Mar 16 - Business Wire

Sterling Planet, a portfolio company of GreenShift Corporation (OTCBB: GSHF), today announced that it is supplying the US Air Force, the nation's largest purchaser of renewable energy, with 530 million kilowatt hours of this clean energy source, representing enough electricity to power 51,000 average U.S. homes for a full year.

The U.S. Air Force was honored October 24, 2005 as a recipient of a 2005 Green Power Leadership Award for its organization-wide commitment to renewable energy. The annual awards, presented during the National Green Power Marketing Conference, are sponsored by the U.S. Environmental Protection Agency, the U.S. Department of Energy and the Center for Resource Solutions to recognize organizations whose actions help advance the development of the nation's green power market.

In just a few years, the service has also become a major player in purchasing green power. It is now the largest purchaser of renewable power in the federal government, accounting for 41 percent of all green power purchases by the federal government.

"This past fiscal year the Air Force purchased more then 1,059 gigawatt hours of renewable energy. That's enough to power 70,000 average-sized homes for a year," said Gary Hein, Air Force Energy Team manager.

The next closest federal purchasers were GSA with about 500 gigawatt hours, the Environmental Protection Agency with 247 gigawatt hours and the Department of Energy with 145 gigawatt hours. The closest military purchaser was the Army with 52 gigawatt hours.

"We've (the Air Force) been very aggressive in pursuing renewable energy because it makes economic sense," said Jim Snook, Air Force renewable energy program manager. Mr. Snook said the Air Force strategy is to lock in long-term contracts at fixed prices to ensure reasonably priced rates in the future.

"Industry has seen that the Air Force is committed to renewable energy and they are bringing ideas and projects to us and making more renewable purchasing opportunities available," he said.

About Sterling Planet

Sterling Planet is the nation's leading retail provider of solar, wind and other clean, renewable energy through direct sales and electric utility partnerships. Sales have created environmental benefit comparable to not driving 5.86 billion miles or taking 468,000 cars off U.S. roads. Founded in 2000, Sterling Planet was the first to offer Renewable Energy Certificates to every U.S. home and business as a way to support sustainable energy production that benefits the environment, the economy and society in general. Today, Sterling Planet has 30 utility partners nationwide in Connecticut, Florida, Massachusetts, New Jersey, New York, Rhode Island, Washington, DC and elsewhere. The company is also exploring emerging clean energy markets, maintaining a focus on businesses, universities and clients seeking LEED credits for green building certification. Additional information on Sterling Planet is available online at www.sterlingplanet.com.

Sterling Planet is a portfolio company of GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded business development company whose mission is to develop and support clean companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains. Additional information on GreenShift is available online at www.greenshift.com.

Safe Harbor Statement

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