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Evergreen Energy Reviews GreenCert Product Development.

Secures Interest in North America, Europe and Asia Pacific

DENVER -- Evergreen Energy Inc. (NYSE Arca:EEE) provides a review of GreenCert[TM] solutions and commercialization efforts.

"GreenCert is a highly-customizable suite of solutions that has evolved into the primary strategic focus of Evergreen," said Thomas H. Stoner, Jr., CEO of Evergreen. "Based on projects, as well as customer and partner feedback, we continually improve our solutions to meet changing market needs. In addition, in the past six months, we have installed a very experienced sales team to enhance our partnerships and drive commercialization of the GreenCert solution."

Miles Mahoney, president and general manager of C-Lock Technology, the Evergreen subsidiary commercializing GreenCert, said, "We intend to sell GreenCert as an on-premise offering and as a hosted software as a service (SaaS) solution, both with annual licensing fees. Our solutions will require consulting and implementation services as well as the needed infrastructure for support, including hardware, which we expect will help incentivize our partners' sales programs and sales channels."

"Focused on deployment, we are working closely with our strategic partners. Recently expanded relationships include embedding GreenCert in IBM's Solution Architecture for Energy and Utilities (SAFE); collaborating with Black & Veatch to target power generators; and starting a feasibility study for Shanghai Electric Power Company Ltd. commissioned by the U.S. Trade and Development Agency. Currently, we are in discussions with a strategic business development group to formulate a joint go-to-market plan to roll out GreenCert to the energy sector early next year," added Mahoney.

GreenCert[TM] solutions are highly automated enterprise systems that provide accurate and precise scientifically verifiable measurement, financial quantification and management of GHG and Carbon emissions. These proprietary solutions scale across the enterprise to capture the entire carbon lifecycle. Evergreen has developed a three-phase plan to bring its GreenCert solution to market. In the first phase, GreenCert quantifies the company's baseline emissions status and the accuracy of the methodology and data used. In the second phase, Evergreen assesses and identifies the capital expenditure and operating expense improvements that drive efficiencies within the company or specific plant and determines the GHG savings associated with those efficiency improvements. This phase also elevates methods to reduce the uncertainty of the GHG measurement to improve accuracy. Combined, the first two phases deliver the GHG assessment and result in an understanding of the return on investment for employing the third phase. In this final phase, Evergreen deploys the site-specific, highly-customized solution that enables the quantification and monetization of the emissions reductions and efficiency improvements. The deployed solution then enables new improvements to be quantified and monetized going forward.

Mahoney summarized, "Minimizing a utilities' carbon footprint reduces operating and capital expense. Therefore, regardless of legislation, GreenCert has garnered interest in all three major world geographies. In the U.S., Evergreen has performed the assessments for two large U.S. utilities. In Europe, we are engaged in an assessment with a large utility company and are currently in phase 2. In Asia, we have introduced the GreenCert[TM] solution process and have received requests for proposals from several large companies from the utilities and manufacturing sectors. As such, we are successfully gaining traction globally."

GreenCert Energy software solution will continue to be refined and enhanced. One of the key improvements to date is the ability to meet the data input and quantification requirements of the European Union Emissions Trading System's GHG Monitoring and Reporting Guidelines. In addition, GreenCert is certified and installed on Windows and Linux platforms as well as two of the three major IBM hardware offerings: X-system and P-system. This enables greater computational process capabilities as well as eases entry into an expanded customer market base, as the majority of U.S.-based energy utilities utilize P-system hardware.

Future upgrades are expected to address localization to meet current interest in Asia as well as integration with key components like business intelligence, business rules engine and asset management. Such enhancements would enable the GreenCert solution to market to energy distribution and transmission, supply chain, petroleum production and transportation companies. In addition, in the long term Evergreen can further develop its GreenCert Agriculture software for possible carbon credit needs.

Conference Call Information

Evergreen management will host a conference call today, Monday, November 9th at 11:00 a.m. Eastern Daylight Time (9:00 a.m. MDT, 8:00 a.m. PDT) to discuss its third quarter 2009 financial results. The call is being webcast live and can be accessed from the "Investor Relations" section of the company's website at http://www.evgenergy.com/. Participants may dial 877-407-9210 and International callers may dial 201-689-8049 ten minutes prior to the scheduled conference call time. The Conference ID will be #336660. A telephone replay will be available until midnight Eastern Daylight Time on November 16th by dialing 877-660-6853 or 201-612-7415 and the following: Account #: 286, Conference ID #: 336660. The audio webcast will also be archived on Evergreen's website for 90 days.

About Evergreen Energy Inc.

Evergreen Energy Inc. (NYSE Arca: EEE) has developed two proven, proprietary, patented, and transformative green technologies: the GreenCert[TM] suite of software and services and K-Fuel[R]. 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.

GreenCert[TM] is a web-based carbon information management tool for agriculture and industry, including the energy industry. GreenCert, a combined solution set, integrates IBM software products and tools with customized C-Lock Technology Inc. software processes for the complex task of precise and accurate GHG measurements. The IBM framework platform is based on a service-oriented architecture (SOA) that merges a comprehensive software set that includes real-time communications, through an Enterprise Service Bus, data collection, extensive correlation processes and integration of large-scale models. The architecture meets current greenhouse gas processing demands and is scalable for worldwide and large enterprise applications.
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Publication:Business Wire
Geographic Code:1U8CO
Date:Nov 9, 2009
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