UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 24, 2003



                         Environmental Power Corporation
             (Exact name of registrant as specified in its charter)


Delaware                          0-15472                   04-2782065
--------                          -------                   ----------
(State or other jurisdiction     (Commission               (IRS Employer
of incorporation)                File Number)              Identification No.)


           One Cate Street, 4th Floor, Portsmouth, New Hampshire 03801
                    (Address of principal executive offices)


                                 (603) 431-1780
              (Registrant's telephone number, including area code)






Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits

99 Press Release of Environmental Power Corporation ("POWR") dated June 24,
2003.

Item 9.  Regulation FD Disclosure

The Press Release attached as Exhibit 99 hereto is furnished pursuant to
Regulation FD. It is not filed.

Cautionary Statement

The Private Securities Litigation Reform Act of 1995 (the "Act") provides a
"safe harbor" for forward-looking statements. Certain statements contained in
this press release such as statements concerning our seeking to realize the
growth potential associated with our anaerobic digestion systems, the deployment
of animal waste-to energy technology and other statements contained herein
regarding matters that are not historical facts are forward looking statements
as such term is defined in the Act. Because such statements involve risks and
uncertainties, actual results may differ materially from those expressed or
implied by such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to, uncertainties
involving development stage companies, financing requirements and uncertainties,
difficulties involved in developing and executing on a business plan,
technological uncertainties, risks relating to managing and integrating acquired
businesses, volatile and unpredictable developments (including plant outages and
repair requirements), the difficulty of estimating construction, development,
repair and maintenance costs and timeframes, the uncertainties involved in
estimating insurance and implied warranty recoveries, if any, the inability to
predict the course or outcome of any negotiations with parties involved with
POWR's or Microgy's projects, uncertainties relating to general economic and
industry conditions, the amount and rate of growth in expenses, uncertainties
relating to government and regulatory policies, the legal environment,
intellectual property issues, the competitive environment in which POWR and
Microgy operate and other factors, including those described in the Company's
filings with the Securities and Exchange Commission, including the section
"Management's Discussion and Analysis of Financial Condition and Results of
Operations -- Certain Factors That May Impact Future Results" of POWR's
Quarterly Report on Form 10-Q for the period ended March 31, 2003. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates. POWR undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.









                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                               ENVIRONMENTAL POWER CORPORATION


June 24, 2003                    By:

                                 / /R. Jeffrey Macartney
                                 Treasurer and
                                 Chief Financial Officer
                                 (principal accounting officer
                                 and authorized officer)