Week of June 30, 2008

Editor: C.V. Clute editor@epoverviews.com

$5,000,000 US for Renewable Energy in Alaska (Funding)

As indicated in our June 26, '08 issue, the Denali Commission and Alaska Energy Authority (AEA) are awarding $5,000,000 US for Alaskan alternative/renewable energy projects. The agencies will offer funding for 33 projects in the areas of wind, hydro, biomass, solar and geothermal power. Funding includes $4,000,000 US from the Denali Commission and $1,000,000 US from AEA to the following projects:

Fishhook Renewable Energy LLC for the pre-construction work on a hydro project at Hatcher Pass - $100,000 US. Fishhook Renewable Energy LLC is a corporation created by a group of engineers affiliated with Polarconsult Alaska Inc., an Anchorage engineering consultant. Contact : Polarconsult Alaska, Inc. (907) 258-2420, staff@polarconsult.net, www.polarconsult.net

City of Nunam Iqua for a wind power pre-construction assessment - $34,320 US. Contact : City of Nunam Iqua , (907) 498-4226

Alaska Wind Power, LLC for a pre-construction assessment of the Delta Wind Farm project - $100,000 US. Contact : Alaska Wind Power, LLC, (907) 248-7188

Bristol Bay Area Health Corporation for the pre-construction assessment of the Dillingham Kananak wind power project - $100,000 US. Contact : Bristol Bay Area Health Corporation, (907) 842-5201, www.bbahc.org

City of Tenakee Springs for the pre-construction assessment of the Indian River Hydro project - $100,000 US. Contact : City of Tenakee Springs, (907) 736-2207

Community of Elfin Cove for the pre-construction assessment of their hydro project - $100,000 US. Contact : Elfin Cove Electrical Utility, (907) 239-2218.

We will continue to provide details of the remaining funded projects in future issues. (Source: Press Release, June 24. '08)

Contact: Sharon Guenther, Public Information Officer, Denali Commission, (907) 271-5217, SLind@denali.gov, www.denali.gov. Karsten Rodvik, Project Manager, Alaska Energy Authority, (907) 771-3024, krodvik@aidea.org, www.akenergyauthority.org

Ormat inks $16 million US Geothermal deal (Int'l - G&C)

Ormat Technologies, Inc. indicates that one of its subsidiaries has entered into a supply contract with MEGE- Menderes Geothermal Elektrik Uretim, A.S for a new geothermal power plant to be constructed in Turkey. The contract is valued at approximately $16 million US and delivery of the equipment is expected to be completed within 16 months from the contract date. The customer has an existing geothermal power plant supplied by Ormat which has been in operation since '04. (Source: Earthtimes, June 24,

Contact: Dita Bronicki, CEO, Ormat Technologies, (775) 356-9029, dbronicki@ormat.com, www.ormat.com

Encore Energy Systems and Energy America Geothermal sign exclusive deal (G&C)

Following up on an item from our Feb. 18, '08 issue, Encore Energy Systems indicates it has granted an exclusive patent license to Energy America Geothermal for all worldwide sales of the company's patented systems. Under the terms of the agreement, Encore Energy will receive a royalty from installed systems based on total installation value. Encore Energy owns and licenses the patents for the use of grey-water and domestic water in heat exchanger systems. Energy America Geothermal, a subsidiary of Energy America, is a full spectrum geothermal resource developer and service company. (Source: Trading Markets, July 1, '08)

Contact: Investor Relations, Encore Energy Systems, (888) 234-0963, info@encoreenergyinc.com, www.encoreenergyinc.com. Energy America, (505) 828-4784, www.energyamericainc.com.

$5 million US for Renewable Energy in Alaska (Funding - Cont'd)

As indicated in our recent issues, the Denali Commission and the Alaska Energy Authority (AEA) are awarding $5,000,000 US for 33 Alaskan alternative/renewable energy projects. Funding includes $4,000,000 US from the Denali Commission and $1,000,000 US from the AEA to the following projects:

Chenega Corporation for the pre-construction assessment of the Chenega Bay hydro project - $100,000 US. Contact : Chenega Corporation, (907) 277-5706, chenega@chenegacorp.com, www.chenega.com

TDX Power - two projects.

For the pre-construction assessment of the Chakachamna hydro project - $100,000 US. For the construction of the Manley Hot Springs geothermal plant - $725,000 US. Contact : TDX Power, (907) 762-6450, info@tdxpower.com, www.tdxpower.com

Haida Corporation for the pre-construction assessment of the Reynolds Creek hydro project - $100,000 US. Contact : Marvell Nix, Secretary/Treasurer, Haida Corporation, (907) 285-3534, haidaeyes@yahoo.com, www.haidacorp.com

City of Homer for the pre-construction assessment of the Homer water main hydropower project - $31,200 US. Contact : Walt Wrede, City Manager, City of Homer, 907-235-8121 ext 2222, citymanager@ci.homer.ak.us, www.ci.homer.ak.us

Previous projects details were provided in our June 26, 30, and July 1 '08 issues as well as our July 1 Bioenergy publication. This concludes our coverage of these grants. (Source: Press Release, June 24. '08)

Contact: Sharon Guenther, Public Information Officer, Denali Commission, (907) 271-5217, SLind@denali.gov, www.denali.gov. Karsten Rodvik, Project Manager, Alaska Energy Authority, (907) 771-3024, krodvik@aidea.org, www.akenergyauthority.org

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