Environmental Power Corporation (EPG) announced yesterday that it has received new investment from technology provider Xergi A/S, as well as a new cooperation agreement between the two companies.

Xergia has agreed to purchase $3 million worth of EPG’s 14% convertible notes. Next month, Xergi’s $3 million payment obligation for the notes will cancel out Environmental Power Corporation’s $3 million payment for technology rights.

The companies have also updated their technology agreement. From a company press … Read the rest