ThermoEnergy Corporation Names Former DOE Deputy Assistant Secretary, James Wood, as Chairman and CEO

 ThermoEnergy Corporation Names Former DOE Deputy Assistant Secretary, James
                          Wood, as Chairman and CEO

Inside Investors Raise $3.7 Million to Support New CEO's leadership of Company
Into Lucrative Energy Markets

PR Newswire

WORCESTER, Mass., Jan. 2, 2013

WORCESTER, Mass., Jan.2, 2013 /PRNewswire/ --ThermoEnergy Corporation
(OTCBB: TMEN), a diversified technologies company engaged in the development
and sales of wastewater recovery and clean power generation technologies,
announced today that James F. Wood has been named Chairman and Chief Executive
Officer, effective January 2, 2013. Wood succeeds Cary G. Bullock who will
remain a member of ThermoEnergy's board of directors.

(Logo: http://photos.prnewswire.com/prnh/20100816/CL50460LOGO )

A thirty-year power industry veteran and recognized leader, Wood completed his
service as Deputy Assistant Secretary for Clean Coal in the US Department of
Energy on December 31, 2012.

"With new wastewater management projects in oil/gas hydrofracking, power
generation, and biogas production, it has become clear that the future of
ThermoEnergy will be driven by demand for our technologies in the energy
business," said ThermoEnergy retiring Chairman and CEO, Cary Bullock. "Jim
comes to ThermoEnergy with an outstanding track record as an energy industry
top executive coupled with exceptional industry experience in both the private
and public sectors."

"In addition, our partnership with Sofinter/ITEA in the Unity Power Alliance
has moved up the timeline for commercialization of our POXC™ clean coal
combustion technology," said Bullock. "Jim's deep knowledge of boiler
technologies and the coal industry, as well as his experience bringing major
power projects to completion, will be enormously helpful in reaching our
goals."

ThermoEnergy's board of directors also announced that the company has raised
$3.7 million in capital from inside investors Robert S. Trump, Empire Capital
Partners, Focus Fund, and The Quercus Trust. "We are delighted that Jim Wood
has accepted our offer to take the helm of ThermoEnergy's board and management
team," said board director, Shawn R. Hughes. "This new round of financing is a
vote of confidence from the Board that Jim will bring the leadership skills
and experience to ramp up market share in the energy sector and guide the
company toward a profitable future."

Jim Wood said, "Oil, gas, and electric power production require tremendous
quantities of clean water, a precious commodity that is becoming increasingly
scarce every year. ThermoEnergy offers the energy industry sustainable water
lifecycle management solutions that preserve water, lower operating costs, and
protect the environment. Also, ThermoEnergy's efforts in commercializing
pressurized oxy-combustion (POXC™) may hold the key to viable clean coal power
generation. I am pleased to be part of a team with the potential to make such
a valuable contribution to our energy future."

Prior to his appointment at the U.S. Department of Energy, Wood was president
and CEO of Babcock Power Inc. (BPI), one of the major US-based
designer/manufacturers of environmental, pressure part, heat exchanger,
combustion equipment and after-market services for the power generation
industry. From 1996 to 2001, Wood was president of Babcock & Wilcox (B&W), a
$1.5 billion integrated world-wide provider of boiler-systems and after-market
services to the power industry. He also was executive vice president of
McDermott International Inc., the former parent of B&W. From 1988 to 1996,
Wood was president of WTI International Inc. (WTII) and managing director of
Wheelabrator Environmental Systems (WESI), both subsidiaries of Wheelabrator
Technologies.

Wood has significant international experience, including periods of residency
in Italy, India, Belgium, Colombia, and Ecuador and was responsible for B&W's
foreign subsidiaries and ventures in China, Turkey, Egypt and Indonesia. He
was appointed to the National Coal Council by three Administrations, and was a
member of the US-Egypt President's Council -- both federal advisory
committees. Wood is an ASME Fellow and Trustee of Clarkson University.

Wood holds a B.S. in Chemical Engineering from Clarkson University and an MBA
with a focus on international economics from Kent State University.

About ThermoEnergy Corp.
Founded in 1988, ThermoEnergy is a diversified technologies company engaged in
the worldwide development, sales and commercialization of patented and/or
proprietary wastewater treatment and power generation technologies. The
company has been a pioneer in the development of sustainable water treatment
technologies that help clients operate more efficiently, save money, reduce
their carbon footprints, and meet sustainability goals. Additional information
on the Company and its technologies can be found on its website at
www.thermoenergy.com

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING"
STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR
SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.

SOURCE ThermoEnergy Corporation

Website: http://www.thermoenergy.com
Contact: Media - Marc Bane, +1-978-443-2378, mbane@banemarketing.com, or
Investor Relations - Chris Camarra, +1-212-398-3487,
ccamarra@allianceadvisors.net
 
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