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<DESCRIPTION>ENVIRONMENTAL POWER 8-K
<TEXT>
                                  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): June 24, 2003



                         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 June 24,
2003.

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 our seeking to realize the
growth potential associated with our anaerobic digestion systems, the deployment
of animal waste-to energy technology 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, 2003. 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


June 24, 2003                    By:

                                 / /R. Jeffrey Macartney
                                 Treasurer and
                                 Chief Financial Officer
                                 (principal accounting officer
                                 and authorized officer)







</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>a4421847ex99.txt
<DESCRIPTION>EXHIBIT 99 PRESS RELEASE
<TEXT>
                                                                      Exhibit 99
FOR IMMEDIATE RELEASE

                    Environmental Power Corporation Named as
                      14th in New Hampshire's Top 100 List

Portsmouth, New Hampshire - June 24, 2003 - Environmental Power Corporation
(OTCBB:POWR), a leader in the renewable energy industry with proprietary
technology to convert manure into electricity, has been named 14th among New
Hampshire's top 100 public companies by BusinessNH Magazine in their June issue.
In 2002, Environmental Power was ranked 15th. The Company's corporate
headquarters are located in Portsmouth, NH.

Joseph E. Cresci, Chairman and Chief Executive Officer of Environmental Power,
stated, "We are honored to be recognized again this year by BusinessNH Magazine
as a leading New Hampshire company and are pleased that Environmental Power
advanced in the rankings. Even though these are tough economic times, our waste
coal operations achieved record levels of output which added another successful
year to our continued record of profitability. In addition, we have entered into
several arrangements with farmers and utilities to begin the deployment of our
animal waste-to-energy technology, with a number of projects now in the planning
stages.."

"We hope to further our advancement in the BusinessNH standings as we seek to
realize the growth potential for these clean energy systems. We now hold the
exclusive North American license for a highly efficient anaerobic digestion
technology which literally converts manure into money by turning animal wastes
on dairy and swine farms into electricity and concurrently acts as a pollution
control system that reduces surface and ground water contamination on the farms
and surrounding areas."

Environmental Power's technology has operated successfully for more than 15
years at over 25 facilities in Europe. Environmental Power currently has a
number of projects in the planning stages pursuant to a power sales contract
with Wisconsin Public Service Corporation and letters of intent with a number of
dairy farms in Wisconsin; a Memorandum of Understanding with Vermont Public
Power Supply Authority which covers territories in Vermont and New England; and
a Letter of Intent with Dairyland Power Cooperative to create a strategic
alliance to deploy Environmental Power's technology on dairy and swine farms in
Dairyland's service territory to produce renewable distributed generation
capacity through member cooperatives in Wisconsin, Minnesota, Iowa, Illinois and
Michigan.


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.

Environmental Power is targeting its proposed anaerobic digestions systems to
animal feeding operations in the U.S. with an estimated initial target market of
approximately $6.7 billion and estimates initial and expanded market potential
to exceed $14 billion. For more information visit the company's web site at
www.environmentalpower.com

<PAGE>

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 our seeking to realize the
growth potential associated with our anaerobic digestion systems, the deployment
of animal waste-to energy technology 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, 2003. 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.


Investor Contact:                      Media Contact:
R. Jeffrey Macartney                   Brecca Loh
Chief Financial Officer                Media Relations
(603) 431-1780 ext. 16                 (603) 431-1780 ext. 18
jmacartney@environmentalpower.com      brecca@environmentalpower.com

</TEXT>
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