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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 25, 2002
                                                           -------------



                         Environmental Power Corporation
                         -------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                            0-15472                 04-2782065
--------                            -------                 ----------
(State or other jurisdiction        (Commission             (IRS Employer
of incorporation)                   File Number)            Identification No.)


           One Cate Street, 4th Floor, Portsmouth, New Hampshire 03801
                    (Address of principal executive offices)


                                 (603) 431-1780
              (Registrant's telephone number, including area code)

<PAGE>

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits

99  Investor Fact Sheet of Environmental Power Corporation ("POWR") dated
    July 25, 2002.

Item 9.  Regulation FD Disclosure

The Investor Fact Sheet attached as Exhibit 99 hereto is furnished pursuant to
Regulation FD. It is not filed.

Cautionary Statement

The Private Securities Litigation Reform Act of 1995 (the "Act") provides a
"safe harbor" for forward-looking statements. Certain statements contained in
the attached Investor Fact Sheet such as statements concerning our systems
providing a profit-generating solution and, production of power at generating
facilities to be constructed, additional farms signing on in the near future,
the beginning of the engineering and construction phases of our projects,
helping animal feeding operations meet pollution standards, the estimated market
potential for this type of pollution control our expectation and other
statements contained therein regarding matters that are not historical facts are
forward looking statements as such term is defined in the Act. Because such
statements involve risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are not limited to,
uncertainties involving development stage companies, financing requirements and
uncertainties, difficulties involved in developing and executing on a business
plan, technological uncertainties, risks relating to managing and integrating
acquired businesses, volatile and unpredictable developments (including plant
outages and repair requirements), the difficulty of estimating construction,
development, repair and maintenance costs and timeframes, the uncertainties
involved in estimating insurance and implied warranty recoveries, if any, the
inability to predict the course or outcome of any negotiations with parties
involved with POWR's or Microgy's projects, uncertainties relating to general
economic and industry conditions, the amount and rate of growth in expenses,
uncertainties relating to government and regulatory policies, the legal
environment, intellectual property issues, the competitive environment in which
POWR and Microgy operate and other factors, including those described in the
Company's filings with the Securities and Exchange Commission, including the
section "Management's Discussion and Analysis of Financial Condition and Results
of Operations -- Certain Factors That May Impact Future Results" of POWR's
Quarterly Report on Form 10-Q for the period ended March 31, 2002. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates. POWR undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                               ENVIRONMENTAL POWER CORPORATION

July 25, 2002                                  By: /s/ R. Jeffrey Macartney
                                                   ------------------------
                                               R. Jeffrey Macartney
                                               Treasurer and
                                               Chief Financial Officer
                                               (principal accounting officer
                                               and authorized officer)









</TEXT>
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<DESCRIPTION>INVESTOR FACT SHEET
<TEXT>
<PAGE>
                                                                      Exhibit 99

[Environmental Power Corporation Logo]

COMPANY PROFILE

A Unique Solution -- Environmental Power Corporation is positioned at the
confluence of two expanding markets: 1) the government-mandated need for
pollution control for large animal feeding operations and 2) the rapidly
growing, highly favored renewable energy market. Environmental Power believes it
holds the most cost effective and commercially attractive response in both
markets.

NET INCOME                           POWER GENERATION REVENUES
(in thousands $)                     (in thousands $)
1997 - 4,614                         1997 - 43,763
1998 - (1,649)                       1998 - 45,721
1999 - 1,778                         1999 - 48,268
2000 - 1,827                         2000 - 54,303
2001 - 1,679                         2001 - 53,518

The Company, established in 1982, is a leading provider of environmental
solutions and renewable energy with annual revenues in excess of $50 million
focusing on environmentally sound power generation, including waste coal,
biomass and distributed generation.

In July of 2001, Environmental Power Corporation acquired Microgy Cogeneration
Systems, Inc., a development stage renewable energy and distributed generation
company. With the acquisition, Environmental Power obtained the exclusive North
American license for a highly efficient anaerobic digestion technology, a method
of producing renewable energy generated by methane derived from animal wastes.
The technology, already implemented successfully in Europe, turns an expensive
agricultural industry problem into a profit-generating solution.

THE MANDATE

Under the Clean Water Act, polluted runoff has been identified as the most
important source of water pollution resulting in a coordinated effort to reduce
ground and surface water contamination.

The U.S. Department of Agriculture (USDA) and the Environmental Protection
Agency (EPA) have identified that large and medium sized animal feeding
operations are a major contributor to pollution runoff in the water supply. New
regulations require these farms to develop pollution reduction programs.

