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<CONFORMED-NAME>ENVIRONMENTAL POWER CORP
<CIK>0000805012
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<STREET1>500 MARKET ST
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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): August 6, 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>

Reporting Items:



Item 5. Other events.

New Board Members

Exhibits.

99.1 Press Release

<PAGE>


                                    SIGNATURE


         Pursuant to the requirements of section 13 or 15 (d) 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
                                     /s/ Joseph E. Cresci
                                     --------------------
                                     Chairman

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>a4449980ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

Environmental Power Corporation Announces Board Changes

    PORTSMOUTH, N.H.--(BUSINESS WIRE)--Aug. 6, 2003--Environmental
Power Corporation (OTCBB: POWR), a leader in the renewable energy
industry with proprietary technology to convert manure into
electricity, announced the enlargement of its Board, the appointment
of two new members and the resignation of Thomas M. Matthews. The new
members of the Board of Directors are John R. Cooper, an independent
director who served most recently as Principal Financial Officer of
PG&E National Energy Group, and Kam Tejwani, who recently became
President and Chief Executive Officer of Environmental Power. The
appointment of Messrs. Tejwani and Cooper brings the total number of
members of Environmental Power's Board of Directors to seven.

    Joseph E. Cresci, Chairman of Environmental Power, stated:

    "We have added two exceptional directors to our already powerful
board. Kam Tejwani, who was recently appointed President and CEO of
Environmental Power, will bring a unique blend of energy, experience
and determination, coupled with his strategic vision for the future of
the company."
    "John Cooper, who will be an independent director, has known
Environmental Power for many years from his vantage point as Principal
Financial Officer and one of the true builders of PG&E National Energy
Group. John has unparalleled knowledge and experience in project
finance and development. All major institutions with a role in power
project finance know and respect John's talent and integrity. We are
especially pleased that John has agreed to chair the Board's Audit
Committee, given his substantial financial expertise."

    Cresci further noted that:

    "These two men will broaden and deepen the abilities of our Board
to guide corporate decisions in our quest to build Environmental Power
and its value to shareholders."

    Kam Tejwani has extensive professional experience in structuring
and implementing investments and assisting operating companies in
operational and strategic planning. He most recently served as
President of Target Capital Corporation, a private equity firm. He
also previously served as the Chairman and Chief Executive Officer of
Air-Cure Technologies, Inc., a manufacturer and marketer of air
pollution control systems. During his tenure at Air-Cure Technologies,
Mr. Tejwani managed revenue growth, completed initial and secondary
public offerings, completed the acquisition of numerous complimentary
businesses and increased the company's domestic and international
market share.
    John Cooper is President of Finance and Energy Advisory Services,
LLC a consulting company specializing in strategic planning, financial
structuring, acquisitions strategy and due diligence for energy and
utility companies. He is also an independent director and Audit
Committee Member of Criimi Mae, a NYSE-listed commercial mortgage
investment company and an Advisory Director of Republic Financial
Corporation, a private merchant bank. He formerly served as Senior
Vice President, Treasurer and Principal Financial Officer of PG&E
National Energy Group and was a founding member of the executive
management team.

    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.

    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 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.

    CONTACT: Environmental Power Corporation
             Investor Contact:
             R. Jeffrey Macartney, 603-431-1780 ext. 16
             jmacartney@environmentalpower.com
             or
             Media Contact:
             Brecca Loh, 603-431-1780 ext. 18
             brecca@environmentalpower.com

</TEXT>
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