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Environmental Power Corporation Receives NASDAQ Staff Determination of Non-Compliance with NASDAQ's Minimum Closing Bid Price Rule

At this time the Company does intend to pursue an appeal of the Staff Determination and request such a hearing before the Panel, at which hearing the Company must present a definitive plan to resolve the bid price deficiency. The Staff Determination states that historically, the Panel has generally viewed a reverse stock split in 30 to 60 days as the only definitive plan acceptable to resolve a bid price deficiency, but that the Panel could allow up to 180 calendar days from the date of the Staff Determination to accomplish a split if the Panel deems it appropriate. Submission of an appeal and hearing request not later than 4:00 p.m. Eastern Time on March 23, 2010, will stay the suspension of trading and the delisting of the Company's common stock pending the Panel's decision. There can be no assurance that the Panel will grant the Company's request for continued listing.

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: www.environmentalpower.com

    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