Viridity Energy and Axion Power International Among First Active Resources Participating in the PJM Interconnection Regulation Market

The Federal Energy Regulatory Commission (FERC) Regulation Order Provides Better Compensation for Regulation Resources and Enhances Reliability Of the Grid

PHILADELPHIA, PA – NOVEMBER 22, 2011 – Viridity Energy, a company leading the next generation of distributed energy resource management, today announced its participation with New Castle-based customer Axion Power™ International (OTC Bulletin Board: AXPW) as an active regulation resource in the PJM Wholesale Market. This participation has been made more profitable by the recent FERC regulation changes, which reduced the minimum requirement from 500 kw down to 100 kw, and which increased the compensation paid to fast acting, accurate regulation resources.

“PJM’s implementation of the FERC regulation change recognizes the important role that market rules play in developing the industry,” said Audrey Zibelman, President and CEO of Viridity Energy. “This decision strengthens the ability of customers to provide a service that enhances the reliability of the grid while improving the competitiveness of electric markets. I congratulate FERC and PJM for their forward thinking approach, and our partner and customer, Axion Power International, for being on the cutting edge and prepared to take advantage of this emerging opportunity.”

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