Momentum Renewable Energy will pursue renewable energy project development and investment opportunities, with an initial focus on community wind projects.

PORTLAND, Ore. – February 14, 2006 – David Evans and Associates, Inc. (DEA) today announced the launch of its new wholly-owned subsidiary, Momentum Renewable Energy, Inc., to provide technical, financial, and regulatory knowledge to help landowners, developers, and investors accelerate energy projects from early development through construction. The new subsidiary complements DEA’s established engineering practice for energy clients, and supports its core purpose to improve the quality of life while demonstrating stewardship of the built and natural environments.

Momentum is initially focused on developing and co-owning a portfolio of 10 - 50 MW community wind projects with partners in the agricultural industry. Long-term, its goal is to provide technical expertise and capital for innovators in the energy industry to bring promising renewable products to market.

The new subsidiary is led by Peter Solomon, an energy industry veteran with expertise in business development, finance, and operations. Prior to Momentum, Peter managed Safeway’s energy portfolio and led the grocery chain to become the second largest corporate purchaser of green energy in the nation.

“We believe there is substantial opportunity to expand renewable generation into the mainstream electric market,” said Peter, Vice President of Momentum. “Our ability to leverage DEA’s proven engineering expertise, combined with Momentum’s strong project development and management capabilities, positions us as a strong player in this rapidly growing industry.”

"Momentum provides us with the freedom to be more creative and entrepreneurial than could be achieved within our existing structure," said David Evans, DEA Chairman. "We are very excited about the opportunities ahead."

Renewable energy market growth in the U.S. is currently driven by wind and solar, with overall investments in renewable energy expected to total $100 billion by 2014 according to energy research firm Clean Edge, Inc. 

Momentum was recently selected to present at the American Wind Energy Association Windpower 2006 conference regarding community wind development and solutions for overcoming market challenges. For more information about this presentation and other Momentum initiatives, please visit www.momentumre.com.  

About DEA

Since its founding in 1976 in Portland, Oregon, DEA has become a recognized leader in progressive and sustainable engineering, design, and management solutions for complex transportation, land development, energy, and water resources projects nationwide. DEA consistently ranks among ENR’s Top 100 “Pure” Design firms in the U.S. In 2005, CE News named DEA the 6th Best Large CE Firm to Work for in the Nation. For more information about DEA, visit www.deainc.com.

About Momentum

Momentum was formed in 2005 as a wholly-owned subsidiary of David Evans and Associates, Inc., to pursue investment and development opportunities in renewable energy. The company’s vision is to become a recognized leader in renewable energy project development, and a catalyst for innovation in the energy industry. For more information about Momentum, visit www.momentumre.com.

Contact:
Jessica Morrison
Business Development Manager
Momentum Renewable Energy, Inc.
503.499.0270
jessica@momentumre.com