<SUBMISSION>
<ACCESSION-NUMBER>0000927016-02-003766
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20020729
<ITEMS>7
<ITEMS>9
<FILING-DATE>20020729
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ENVIRONMENTAL POWER CORP
<CIK>0000805012
<ASSIGNED-SIC>4991
<IRS-NUMBER>042782065
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-15472
<FILM-NUMBER>02713618
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>500 MARKET ST
<STREET2>STE 1E
<CITY>PORTSMOUTH
<STATE>NH
<ZIP>03801
<PHONE>6034311780
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>500 MARKET ST
<STREET2>STE 1E
<CITY>PORTSMOUTH
<STATE>NH
<ZIP>03801
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>


                                  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 29, 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 Press Release of Environmental Power Corporation ("POWR") dated July 29,
2002.

Item 9.  Regulation FD Disclosure

The Press Release 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
this press release such as statements concerning the Board providing crucial
guidance towards fulfilling our Corporate mission and realizing potential of our
opportunities, belief as to Environmental Power being well positioned to
profitably serve two dynamic markets, anaerobic digestion systems helping animal
feeding operations meet pollution standard and produce energy, the estimated
market potential for this type of pollution control 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 29, 2002                                 By: /s/ Brecca Loh

                                              Brecca Loh
                                              Communications and
                                              Investor Relations






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>dex99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


                                                                      Exhibit 99

NEWS RELEASE                                  Environmental Power Corporation
                                              www.environmentalpower.com
                                              One Cate Street
                                              Portsmouth, NH 03801
--------------------------------------------------------------------------------

Investor Contact:                             Media Contact:
R. Jeffrey Macartney                          Richard Mulieri
Chief Financial Officer and Treasurer         The Torrenzano Group
603-431-1780                                  212-681-1700, ext. 125
jmacartney@environmentalpower.com             mailto:rmulieri@torrenzano.com


FOR IMMEDIATE RELEASE

                ENVIRONMENTAL POWER CORPORATION ELECTS NEW BOARD
                            MEMBERS AT ANNUAL MEETING

             CEO TERMS COMPANY MANTRA AS "DOING WELL BY DOING GOOD"

Portsmouth, NH, July 29, 2002 - Environmental Power Corporation (OTCBB: POWR), a
leader in the pollution control of agricultural waste on farms as well as
renewable energy production, announced that it elected three new Board Members
at its Annual Meeting in Boston on Thursday, July 25, 2002. The new members of
the Board of Directors are Herman Brubaker, Jessie J. Knight, Jr., and August
Schumacher, Jr.

Herman Brubaker is Chairman of the Board of the Dairy Farmers of America and a
lifetime dairy farmer. He serves on the Board of Directors of the National Milk
Producers Federation and chairs the United Dairy Industry Association.

Jesse Knight recently served on the California Public Utilities Commission as
Managing Commissioner of the Electric and Telecommunication industries of the
State. Mr. Knight is former Vice Chairman of the World Affairs Council of
California and is a standing member of the Council on Foreign Relations.
Currently, Mr. Knight is President and Chief Executive Officer of the San Diego
Regional Chamber of Commerce.

Gus Schumacher has served as the third-highest ranking official in the United
States Department of Agriculture in the Farm and Foreign Agricultural Service
from 1997-2001 and President of the Commodity Credit Corporation. He also
directed the Department's Foreign Agricultural Service. Mr. Schumacher was the
Senior Agricultural Project Manager for World Bank and was Commissioner of Food
and Agriculture for the Commonwealth of Massachusetts. Presently, he is a
consultant for W.K.K. Kellogg Foundation and the Managing Director of SJH and
Co.'s Washington D.C. operations.

Joseph E. Cresci, Chairman and CEO, stated at the Annual Meeting, "We are
delighted to welcome three such capable and prestigious members to an already
dynamic Board of Directors.

<PAGE>

Each new member adds strength and experience in the agricultural and energy
industries as well as in general corporate governance. The involvement of our
strong and independent Board of Directors will provide crucial guidance towards
fulfilling our Corporate mission and realizing the potential of our
opportunities.

Cresci further noted that, "Our Company mantra is "Doing Well By Doing Good".
This concept is no longer a marginal one in corporate America. If you believe in
the free enterprise system, then it's clear that private, for-profit companies
should and will step to the forefront to address a number of society's problems.
In doing so, they will be profitable and society will benefit.

He concluded by saying, "We believe that Environmental Power is well positioned
to profitably serve two dynamic markets: air and water pollution control and
renewable energy. Demands in both markets are growing at a spectacular rate and
society needs to address these issues today."

Environmental Power's anaerobic digestion systems will help animal feeding
operations meet Environmental Protection Agency and U.S. Department of
Agriculture pollution standards. And, at the same time produce much-needed
renewable energy from extracted methane gas found in animal wastes.

Environmental Power recently signed conditional letters of intent with a group
of farms in Wisconsin to build their highly efficient anaerobic digestion
systems and secured a long-term agreement with Wisconsin Public Service
Corporation to sell electricity to be produced from the polluting waste.

Environmental Power is targeting its proposed anaerobic digestions systems to
animal feeding operations in the U.S. and estimates market potential for this
type of pollution control to exceed $14 billion.

ABOUT ENVIRONMENTAL POWER CORPORATION

Environmental Power Corporation (OTCBB: POWR) is an entrepreneurial energy
company established in 1982 with annual revenues in excess of $50 million. The
company focuses on environmentally sound power generation and anaerobic
digestion systems.

CAUTIONARY STATEMENT

The Private Securities Litigation Reform Act of 1995 (the "Act") provides a
"safe harbor" for forward-looking statements. Certain statements contained in
this press release such as statements concerning the Board providing crucial
guidance towards fulfilling our Corporate mission and realizing potential of our
opportunities, belief as to Environmental Power being well positioned to
profitably serve two dynamic markets, anaerobic digestion systems helping animal
feeding operations meet pollution standard and produce energy, the estimated
market potential for this type of pollution control and other statements
contained herein 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>

                         For more information, please contact:

                        jmacartney@environmentalpower.com
                           www.environmentalpower.com

KEYWORD:    POWER, ENERGY,
            RENEWABLE ENERGY,
            GREEN POWER, ENVIRONMENT,
            ELECTRIC GENERATION,
            INDEPENDENT POWER,
            DISTRIBUTED POWER,
            BIOMASS, COGENERATION,
            ANAEROBIC DIGESTION,
            AGRICULTURE, FARMING,
            POLLUTION CONTROL,
            ANIMAL WASTE,
            NEW HAMPSHIRE, NEW ENGLAND,
            NORTHEAST

INDUSTRY:   POWER, RENEWABLE ENERGY
            DISTRIBUTED POWER, ENVIRONMENTAL PROTECTION
            GREEN POWER, BIO-MASS,
            INDEPENDENT POWER, ENERGY,
            ELECTRIC GENERATION, RENEWABLE ENERGY,
            ENVIRONMENTAL PROTECTION,
            AGRICULTURE

</TEXT>
</DOCUMENT>
</SUBMISSION>
