Indie Energy's Breakthrough Geothermal Technology for Buildings Earns U.S. Department of Energy Funding

Indie Energy's Breakthrough Geothermal Technology for Buildings Earns U.S.
Department of Energy Funding
Indie Energy Receives $2.45 Million Grant for Advancement of its SMART
GEOTHERMAL(TM) Heating and Cooling Technologies

CHICAGO, Nov. 12 /PRNewswire/ -- Indie Energy Systems Company, LLC announced
today that it has been awarded funding by the U.S. Department of Energy for
the continued development of the Company's smart geothermal technologies for
commercial and public buildings. The $2.45 million grant will contribute to
an innovative geothermal conversion of the Local 150 International Union of
Operating Engineers office campus in Countryside, Illinois.

"This is a very exciting time both for our program and the geothermal industry
in the United States," said Edward J. Wall, U.S. Department of Energy Program
Manager, Office of Geothermal Technologies, Energy Efficiency and Renewable
Energy. "Together we can accelerate technology development and expand the
reach of this transformative industry."

The U.S. Department of Energy grant includes support for Indie Energy's smart
simulation and metering technology that makes it possible to utilize the
American Recovery and Reinvestment Act incentives to reduce or eliminate the
first cost obstacle to widespread geothermal adoption.

"The new energy economy can be jump-started right now by using renewable,
geothermal energy to heat and cool both existing and new buildings," said
Indie Energy Chief Executive Officer Daniel Cheifetz. "This Department of
Energy award will help us demonstrate how the American Recovery and
Reinvestment Act can be used for a 'Cash for HVAC Clunkers' program by
municipalities and building owners across the country," Cheifetz added.

U.S. Congresswoman Jan Schakowsky of Illinois stated, "Indie Energy is a
leader in geothermal building systems and technology and has successfully
implemented over two million square feet of geothermal building systems
throughout my district and the State of Illinois. Their work in the field of
energy efficient, renewable technology has created a significant number of
green jobs, while also reducing thousands of tons of carbon annually. As a
member of the House Energy and Commerce Committee, I have worked hard to
promote a comprehensive energy strategy to combat climate change caused by
greenhouse gases, and I am very pleased to see the U.S. Department of Energy
support Indie Energy's work in this area."

U.S. Senator Richard J. Durbin of Illinois stated, "Indie Energy is developing
a geothermal technology system designed to reap both environmental and
economic benefits. This award from the U.S. Department of Energy will help
Indie Energy create green jobs, attract private capital to the geothermal
heating and cooling market, and deliver savings with clean energy systems that
reduce carbon emissions."

About Indie Energy Systems Company Indie Energy is a global leader in smart
geothermal technology for heating and cooling both existing and new buildings.
The Company creates investment-grade geothermal systems with its innovative
engineering, construction, and metering technologies. Indie Energy(TM) Smart
Geothermal(TM) systems also make it possible to utilize American Recovery and
Reinvestment Act incentives to make geothermal systems affordable for most
buildings. Indie Energy has a portfolio of patent applications and other
proprietary rights covering its innovative smart geothermal technology. Indie
Energy is headquartered in Evanston, Illinois. www.indieenergy.com

Copyright © 2009 Indie Energy Systems Company, LLC. Indie Energy and Indie
Energy Smart Geothermal are trademarks of Indie Energy Systems Company, LLC.
Patents pending. For permissions or licenses, contact Erik Larson, below.

SOURCE Indie Energy Systems Company, LLC

Company, Erik Larson, Executive Vice President of Indie Energy Systems
Company, LLC, +1-847-371-1604, erik@indieenergy.com; or Press, Richard
Simonelli of CXO Communication, +1-267-884-3559, richard@cxocommunication.com,
for Indie Energy Systems Company, LLC