TOTAL ASSETS
(in thousands $)
1997 - 61,362
1998 - 55,163
1999 - 58,782
2000 - 69,284
2001 - 85,566

Many states have either mandated or created incentive programs for renewable
energy producers. For example, Wisconsin, Arizona, Texas, Nevada and New York
have all passed legislation requiring a portion of all power sold by the state
utilities to be renewable.

Environmental Power's "unique solution" will address the above needs. The system
will also reduce greenhouse gas emissions, be easy to implement and is expected
to be a profit-making investment for farmers.

ESTIMATED POTENTIAL MARKET SIZE

                           Assumed Average    Estimated            Potential
                               Sales Price    Number of          Market Size
                               (thousands)        Farms          (thousands)
----------------------------------------------------------------------------
Initial Target Market              $4,171        1,500          $ 6,706,112
Expanded Target Market             $3,191        2,346          $ 7,486,848
Total Market                       $3,690        3,846          $14,192,960
============================================================================


<PAGE>

COMPETITIVE ADVANTAGES

Proven Anaerobic Digestion Technology - Licensed technology has over 15 years of
successful performance in Europe.

High Efficiency Anaerobic Digestion Technology - Licensed technology produces up
to five times more methane-rich biogas on average than other digester
technologies.

Multiple Revenue Streams - In addition to the sale of electricity, the company's
proposed facilities will be able to produce other products for sale including
"green credits", pollution offset credits, heat, refrigeration and residual
co-products such as bedding, compost, fertilizers and solid bio-fuels.

Profitable Pollution Control - Environmental Power believes it is the only
provider of ground and surface-water pollution control that is profitable to the
farmer. Our product will provide an income opportunity.

Firm, Peak, Utility-Grade Power - The Company's projects will produce market
competitive firm, peak, utility-grade renewable power that can be shaped to
customer demand.

First Mover Advantage - The pressure for environmental compliance has gained
intensity and grabbed the farmers attention. Environmental Power is one of the
first companies to market an economically effective solution. We believe no
other company offers our unique combination of pollution control and renewable
energy production that is a profitable solution for the farmers.

Experience - The Company has significant experience in large-scale development
of electric generating facilities, having developed $400 million worth of
facilities, and can quickly deploy its technology in target markets.

Market Expansion - The Company is targeting large-scale animal feeding
operations in the U.S. and estimates the market potential for this type of
pollution control to exceed $14 billion.

Product Scalability - The cost to produce facilities is expected to decrease
significantly as volume and standardization drives down the manufacturing and
construction costs.

COMPANY HISTORY

o    Signed conditional letters of intent in July 2002 with six farms in
     Wisconsin to build anaerobic digesters on each site using proprietary
     biogas technology to address the farmers' need for waste management and
     desire to produce electricity from renewable sources.

o    New contract with Wisconsin Public Service Corporation to supply
     electricity from up to 15 megawatts of generating capacity.

o    Partially or fully developed:

     o    Seven hydroelectric plants

     o    Three waste coal fired generating facilities.

o    Owns a 22-year lease on the environmental award-winning Scrubgrass waste
     coal generating facility.

o    Pioneered tax-exempt, non-credit enhanced, debt financing for independent
     power projects.

o    Signed some of the earliest power sales contracts under the Federal Public
     Utility Regulatory Policy Act of 1978 (PURPA) in Vermont, Pennsylvania,
     Maine and Utah.

TRACK RECORD OF SUCCESS

o    For more than eight years, Environmental Power has cleaned up millions of
     tons of waste coal in Pennsylvania while providing electricity to
     approximately 83,000 homes and generating over $50 million in annual
     revenues.

o    Since 1982, Environmental Power Corporation has developed several power
     projects that have provided significant environmental benefits.

o    The State of Pennsylvania expects the Company's Scrubgrass facility will
     save it over $20 million in acid mine drainage remediation costs.

FOR FURTHER INFORMATION CONTACT:

Brecca Loh, Investor Relations         Maria Rosati
Environmental Power Corporation        The Torrenzano Group
One Cate Street, 4th Floor             551 Fifth Avenue, Suite 1400
Portsmouth, NH 03801                   New York, NY 10176
Tel: (603) 431-1780 ext. 18            Tel: (212) 681-1700 ext. 109
Email: brecca@environmentalpower.com   Fax: (212) 681-6961
                                       Email: mrosati@torrenzano.com

Cautionary Note:

This message includes "forward-looking" statements, as contemplated by the
Private Securities Litigation Reform Act of 1995 and accordingly, the cautionary
statements and risk factors contained in Environmental Power Corporation's
quarterly report on Form 10-Q for the quarter ended March 31, 2002 and other
filings with the Securities and Exchange Commission are incorporated herein by
reference. Environmental Power Corporation's actual results may differ
materially from the anticipated results or other expectations expressed in
Environmental Power Corporation's "forward-looking" statements.


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