GreenFuel Named as Finalist for Ernst & Young Entrepreneur of the Year Award New England

BOSTON--(BUSINESS WIRE)--Ernst & Young LLP today announced the Finalists for the Ernst & Young Entrepreneur Of The Year® 2007 Award in New England. This year’s 45 finalists were selected from 83 high quality nominations drawn from a variety of industry sectors and cities across the New England Area. Award winners will be announced at a gala event on Thursday, June 14th at the Westin Waterfront in Boston.

“These Finalists exemplify the outstanding business talent present in our community,” said Bryan Pearce, Ernst & Young Strategic Growth Markets Leader for the Northeast and Host of the New England Entrepreneur of the Year Program. “We are proud to honor them as leaders of high-growth companies who stimulate our economy, drive innovation and enhance the standard of living for all of us.”

For a complete listing of all the finalists please see the official press release

GreenFuel Bioreactors at Work: Current and Past Field Deployments

GreenFuel's emissions-to-biofuels (TM) algae bioreactor system, which converts flue gas emissions into rich clean biofuels, has been successfully deployed at numerous locations. Here is a quick look at the current and past facilities:

• Redhawk Power Plant (Arizona Public Services Co.) a 1,040 MW facility. This project won GreenFuel and APS the Platts Emissions Energy Project of the Year Award.
• Big Cajun 2 Power Plant (NRG Energy Inc) a 1,700 MW coal facility
• Dunkirk Power Plant (NRG Energy Inc and New York State Research and Energy Development Authority) a 600 MW coal facility
• MIT Cogen Power Plant (MIT) beta test unit

GreenFuel continues to grow and the company is currently developing multiple new installations throughout the US and the world. To find more information about each of these deployments, as well as more information about the GreenFuel's emissions-to-biofuels (TM) process visit the company's website at http://www.greenfuelonline.com .

GreenFuel Launches New Site at NRG Energy's Big Cajun II Power Plant

Today it was announced by NRG Energy that GreenFuel Technologies began field testing of their algae bioreactor system that recycles carbon dioxide emissions from the coal burning Big Cajun II Power Plant (Louisiana) into rich biofuels.

" 'Coal is—and will remain—the premier domestic fuel source for power generation purposes in the United States for the foreseeable future,' said David Crane, NRG President and Chief Executive Officer. 'This means it is incumbent on us not only to build new coal plants using technology which limits or eliminates greenhouse gas emissions but also to find the best way to retrofit the country’s existing fleet of coal plants for post-combustion carbon capture.'

In the initial field testing, which will last approximately four months, algae species will be selected to optimize biofuel production based on the site’s flue gas composition, local climate and geography toward an ultimate goal of construction of a commercial-scale facility.

A full scale commercial deployment could recycle enough CO2 to yield as much as 8,000 gallons of biodiesel per acre annually under optimum conditions.

'We at NRG and Big Cajun are very proud of our environmental record and want to do more to support responsible baseload electricity generation,' said Jeff Baudier, President of NRG’s South Central Region. 'There is currently no commercial-scale technology to address the discharge of carbon post combustion. Through this test, we hope to help advance GreenFuel’s technology that could potentially reduce carbon emissions from the hundreds of existing coal plants that are so important to our electrical infrastructure.'

'With the help of forward thinking and environmentally responsible companies like NRG, we can use algae to recycle power plant CO2 emissions safely and economically into a continuous supply of clean, renewable fuels,' said GreenFuel Technologies CEO, Cary Bullock. "

Source: NRG Energy Inc.

GreenFuel Named to 6th Annual Fast 50 by Fast Company Magazine

GreenFuel Technologies, with its patented Emissions-to-Biofuel™ algae bioreactor system, has been named to the Fast Company's 6th annual Fast 50 list. GreenFuel was selected due to the company's ability to turn flue gas emissions from coal burning power plants into biofuel such as biodiesel.

You can find the GreenFuel Fast 50 snippet, and the other honorable winners, by following the link below: http://www.fastcompany.com/magazine/113/open_22-greenfueltechnologies.html