EXHIBIT 11
 
                        ENVIRONMENTAL POWER CORPORATION
 
                       COMPUTATION OF EARNINGS PER SHARE
 
                               DECEMBER 31, 1995
 

                                                                
Weighted average number of shares.................................  10,649,161
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Net loss for the year............................................. $  (734,611)
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Loss per share--primary and fully diluted......................... $      (.07)
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