ALTER NRG CORP. ANNOUNCES ENGINEERING SERVICES AGREEMENT FOR A PROJECT THAT
HAS RECENTLY RECEIVED REGULATORY APPROVAL FOR A 24 MEGAWATT ENERGY FROM WASTE
PROJECT IN ST. LUCIE COUNTY, FLORIDA

TSX - NRG

OTCQX - ANRGF

CALGARY, Sept. 16 /CNW/ - (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce Geoplasma - St. Lucie, LLC ("Geoplasma") received its final Air Construction Permit for a planned 24 megawatt energy from waste project in St. Lucie County, Florida. The proposed project will be using Alter NRG's proprietary Westinghouse Plasma technology. Geoplasma has now engaged Alter NRG for approximately US$300,000 in engineering support and other services related to this project, which is expected to lead to further engineering and an approximate US$25 million plasma gasification equipment order upon successful development.

The St. Lucie project is expected to process approximately 660 tons per day of feedstock consisting of primarily municipal solid waste from St. Lucie County, plus tires and other permitted feedstocks and convert this into steam and/or power. This project is located on a 9 acre parcel within the boundaries of the existing County landfill site. Geoplasma has a 20 year agreement with the County to process the waste into clean energy instead of continuing to bury it in the landfill. Geoplasma is a subsidiary of the Jacoby Group which has business interests in Real Estate, Healthcare, Education as well as clean energy and has been advancing St. Lucie and other energy projects since 2003.

St. Lucie County Commissioner Chris Craft states "we are excited to see this very important partnership with Alter NRG and Geoplasma. This brings us one step closer to a sustainable solution for managing our solid waste by recovering its energy in an environmentally responsible way. A key part of the St. Lucie project is enhanced recycling which is expected to result in some of the highest recycling rates in the country. The remaining waste that cannot be reasonably recycled will be used to create clean energy."

On July 17, 2010 Geoplasma received its final Air Construction Permit from the Florida Department of Environmental Protection ("Florida DEP") for the gross 24 megawatt plasma arc gasification waste to energy plant. The Florida DEP conducted a formal public review and comment and appeal process and the permit is no longer subject to any appeals process. The air construction permitting process was managed by Golder Associates, Inc., a leader in environmental engineering.

Scott Osbourn, Golder Associates' project manager, characterizes this project as "a renewable and sustainable technology that significantly reduces the environmental footprint of waste disposal versus conventional technologies. Specifically, there will be lower emissions per ton of waste treated or megawatt of electricity generated. In addition, the gasification byproducts, including metals and vitrified (glasslike) material, are recyclable and have other beneficial uses."

St. Lucie County has been a strong advocate for the project as part of a larger eco-friendly initiative called "The Green Mile". The St. Lucie Sustainability Alliance is also advancing changeover to LED lighting, local smart grid solutions including digital monitoring as well as increased use of solar and advancing energy efficiency initiatives on County buildings. Recovering energy from waste is another building block in the overall Green Mile plan. It is expected that every 1 ton of waste processed in the facility will reduce lifecycle carbon emissions by 0.7 to 1 tons.

Dr. Hilburn O. Hillestad, President of Geoplasma, states "both getting regulatory approval and also engaging Alter NRG for further engineering are major milestones for our company, for this project and for the industry as a whole. We are very pleased to be moving forward aggressively and believe the Westinghouse Plasma gasification technology is the industry leader that will help bring about a new generation of recovering energy from our waste. The project will focus on increasing recycling rates in the County followed by recovering energy from waste and even using the remaining slag in the construction industry."

St. Lucie County is further supporting the project by authorizing Camp, Dresser & McKee (CDM), the primary environmental consultant to the County's Solid Waste Department, to proceed with modifications to the existing permits for the landfill to accommodate the plasma gasification process. Eric Grotke, project manager for CDM, stated "St. Lucie County has long been a leader in diversion of materials from the landfill through recycling and in reducing landfill volume through baling. Construction and operation of this plasma gasification facility will provide enhanced recycling as well as recovery of energy from residual materials that would otherwise be landfilled. We are looking forward to continuing to work with the County and Geoplasma in achieving this major milestone in waste management technology."

Mark Montemurro, President and CEO of Alter NRG believes that "having the first commercial scale plasma gasification project recovering energy from waste in North America to receive its air permit is a significant milestone. This sets a precedent for further developers and their facilities to continue their development cycle. It is encouraging to see Geoplasma and St. Lucie County advance this project to regulatory approval through their hard work and perseverance."

ABOUT ALTER NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. The Company's objectives are twofold; First, is to further commercialize the Westinghouse Plasma Gasification Technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, and syngas; Second, to capitalize on the rapidly growing geoexchange residential and commercial heating and cooling market through a wholly owned subsidiary CleanEnergy that enables consumers to reduce their carbon footprint and reduce the cost and volatility of energy bills using the energy from the earth.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Advisory Respecting Forward-Looking Statements:

This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining to capital expenditures, schedules and commencement of operations projects under development; availability of project financing; timing of sales; industry trends; factors influencing capital investments and development activities; the Corporation's reputation and market position within the industries in which it operates and the Corporation's strategy and competitive advantages. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Corporation. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; unforeseen environmental effects; the completion of strategic partner's projects; the continued participation of the Corporation in other projects undertaken by Geoplasma, arrangements with key suppliers; potential product liability and other claims; risks associated with the proprietary technology; the possible unavailability of financing at competitive rates and the related effect on development activities; changes in government regulation, including changes to environmental regulations; the effects of competition; and fluctuations in currency exchange rates and interest rates, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 29, 2010 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

The Corporation cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Corporation assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

For further information: Mark Montemurro, President and Chief Executive Officer, [phone], [email protected]; Daniel Hay, Chief Financial Officer, [phone], [email protected]