Roger McCombs, CPC chief executive officer says the lease will help the company solve some national energy problems while allowing it to use the property to develop, manufacture and market an advanced energy delivery service.

Composite Power's strategic plan is based on the use of these two partially completed nuclear sites to construct an integrated industrial/energy park with a central power complex of multiphase 2500 Megawatts of natural gas-fired generation. The site is expected to provide the cornerstone for CPC's development of an advanced composite manufacturing center and a large-scale secure data storage facility. The natural gas fired generation will provide the base load power for the sitewith a large segment of the power being provided to the Northwest Power Grid.

For the past year Composite Power has worked closely with the United States Department of Energy and several years with major utilities. Additionally, procurement engineering, construction and advanced materials firms such as W. Brandt Goldsworthy & Associates (Torrance, CA), as key partners.