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                                                                    EXHIBIT 23.2

                        Consent of Independent Auditors

We consent to the reference to our firm under the caption "Experts" and to the
use of our report dated October 23, 2001, with respect to the financial
statements of Microgy Cogeneration Systems, Inc. (A development stage company)
included in the Registration Statement (Form S-2 No. 333-XXXX) and related
Prospectus of Environmental Power Corporation for the registration of 16,994,456
shares of its common stock.
                                                           /s/ Ernst & Young LLP


Denver, Colorado
April 1, 2002

