Tag Archives: epg

Xergi A/S To Invest in Environmental Power Corporation (EPG), Signs New Cooperation Agreement

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

Environmental Power (EPG) To Fund Renewable Energy Projects With Convertible Notes

Environmental Power (EPG) announced the offering of its 13% Convertible Notes due Jan 1, 2014 to fund the construction and operation of renewable energy projects developed by its subsidiary, Microgy.  Microgy is a developer, owner and operator of renewable gas facilities which uses advanced anaerobic digestion technology to extract methane rich biogas from animal and food industry waste.  … Read the rest