Environmental Power Corporation (AMEX: EPG) has completed construction of its Huckabay Ridge facility in Stephenville, Texas, the largest biogas plant to date in North America. It will produce methane-rich biogas from manure and other agricultural waste.
The facility is expected to produce approximately 635,000 MMBtu of gas per year – the equivalent of more than 4.6 million gallons of heating oil. In addition to energy production, Huckabay Ridge is also expected to generate carbon credits, per protocols being established with the Chicago Climate Exchange.
The Huckabay Ridge facility, owned by its subsidiary Microgy, Inc., conditions biogas to natural gas standards and distributes RNG® via a commercial pipeline. RNG® is Microgy’s branded, renewable natural gas.
Said Rich Kessel, President and CEO of Environmental Power, “The understanding we have gained in completing work at Huckabay Ridge is invaluable in advancing our large-scale facilities under development in Texas, California and other markets in North America. Our experience in financing the facility, generating biogas and purifying it to pipeline quality standards puts us in a strong position to quickly execute the balance of the projects in our pipeline.”
Pacific Gas & Electric will begin receiving deliveries of biogas from Huckabay Ridge on October 1, 2008. Huckabay Ridge will deliver up to 2,000 MMBtu of gas per day under the contract, in which PG&E has agreed to purchase up to 8,000 MMBtu from Environmental Power facilities daily. Environmental Power currently has an existing contract to deliver biogas to Lower Colorado River Authority (LCRA).
About Environmental Power
Environmental Power Corp 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 and other organic waste for its use to generate energy.
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