POWER Hires Charles B. Clark, Jr. as Chief Financial Officer

Business Wire, July 14, 2008

FREMONT, Calif. -- Advanced Power Projects, Inc. ("POWER"), announces the appointment of Charles B. (Chuck) Clark, Jr. as Chief Financial Officer. Chuck brings over 25 years of accounting and finance experience in the power industry, and has supported the raising of over $20 billion in public and private capital market transactions to advance clean power generation in the U.S.

Prior to joining POWER, Chuck served as Senior Vice President and Chief Accounting Officer for Calpine Corporation, the U.S.'s largest independent power producer. In this role, he was responsible for the accounting and auditing functions of the company. In managing the functions of SEC reporting and technical accounting, internal management reporting, SOX compliance, and other traditional accounting functions, he oversaw a global staff of 280 accountants. As Chief Accounting Officer he played a key role in managing the relationship with the company's external auditors and supported capital market transactions to promote the growth of the company. While employed at Kenetech and Dravo Corporations earlier in his career, he served in a variety of senior financial positions.

"We are genuinely pleased to have Chuck join our senior management team at POWER," reported Tom Mason, President. "His reputation for integrity in a financial reporting role combined with his years of experience in our industry make him a valuable asset to our organization."

Based in Fremont, California, POWER is focused on clean, fuel-efficient natural gas power generation. The company applies advanced power technologies and experienced professionals to enable existing power plants to generate more power at lower cost with reduced air emissions. POWER develops new power plants to reduce power costs for industrial customers, and provides technologies that are complimentary to the economic deployment of wind, solar and biomass plants. For more information, visit our website at advancedpowerprojects.com.