ThermoEnergy Appoints Cary G. Bullock as the Company's New Chief Executive Officer

ThermoEnergy Corporation (Pink OTC Markets: TMEN) today announced that Cary G. Bullock was appointed as our President and Chief Executive Officer and was elected to our Board of Directors. Mr. Bullock succeeds Dennis C. Cossey as our Chief Executive Officer and Shawn R. Hughes as our President. Both Mr. Cossey and Mr. Hughes will remain as members of our Board of Directors and Mr. Cossey will continue to serve as Chairman of the Board.

In connection with his appointment, Mr. Bullock was also appointed as Chief Executive Officer of our subsidiary, ThermoEnergy Power Systems LLC, as a member of the Board of Managers of Babcock-Thermo Carbon Capture LLC, our joint venture with Babcock Power, Inc., and as a member of the Board of Directors of our subsidiary, CASTion Corporation.

Mr. Bullock was employed most recently by GreenFuel Technologies Corporation, serving as Chief Executive Officer from February 2005 through June 2007 and as Vice President for Business Development from June 2007 through January 2009; he was a member of the Board of Directors of GreenFuel Technologies Corporation from February 2005 through August 2009. Since February 2009, Mr. Bullock has served a variety of clients as an independent consultant and business advisor. Prior to joining GreenFuel Technologies, Mr. Bullock was Chairman and Chief Executive Officer of Excelergy Corporation, Vice President of KENETECH Management Services and President of its affiliate, KENETECH Energy Management, Inc., Chairman and Chief Executive Officer of Econoler/USA Inc., Vice President of Engineering and Operations and Principal Engineer of Xenergy Inc., Director of Special Engineering and a Senior Engineer at ECRM, Inc. and a Senior Engineer at Sylvania Electronics Systems. Mr. Bullock holds an AB degree from Amherst College and B.S. and M.S. degrees from MIT.

Mr. Cary G. Bullock said, "I'm very excited to be joining ThermoEnergy at this key juncture in the company's history. Based on the Company's revolutionary technology and growing markets, I look forward to building a profitable water business and commercializing the energy business."

Mr. Dennis C. Cossey, the Chairman of ThermoEnergy said, "We are indeed fortunate to have on board a person of Mr. Bullock's talent. His experience and business background meshes perfectly with the Company's technology portfolio and I look forward to working with Cary to achieve the success we have always envisioned." Mr. Bullock brings many years of proven and inspired leadership of companies pursuing and developing innovative technologies with a commitment to environmentally responsible solutions. As Chairman, Mr. Cossey will be able to devote more time to his role in government relations as well as developing strategic corporate relationships.