waste into methane-rich biogas that can be used to generate electricity or thermal energy, or refined to pipeline-grade methane for sale as a commodity.
About Pacific Gas and Electric Company
PG&E is one of the largest utilities in the United States, with 5 million electric customers and 4.1 million natural gas customers. The company, a subsidiary of PG&E Corporation, serves approximately 15 million people throughout a 70,000 square mile service area in northern and central California. PG&E operates 123,054 circuit miles of electric distribution lines; 18,610 circuit miles of interconnected transmission lines; 40,123 miles of natural gas distribution pipelines; and, 6,136 miles of transportation pipelines.
For more information about Pacific Gas and Electric Company, please visit
http://www.pge.com
For more information about Environmental Power Corporation, please visit
http://www.environmentalpower.com
New York Times Discusses Microgy Projects in Manure-to-Energy Story
Wednesday July 5, 10:52 am ET
Coverage Provides Analysis of Growing Market for Anaerobic Digesters and Domestically Produced Energy
PORTSMOUTH, N.H., July 5 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, today announced that its subsidiary, Microgy, Inc., has been covered in depth in the New York Times. The July 4, 2006 business story, titled "Tapping the Latent Power in What's Left Around the Barnyard," frames Microgy as a leader of the growing anaerobic digestion market.
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The story centers on the potential for domestic biogas to generate a significant portion of the country's needs. According to Agstar officials, "[At] least 70,000 dairy and swine farms are big enough to support a commercial digester and could collectively provide enough energy to power more than 560,000 homes, while keeping more than 1.4 million tons of methane out of the atmosphere."
As the Times article points out, Dairyland Power Cooperative already "is taking enough manure-generated electricity from Microgy projects in Wisconsin to power 1,800 homes, and John M. McWilliams, the utility's resource planner, said he hoped to have 30 digesters linked to his grid soon. Mr. McWilliams called manure-to-energy systems one of the few environmental technologies that can offer guaranteed supply and stable prices."
Growing numbers of power-generating digesters on farms in the Midwest may help to "transform the economics of rural America," according to Michael T. Eckhart, President of the American Council on Renewable Energy. Several farms, including Five Star Dairy, are already experiencing the benefits. Lee Jensen, the farm's general manager, said of his Microgy installed and operated digester, "We're not taking any risk, the reduction in odors is huge, and we're powering 600 homes with 900 cows. You've got to admit, that's pretty efficient."
The article is available online at
http://www.nytimes.com/2006/07/04/business/04manure.html.
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com.
Yeah, that is kind of what I was thinking and with news... Thanks and GL
np, Gatez, just a basic one for now. if ya need a better one, I can dig one up. Agreed, looks like it's touching a double bottom and could be good for atleast a bounce play. GLTY
Hi, could you get a new chart up on this one...looks like coming off a bottom and new leg up...thnx and GL
Environmental Power Announces Development of Latest Renewable Natural Gas Production Facility in Texas
Monday June 12, 8:30 am ET
Rio Leche Facility Will Be Microgy's Third Large-Scale Biogas Production Facility in Texas
PORTSMOUTH, N.H., June 12 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, today announced that its subsidiary Microgy, Inc., is developing its third large-scale, pipeline-quality renewable natural gas (RNG) production facility in Texas. The facility, located in Dublin, TX, will be owned and operated by Microgy. Together with the Huckabay Ridge project currently in construction, and the Mission Dairy project currently in development, this project is expected to increase Microgy's estimated annual production of refined RNG to approximately 2 billion cubic feet annually upon completion of these facilities.
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The Rio Leche facility will be Microgy's third planned facility to implement its standardized, large-scale 8-digester design, and will closely resemble the company's Huckabay Ridge facility in construction in nearby Stephenville, Texas. Like Huckabay Ridge, Rio Leche will be sited at a compost yard and will process the waste from approximately 10,000 dairy cattle, as well as other food industry waste. Once completed, Rio Leche is expected to generate an estimated 650,000 MCF of pipeline-grade RNG annually (enough to heat approximately 11,000 homes), which will be cleaned, compressed, and delivered directly to a natural gas pipeline.
Environmental Power has acquired the site for the Rio Leche facility and has reached an agreement with Producers' Compost, which operates the compost yard at the Huckabay facility, to operate the compost yard at Rio Leche. The Rio Leche facility is now entering the permitting stage.
Huckabay Ridge, the company's first such facility, is in construction and is scheduled to begin commissioning this summer, with the facility expected to be fully operational this fall. The Mission project, the company's second large-scale RNG facility, located in Hereford, TX, has received its air permits, clearing the way for commencement of construction activities.
"The planned Rio Leche facility demonstrates our commitment to a strategy of responsible development intended to increase our RNG reserves across Texas, one of the most important cattle regions in the country," said Kam Tejwani, CEO of Environmental Power. "With our modular digester design and a relatively untapped market, we continue to explore more locations that will offer us an opportunity to produce cost-effective, pipeline-grade, renewable natural gas."
