Cleantech company Greenvironment goes public on the Frankfurt Stock Exchange

(businesspress24) - -Merger of operational business and Greenvironment plc completed
-Investment opportunity in growing decentralized power generation market
-Leading distributor of microturbine combined heat and power generation (CHP) plants
-Growth potential driven by joint ventures with local municipal utilities and roll-out in Eastern Europe

Berlin, July 8, 2010 - With the completion of the merger of the operational holding company Greenvironment Oy and a listed SPAC, the cleantech company Greenvironment plc with its operational headquarter in Berlin is now listed on the Open Market of the Frankfurt Stock Exchange. ICF Kursmakler AG (ICF), one of the leading German securities trading banks, acts as the Company's designated sponsor on Xetra®. In addition to that ICF supports the company in regard to moving the Greenvironment listing to the Entry Standard of the Frankfurt Stock Exchange in the near future.

Greenvironment is a decentralized energy service provider specialising in technology for the construction and operation of autonomous cogeneration (heat and power) plants for biogas and natural gas. The Company delivers standardized and scalable plants built around microturbines delivered by Capstone Turbine Corporation, the world's leading producer of low-emission microturbine systems. Greenvironment holds exclusive distribution rights for Capstone microturbines in Germany, Finland, Poland, Czech Republic, Romania and the Baltic States in various applications and currently operates over 50 microturbines in Europe.

“The listing gives us access to the equity market and also crystallises the value of the hard work put in by the entire team to build Greenvironment into a leading player in our industry,” commented Matti Malkamäki, CEO of Greenvironment. “With the growing trend towards distributed combined heat and power production and the specific advantages of microturbines over competing technologies, we see great growth potential for our business.”

Microturbine cogeneration plants benefit from high reliability and availability (>95 percent) with low maintenance requirements. The small size as well as low emission, noise and vibration levels open up possible applications not available for other CHP solutions. The high efficiency of the plants deliver a significant CO2 reduction and therefore microturbines can make a major contribution towards meeting national and international energy targets. For example, a 65KW microturbine can save about 2.800 t CO2 over a 15 year running period, which corresponds to the emissions of about 50 cars.

German and European Union energy policy clearly targets an increase in renewable energy and enhancing the overall energy efficiency. A key driver of energy efficiency is the recovery and use of excess heat of power generation. Therefore, the official target in Germany is to increase the share of CHP to 25% of total power production. Greenvironment is aiming to capitalize on this with a “build, own & operate” business model in joint ventures with local municipal utilities in Germany.

An example for such a joint venture is “Dezentrale Energien Schmalkalden GmbH” and Greenvironment is in negotiations about further cooperations. The company provides the CHP plant technology and know-how, centralized operational as well as maintenance services to the joint ventures and benefits from the economic value of its share of at least 30 percent in the local joint ventures.

The second growth market for Greenvironment will be Eastern Europe where the company started first activities in Poland, Romania and the Czech Republic. Eastern Europe provides a clear opportunity for distributed power generation due to European Union political and financial support and infrastructure investments needed in competing solutions. In Eastern Europe, Greenvironment will also use a joint venture business model with strong local partners to minimize risk and accelerate project roll-out.

For further information:

Matti Malkamäki
CEO Greenvironment plc
Tel.:+49 (0)30 20 65 879 - 0
Fax:+49 (0)30 20 65 879 - 19
E-Mail: IR(at)greenvironment.com


About Greenvironment:

Greenvironment is a European company active in the decentralized energy generation market and plans, builds and operates cogeneration heat and power plants (CHP) utilising microturbine technology. The company offers CHP plants in a power range of 30 kWel to 1 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. For the German biogas market the company uses standard solutions in the power categories 200 and 400 kWel. Natural gas applications can be realised from a power range of 30kWel. Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP pants are operated by a highly efficient centralized process management system at the operations centre in Berlin.

For further information see also: www.greenvironment.com.


Legal Disclaimer
This press release contains forward-looking statements based on beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.

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