When was Environmental Power Corporation formed?
What is renewable energy?
How will Microgy's technology help farmers and the agricultural industry?
What is anaerobic digestion?
How do you turn methane into energy?
What makes Microgy's anaerobic digestion process unique?
Will there be a continuing need for anaerobic digestion?
What is Environmental Power and Microgy's target market?
What are the growth prospects for Environmental Power Corporation?
How can I obtain more information about Environmental Power and its subsidiaries?
When was Environmental Power Corporation formed?
Environmental Power Corporation (EPC, the Company) was founded in 1982. Incorporated in Delaware and headquartered in Tarrytown, New York, EPC became a publicly traded company in 1986, and is now quoted on the NASDAQ Stock Market, LLC (ticker symbol: EPG).
Since inception, the Company has had a successful history of developing clean, renewable energy facilities that are also reliable and secure. With its subsidiary, Microgy, Inc., EPC has established its mission to be a leading company in resource management and energy production technologies which serve multiple socially responsible markets; an arena that is already sizable and has favorable long-term growth dynamics.
What is renewable energy?
Renewable energy is obtained from sources that are essentially inexhaustible (unlike, for example, the fossil fuels, of which there is a finite supply). Renewable sources of energy include wood, organic waste, geothermal, wind, photovoltaic, and solar thermal energy.
How will Microgy's technology help farmers and the agricultural industry?
Our technology will not only assist with animal waste disposal, it will offer a "profitable solution," giving farmers the possibility of significant savings and income. The technology also helps farmers facing new, federal and state regulations.
What is anaerobic digestion?
Anaerobic digestion is a biochemical process in which microbes, starved of oxygen, break down organic material into inorganic compounds, producing a methane-rich "biogas" that is used to generate power or replace natural gas. Our facilities can also provide heating, refrigeration, fertilizers, animal bedding, compost and other bio-solid products.
How do you turn methane into energy?
A principal product of the anaerobic digestion process is biogas, of which 45% to 60% is methane. With varying degrees of treatment depending on the end-use, the biogas can be used for most any application that natural gas can be used for. The biogas can run a generator to produce electricity, used to power boilers, or even be cleaned to natural gas standards and placed into the natural gas transmission or distribution pipeline.
What makes Microgy's anaerobic digestion process unique?
Microgy, through its exclusive North American license for a proven Danish anaerobic digestion technology, will deliver renewable energy by extracting methane-rich biogas from animal and food industry wastes. This proprietary technology has been in operation for more than 15 years in Europe, where our technology partner has developed dozens of projects based on this technology. Our system offers farms and food industry businesses a cost-effective and even profitable solution to assist in managing the wastes they generate, while addressing pressing environmental and regulatory waste disposal issues.
Ours is a proven technology that delivers energy that is cost-effective, renewable, reliable and secure.
Will there be a continuing need for anaerobic digestion?
As population increases and available land decreases, with more animals relying on less acreage, the need for resourceful methods of breaking down manure will grow. Anaerobic digestion is one of the the most efficient ways to beneficially reuse animal waste. And, as society continues to turn away from fossil fuels toward renewable energy resources, government, industry and society will strongly support affordable, long-term solutions that improve environmental quality.
What is Environmental Power and Microgy's target market?
There are thousands of farms in the U.S. that require assistance in managing pollution and meeting new state and federal requirements. We’re currently addressing a very large market with over 3500 animal feeding operations.
Environmental Power Corporation enjoys the advantage of being an early mover in the emerging market for profitable, renewable energy production in the US. Currently, regulation is driving demand for similar facilities at animal feeding operation centers across the US, and many states currently have manure management laws in place.
What are the growth prospects for Environmental Power Corporation?
We believe that facilities based on Microgy's technology can generate profitable quantities of marketable, renewable gas from animal and food industry wastes and by-products. We have an announced pipeline of projects that are currently in various stages of construction or permitting and additional projects in early stages of development.
We believe we are the only provider of anaerobic digesters that is aggressively pursuing a business model of creating and managing profitable renewable energy opportunities while simultaneously addressing customers' environmental issues. Furthermore, by operating and maintaining the facilities ourselves we believe that we will be able to maximize gas production and control the supply of required materials. Many other suppliers of anaerobic digestion systems merely supply the equipment, and leave the ongoing operation of the system to the purchaser. By pursuing our business model, we believe we can supply a compelling value proposition to customers and maximize value from gas production.
How can I obtain more information about Environmental Power and its subsidiaries?
Please contact Mark Hall, (630)573-2926, or via email at MHall@EnvironmentalPower.com.