NRG Energy (NYSE: NRG) Files Clean Coal Power Initiative Application to Build Post-Combustion Carbon Capture Demonstration Project in Texas

NRG Energy (NYSE: NRG) Files Clean Coal Power Initiative Application to Build Post-Combustion Carbon Capture Demonstration Project in Texas —

Company Joins DOE’s National Carbon Capture Center to support reducing greenhouse gases through technological innovation—

PRINCETON, N.J.----NRG Energy, Inc. (NYSE: NRG) submitted a Clean Coal Power Initiative application to the U.S. Department of Energy (DOE) to build a post-combustion carbon capture demonstration unit at the Company’s WA Parish plant southwest of Houston. NRG also joined the National Carbon Capture Center (NCCC), an industry-based partnership that focuses on reducing greenhouse gas emissions nationwide through technological innovation, including the development and testing of advanced pre- and post-combustion technologies to capture carbon dioxide (CO2) from fossil-fueled power plants.

“This post-combustion carbon capture project is another important step in NRG’s efforts to reduce the carbon intensity of existing fossil fueled electricity production substantially,” said David Crane, President and CEO of NRG Energy. “As we look to further decarbonize our fleet and push to develop and deploy these advanced technologies on a larger scale, initiatives like the National Carbon Capture Center will bring us closer to meeting the challenges of global climate change and transitioning to an environmentally sustainable energy future.”

NRG’s carbon capture demonstration project at WA Parish will be among the first of its kind and is expected to begin operating in 2013. It will use Fluor Corporation's (NYSE: FLR) advanced Econamine FG Plussm technology to process flue gas from the plant equal in quantity to that of a 60-megawatt (MW) unit. It will be designed to capture 90% of incoming CO2, or just under a half million tons of CO2 annually – a level that can prove the technology’s viability on a larger scale. Once captured, the CO2 will be compressed using Ramgen/Dresser-Rand technology and used in enhanced oilfield recovery operations, becoming a revenue stream to offset a portion of the cost of the project. Sargent & Lundy LLC is providing engineering support for the project, including innovative approaches to managing the energy requirements of the carbon capture technology.

To help spur further research, development, demonstration and deployment of critical carbon capture projects such as the one being conducted at WA Parish, NRG has also become a partner in the NCCC. Located at the DOE’s Power Systems Development Facility in Wilsonville, Alabama and managed and operated by Southern Company, the NCCC works with scientists and technology developers from government, industry and universities to conduct testing and analyses in power plant settings, at sizes large enough to provide meaningful performance data under real operating conditions.

“Alliances such as the National Carbon Capture Center and the technology we are developing at WA Parish will be invaluable to move technology currently in the lab to widespread use across the industry where we can help meet the challenges of global climate change,” added Crane.

“We welcome NRG Energy to the growing partnership at the National Carbon Capture Center,” said David Ratcliffe, chairman, president and CEO of Southern Company, which is managing and operating the center for the U.S. Department of Energy. “Carbon capture is an important component of the diverse portfolio of technologies our nation must pursue to meet our energy and environmental challenges. NRG Energy's involvement strengthens our effort to develop and deploy these critical solutions.”

Some of NRG’s other efforts to repower with less carbon intensive technologies include:

•A 2,700 MW of new, zero-emission nuclear generation capacity in development at the Company’s South Texas Project location—enough to support more than two million homes; •Three wind farms in west Texas, two operating currently and one under construction, totaling approximately 350 MW; •About 500 MW of solar thermal power under development in California and New Mexico; and •Multiple natural gas plant developments in California, Texas and throughout the northeast. “At NRG we strive to find solutions to the many challenges we face as an industry,” said Crane. “Our hope is that, through a combination of innovation, public-private partnerships and pragmatic and effective climate legislation, we can make these critical projects that will turn the needle on climate change a reality.”

About NRG

NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country’s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Company’s power plants provide more than 24,000 megawatts of generation capacity—enough to supply more than 20 million homes. NRG’s retail business, Reliant Energy, serves more than 1.6 million residential, business, commercial and industrial customers in Texas. A past recipient of the energy industry’s highest honors—Platts Industry Leadership and Energy Company of the Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a group of business and environmental organizations calling for mandatory legislation to reduce greenhouse gas emissions. More information is available at http://www.nrgenergy.com/.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include NRG’s expectations with respect to carbon capture and sequestration and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, hazards customary in the power industry, general economic conditions, permitting and regulatory obstacles, construction delays, and changes in government regulation of environmental emissions.

NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the Securities and Exchange Commission at http://www.sec.gov/.


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Mantra Venture Group Provides Update on its ERC technology

Mantra Venture Group Provides Update on its ERC technology

SEATTLE, Aug. 12 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to provide an update on the progress of its ERC (Electro Reduction of Carbon Dioxide) technology at its laboratory. The following tasks have been completed to date:

- The preliminary process flow diagram has been reviewed and updated;
- Material compatible for the project have been reviewed;
- Major components have been selected and ordered;
- Electrochemical cells have been received from the University of
British Columbia and are currently being refurbished for the project;
and
- A one year research and development schedule has been completed.

In addition, assembly of the test rig is underway under the oversight of Mr. Norman Chow, the President of Kemetco Research Inc. Mr. Chow is highly experienced in serving his various clients in designing test and research protocols to achieve specific ends within budget and on schedule. In this project he is working closely with Professor Colin Oloman, one of the inventors and an individual who is very knowledgeable about the ERC chemistry and underlying processes. They have worked together previously and understand one another which allows them to easily communicate and to concentrate on the complexities required in the project.

Kemetco's Senior Research Scientist on the project, Mr. Joey Jung, has a solid background in electrochemical engineering, battery research, fuel cell and electrowinning technologies. He has direct understanding of what must be accomplished from his own inventions, and from making numerous patent applications. Mr. Jung has overseen most of the purchasing for the test rig and is assembling manufacturing diagrams.

The ERC process takes carbon dioxide and water, combined with electricity, to produce fuels and chemicals such as formic acid, formates and oxygen. The scientific research conducted on the ERC process was summarized in three papers. Two papers were published in Journal of Applied Electrochemistry(1),(2) and one published in Chem Sus Chem(3).

Larry Kristof, Mantra's C.E.O., commented "The ERC test station is scheduled to be assembled by September 19, 2008 and online by September 30, 2008. Mantra is very excited to push this technology through to the marketplace. Implementation of this technology will have a significant impact on our current climate change crisis."

About Mantra:

Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.

Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.

Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

---------------------------
(1) Hui Li and Colin Oloman, The electro-reduction of carbon dioxide in a
continuous reactor, Journal of Applied Electrochemistry, (2005), Vol
35, pp 955-965.
(2) Hui Li and Colin Oloman, Development of a continuous reactor for the
electro-reduction of carbon dioxide to formate - Part 2: Scale-up,
(2007), Vol 37, pp 1107-1117.
(3) Colin Oloman and Hui Li, Electrochemical Processing of Carbon
Dioxide, (2008), Vol 1, pp 385-391.

Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.

For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp

Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com

Source: Mantra Venture Group Ltd.