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com.
spiked last night on todays news...cheaters imo
Environmental Power Chairman Briefs Legislators on Production of Renewable Natural Gas
Thursday June 1, 8:00 am ET
Joe Cresci Details Market Opportunities and Potential for Growth Facing Environmental Power and the Biomass Industry
PORTSMOUTH, N.H., June 1 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, today announced that Chairman of the Board Joe Cresci has briefed the Subcommittee on Energy and Air Quality of the U.S. House of Representatives in a session titled, "Unlocking America's Energy Resources: Next Generation." Invited to speak on behalf of, and as a leader in, the biomass industry, Mr. Cresci outlined for the committee the opportunities and challenges that currently face the domestically produced renewable energy industry.
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Joined by representatives from GE Energy, Cummins, the National Renewable Energy Laboratory and other innovators in the energy industry, Mr. Cresci described for the House panel the business model, environmental impact, and energy production potential of the biogas production facilities being developed by Environmental Power's subsidiary, Microgy, Inc. Alluding to the 8-digester facility currently under construction in Huckabay Ridge, Texas, Mr. Cresci estimated that there is the potential, for the dairy industry alone, for "more than 150 Huckabay Ridge-sized projects in the United States, including more than 1,000 individual tanks, which would produce in excess of 81 billion cubic feet of RNG (renewable natural gas)." Mr. Cresci further stated that, taking into account other readily accessible markets, the aggregate energy production of potential biogas facilities in the United States could exceed 150 million mcf per year and that, in his opinion, its RNG would be competitively priced compared to projected prices for LNG imports.
Highlighting the complementary nature of EPC's digesters with ethanol production, Mr. Cresci told the subcommittee, "Our EPC digesters can be fueled with the byproducts of ethanol production, increasing both efficiency in the production of ethanol and reducing the wastes. EPC digesters can supply ethanol producers with RNG on-site, reducing reliance on conventional natural gas, imports of LNG, and even the infrastructure needed for natural gas transport."
Environmental Power's processing of animal waste to generate methane-rich biogas is both cost-effective and environmentally friendly. As Mr. Cresci informed the subcommittee, "Our technology and manure handling processes also significantly reduce greenhouse emissions, improve water quality, and dramatically reduce odors around animal operations."
The Chairman called for a private-public partnership and "simple parity" in incentive programs currently available to other renewable energy markets producers.
The transcript of this hearing is expected be available within 60-90 days of the conclusion of the hearing, and will be accessible via the Committee on Energy and Commerce's website: (http://energycommerce.house.gov/108/Hearings/05182006hearing1903/hearing.htm)
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com .
Environmental Power to Present at Thomas Weisel Partners Alternative Energy Conference
Tuesday May 30, 8:00 am ET
PORTSMOUTH, N.H., May 30 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Amex: EPG - News), a leader in the renewable biofuels industry, today announced that it will present at the Thomas Weisel Partners Alternative Energy Conference on Thursday, June 15, 2006 in New York.
The company will outline its business model and the potential of its subsidiary, Microgy, Inc., which develops renewable natural gas production facilities. The company partners with dairy farms, cattle feed lots, and meat processing facilities to convert their animal waste into cost-effective methane-rich biogas that can be cleaned, compressed, and sold as commercial-grade natural gas.
Event: Thomas Weisel Partners Alternative Energy Conference
Date: Thursday, June 15, 2006
Time: 3:00 PM Eastern Time
Location: Thomas Weisel Partners, 390 Park Avenue, New York NY
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at http://www.environmentalpower.com.
CONTACT
Kam Tejwani, CEO of Environmental Power Corporation
(603) 431-1780
ktejwani@environmentalpower.com
Public Relations Contact:
John Abrashkin, Ricochet Public Relations
(212) 679-3300 x121
jabrashkin@ricochetpr.com
Investor Relations Contact:
John Baldissera, BPC Financial Marketing
1-800-368-1217
Environmental Power Corporation Prices Offering of Common Stock
Business Wire - November 16, 2005 08:30
PORTSMOUTH, N.H., Nov 16, 2005 (BUSINESS WIRE) -- Environmental Power Corporation (the "Company") (AMEX: EPG) today announced that it had priced its public offering of 2.0 million shares of its common stock at $7.00 per share. All shares being offered are being sold by the Company.
MDB Capital Group LLC is the sole underwriter of the offering. The underwriter has been granted a 30-day option to purchase up to an additional 300,000 shares of common stock for the purpose of covering over-allotments, if any.
A copy of the Prospectus relating to the offering may be obtained from MDB Capital Group LLC at 401 Wilshire Boulevard, Suite 1020, Santa Monica, California 90401, Telephone: (310) 526-5000.
A registration statement relating to the common stock has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
ABOUT ENVIRONMENTAL POWER CORPORATION
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 for its use to generate energy. For more information visit the Company's web site at www.environmentalpower.com.
EPG-G
SOURCE: Environmental Power Corporation
Environmental Power Corporation
Kam Tejwani, 603-431-1780
ktejwani@environmentalpower.com
or
Lippert/Heilshorn & Associates
Jody Burfening / Chris Witty, 212-838-3777
cwitty@lhai.com
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Posts (Today)
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0
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Posts (Total)
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146
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Created
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10/16/05
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Type
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Free
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