Environmental Power Executes Letter of Intent

March 06, 2003 by Jeff Shepard

Environmental Power Corp. (Portsmouth, NH), through its subsidiary Microgy Cogeneration Systems Inc. (Golden, CO), has executed a letter of intent with Dairyland Power Cooperative to create a strategic alliance to deploy animal waste to energy systems on dairy and swine farms in Dairyland's service territory in the Midwest. The proposed systems will produce up to 25MW of renewable distributed generation capacity and will be based on Microgy's proprietary anaerobic digestion technology that processes and controls animal waste from dairy and swine farm operations. The biogas produced from the digesters will be purchased by Dairyland for its use in generating clean, renewable energy.

Dan Eastman, vice president of business development for Microgy, stated, "Our proposed strategic alliance with Dairyland will enable numerous farms to lessen their impact on the environment, respond to new Environmental Protection Agency pollution regulations for Concentrated Animal Feeding Operations and profit from the production of renewable energy."