Evergreen Energy, Inc. Selected for Feasibility Study With Shanghai Electric Power Company Ltd.

Study on Reducing Greenhouse Gas in Chinese Power Plants

• Press Release
• Source: Evergreen Energy Inc.
• On 7:00 am EST, Monday November 2, 2009

DENVER--(BUSINESS WIRE)--Evergreen Energy Inc. (NYSE Arca:EEE) subsidiary C-Lock Technology, Inc. has been selected by Shanghai Electric Power Company Ltd. (Shanghai Electric) to use GreenCert™ in a feasibility study for a pilot project to quantify potential greenhouse gas (GHG) reductions in coal-fired power plants.

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The U.S. Trade and Development Agency (USTDA) awarded a $453,000 grant to Shanghai Electric to evaluate the installation of the Carbon Limiting Improvement Process (CLIP) technology in coal-fired power plants. The feasibility study is intended to provide the technical basis for a demonstration project in Chinese power plants, which will enable carbon emission reductions of up to 7.5 million tons per year. The study is also expected to provide documentation and support the adaptation of CLIP at coal-fired electricity-producing power plants owned and operated by the holding company of the Grantee, the China Power Investment Corp., as well as the other major power generation companies in China, such as China Huaneng Group, China Datang Corp, China Guodian Corp and China Huadian Corp. The CLIP technology is provided by Coffey Coal Combustion Consultants (C^4), of Knoxville, TN.

“We are excited the USTDA and Chinese power plants are taking action to reduce GHG,” said Miles Mahoney, president and general manager of C-Lock. “Evergreen Energy will work ardently to support Shanghai Electric in the feasibility study. If the pilot project is adopted, each installation is anticipated to require a technology to measure and document GHG reductions to quantify emissions reductions. We believe GreenCert will be well positioned to fill that role.”

The grant was signed by USTDA Acting Director Zak and Chairman Zhou on behalf of the U.S. government and Shanghai Electric at the “20^th Meeting of the U.S.-China Joint Commission on Commerce and Trade.” During this same meeting, the USTDA and China signed a memorandum of understanding (MOU) to promote the establishment of the U.S.-China Energy Cooperation Program (ECP). The ECP will focus on implementing clean energy solutions and is designed to leverage private sector resources for project development work, while at the same time advancing U.S. commercial interests in China.

About Coffey Coal Combustion Consultants (C^4)

Coffey Coal Combustion Consultants (C^4) was incorporated in 2008 as a contracting vehicle to bring together a group of engineering, operations, and maintenance experts from almost all fields of coal power generation. Although a newly formed organization, the participating experts have been actively collaborating on projects related to power plant operations and efficiency projects since 1984. Most of the experts have operational experience with power plants owned and operated by the Tennessee Valley Authority (TVA). Others have been directly involved with the nuclear power plant industry as project managers under contract to the Electric Power Research Institute, the EPRI I&C Center, Kurz Technical Services and the Oak Ridge National Laboratory. Their power plant research experience covers almost all aspects of plant operations during the past 20 years.

About Evergreen Energy Inc.

Evergreen Energy Inc. (NYSE Arca:EEE) has developed two proven, proprietary, patented, and transformative green technologies: the GreenCert™ suite of software and services and K-Fuel®. GreenCert owned exclusively by Evergreen, is a scientifically accurate, scalable, environment intelligence solution that measures greenhouse gases and generates verifiable emissions credits. K-Fuel technology significantly improves the performance of low-rank coals yielding higher efficiency and lowering emissions. Visit www.evgenergy.com for more information.

Evergreen Investor Contacts:
Evergreen Energy Inc.
Jimmac Lofton, 303-293-2992
VP Corporate Development
jlofton@evgenergy.com
or
Lippert / Heilshorn & Associates
Kirsten Chapman & Becky Herrick, 415-433-3777
bherrick@lhai.com
or
Evergreen Media Contact:
Lippert / Heilshorn & Associates
Adam Handelsman, 212-838-3777
ahandelsman@lhai.com