Contact Information: Press Contacts: Daniel R. Irvin Free Flow Power Corporation Tel: 646 712 2155 www.free-flow-power.com Meram El Ramahi Energy Systems Group Tel: 812 492 3734 www.energysystemsgroup.com
Free Flow Power Corporation and Energy Systems Group, LLC Explore Development of Hydrokinetic Generating Facilities on the Mississippi and Ohio Rivers
| Quelle: Energy Systems Group
EVANSVILLE, IN and BOSTON, MA--(Marketwire - May 28, 2008) - Free Flow Power Corporation,
a Massachusetts-based developer of hydrokinetic power generation facility
and technology development company, and Energy Systems Group LLC, a
nationally accredited and leading energy efficiency and performance
contracting developer, announced today that they have entered into a
Memorandum of Understanding to explore development of hydroelectric power
generation facilities on the Mississippi and Ohio River systems.
Free Flow Power CEO Dan Irvin stated, "We are excited about the opportunity
to work with Energy Systems Group on potential free flow sites in the
Mississippi and Ohio Rivers. We believe this relationship will fully
complement our strategy of working with established market participants to
integrate hydrokinetics into existing power producer portfolios."
Energy Systems Group LLC President Jim Adams said, "We see significant
potential in the development of free flow hydrokinetic power generation
facilities as an integral component of our renewable energy development
portfolio."
Free Flow Power has developed a turbine generator system designed to
produce affordable electricity from moving water without dams or
diversions. The company is pursuing the development of hydrokinetic
generation at sites in the Mississippi, Missouri, Ohio, Niagara and Detroit
Rivers.
Hydrokinetic or free flow hydro generation is the extraction of energy from
moving water without requiring the construction of new dams or diversions.
Hydrokinetic generation is possible from the flow of rivers, streams,
conduits, currents, tides and waves.
Energy Systems Group (ESG) is an award-winning energy services company
operating from 14 Branch Offices in the Midwest and Southeast. The core
business of Performance Contracting uses energy efficiency, technology, and
long term financing to help building owners modernize their facilities.
Renewable Energy solutions and assets are adding a whole new dimension to
growth. To learn more about Energy Systems Group, visit their website at
www.energysystemsgroup.com. ESG is a wholly owned subsidiary of Vectren
Corporation (NYSE : VVC ).