Region's Commitment to Renewable Energy and Proximity to Financial
Community Expected to Facilitate EPG's Continued Growth
TARRYTOWN, N.Y., March 26 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Nasdaq: EPG), a leader in the renewable bioenergy industry, today announced that it has completed its move to its new corporate headquarters in Tarrytown, NY. The company's relocation from its previous headquarters in Portsmouth, New Hampshire, positions Environmental Power to execute on a deep pipeline of renewable energy facilities through greater access to the region's financial community.
"We have a strong array of renewable energy projects across the country, both under construction and under development," said Rich Kessel, President and Chief Executive Officer of Environmental Power. "With the company poised for significant growth in the coming years, it is more important than ever for us to have a close connection to the financial community in the New York region where many of our largest investors are located. In addition, we are encouraged by the forward-looking positions that state and Federal elected officials in New York and nearby states place on renewable energy and by the diversified pool of talent in the metropolitan New York area, especially candidates with expertise in engineering and the energy industry."
The company will initially employ approximately 20 people at the headquarters but expects to grow to 30 full-time employees over the next year.
Environmental Power's wholly owned subsidiary, Microgy, Inc., develops
renewable energy facilities that generate methane-rich biogas from
agricultural and food industry waste. This biogas can be conditioned to
natural gas standards an
|SOURCE Environmental Power Corporation|
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