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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): September 29, 2003
                                                        ------------------



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


Delaware                            0-15472                          75-3117389
--------                            -------                          ----------
(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
     September 29, 2003

Item 9. Regulation FD Disclosure

The Press Release attached as Exhibit 99 hereto is furnished pursuant to
Regulation FD.

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, including statements containing the words "expects,"
"estimates," "anticipates," "believes," "projects" and variations thereof, 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
and cash flow requirements and uncertainties, difficulties involved in
developing and executing on a business plan, difficulties and uncertainties
regarding acquisitions, technological uncertainties, risks relating to managing
and integrating acquired businesses, 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 Environmental Power'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 Environmental Power and Microgy operate and other factors,
including those described in the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2003, as well as other filings with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made. Environmental Power undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.



<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/ Donald A. Livingston
                            ------------------------
                            Executive Vice President




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>a4482104ex99.txt
<DESCRIPTION>EXHIBIT 99 PRESS RELEASE
<TEXT>
                                                                  Exhibit 99

Environmental Power Corporation's Microgy Subsidiary Executes
Memorandum of Understanding with City of Lodi, California

    PORTSMOUTH, N.H.--(BUSINESS WIRE)--Sept. 29, 2003--Environmental
Power Corporation (OTCBB: POWR), a leader in the renewable energy
industry with proprietary technology to convert manure into
electricity, announced today that its subsidiary, Microgy Cogeneration
Systems, Inc., has executed a Memorandum of Understanding with the
City of Lodi, California ("Lodi"), which represents the first response
to Microgy's recent initiation of marketing efforts in California.
    The Memorandum of Understanding contemplates a further agreement
for the development of an initial group of projects designed to
provide up to 20 megawatts of renewable generation capacity based on
Microgy's proprietary anaerobic digestion technology, which manages
and processes animal waste from dairy and swine farm operations. The
first phase of development would focus on a project designed to
produce up to 10 megawatts. Concurrently, Lodi is engaged in
discussions with northern San Joaquin County dairies to supply cow
manure to fuel the digesters, and has already identified approximately
7,500 head of dairy cattle within a 10 mile radius of a proposed
facility location.
    Alan Vallow, director of Lodi's municipal utility, said: "By
working with Microgy, we believe we can bring a number of crucial
benefits to the area. The proposed project would give dairies in the
region a way to dispose of their waste that doesn't threaten the
environment, while reducing their operating costs. In turn, it would
make dairy farming more profitable, reducing development pressures in
the region. At the same time, the proposed projects could supply up to
20% of Lodi's average daily electricity consumption from a steady,
reliable source of power."
    Jeffrey Dasovich, Vice President, Western Operations for Microgy
stated: "We are very pleased about the opportunity to partner with the
City of Lodi and the region's dairy community. The proposed project
offers a win-win situation for Lodi's electric customers, the region's
dairy community and the environment. In addition, the City of Lodi
would benefit from a long-term source of indigenous, reliable and
reasonably priced renewable electricity to serve its needs."
    Microgy holds the exclusive North American license for a highly
efficient anaerobic digestion technology that produces renewable
energy by converting waste resources from agricultural sites into
renewable, cost effective fuel. Microgy's technology has operated
successfully for more than 15 years at over 25 facilities in Europe.
    Kam Tejwani, President and Chief Executive Officer of
Environmental Power stated, "California represents one of the largest
and most exciting markets for Microgy's technology. We are especially
excited about the opportunity to enter this market by working with the
City of Lodi, which is located in the heart of California's dairy
industry. We are very pleased with the reception our technology has
received thus far from Lodi and other parties in California. We share
the City of Lodi's commitment to pursue energy projects that benefit
consumers, business and the environment, and look forward to being an
important part of this effort."

    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. 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, including statements
containing the words "expects," "estimates," "anticipates,"
"believes," "projects", "proposed" and variations thereof, 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 and cash flow
requirements and uncertainties, difficulties involved in developing
and executing on a business plan, difficulties and uncertainties
regarding acquisitions, technological uncertainties, risks relating to
managing and integrating acquired businesses, 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 Environmental Power'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
Environmental Power and Microgy operate and other factors, including
those described in the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2003, as well as other filings with the
Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only
as of the date which they are made. Environmental Power 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:
             Kam Tejwani, 603/431-1780
             President and CEO
             ktejwani@environmentalpower.com
             or
             Media Contact:
             Kate Dolan, 603/431-1780 ext. 18
             Media Relations
             kdolan@environmentalpower.com




</TEXT>
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