EnvaPower Announces Management Change and Record Growth

CAMBRIDGE, MA, April 11, 2007 EnvaPower®, the leading provider of real-time power market intelligence, announces that Dr. Gustav Beerel, formerly Senior Vice President, has been promoted to Chief Executive Officer, positioning the company for its next phase of growth.

The last 12 months have been the most successful in the company’s history. During this period, EnvaPower has more than doubled revenues and employees, achieved consistent profitability, expanded the range of PowerIQ™ services, and cemented its position as the leader in real-time power market intelligence. “Gustav has been instrumental in the company’s recent success,” comments Ramin Abrishamian, the company’s Chairman. “EnvaPower is now poised to enter new markets and Gustav possesses the experience and intellect to lead the company’s continued growth.”

Before joining EnvaPower, Dr. Beerel had senior management roles with New Energy Ventures, Enron and Dow Chemical. He earned an MBA from Harvard University and holds a Ph.D in Chemical Engineering from the University of Houston.