UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                 FORM 10-KSB

                    ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934


                     For Fiscal Year Ended: June 30, 2001
                      Commission File Number: 000-26607

                            GREENVOLT POWER CORP.
                            (formerly Beck & Co.)
                        ------------------------------
            (Exact name of registrant as specified in its charter)

           Nevada                                   88-0390828
--------------------------------                -------------------
 (State or other jurisdiction                    (I.R.S. Employer
of incorporation or organization)               Identification No.)


                               4055 Digby Drive
                       Orillia, Ontario, Canada L3V 6H2
         ---------------------------------------------------------
                   (Address of principal executive offices)


                                (705) 326-1117
                         --------------------------
                         (Issuer's Telephone Number)


         Check whether the Issuer (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirement for the past 90 days. YES
X    No

         State issuer's revenues for its most recent fiscal year:     $ 0.00

         Check if there is no disclosure of delinquent filers pursuant to Item
405 of Regulation S-B contained in this report and no disclosure will be
contained to the best of registrant's knowledge in definitive proxy or
information statements incorporated by reference in Part 111 of this Form 10-
KSB or any amendment to this Form 10-KSB:  [ X  ]

         As of September 1, 2001, the aggregate market value of the voting
stock held by non-affiliates, computed by reference to the price at which the
common equity was sold, or the closing price of such common equity as of a
specified date within the past 60 days (October 31, 2001); was $353,675.

         State the number of shares outstanding of each of the issuer's common
equity, as of the latest practicable date: 19,508,740 as of November 1, 2001

         Transitional Small Business Format: YES     NO   X


TABLE OF CONTENTS


PART I

<table>
<caption>

     <c>                                                                        <c>

Item 1. Description of Business.....................................................3

Item 2. Description of Property.....................................................8

Item 3. Legal Proceedings...........................................................8

Item 4. Submission of Matters to a Vote of Security Holders.........................8


PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters ......9

Item 6. Management's Discussion and Analysis or Plan of Operation..................10

Item 7. Financial Statements and Supplementary Data ...............................11

Item 8. Changes In and Disagreements With Accountants on
        Accounting and Financial Disclosure........................................12



PART III


Item 9. Directors and Executive Officers...........................................13

Item 10. Executive Compensation....................................................14

Item 11. Security Ownership of Certain Beneficial Owners and Management............15

Item 12. Certain Relationships and Related Transactions............................16

Item 13. Exhibits .................................................................17

</table>


PART I

ITEM 1:  DESCRIPTION OF BUSINESS

I.      INTRODUCTION

        GreenVolt Power corp. (formerly Beck & co.) (the "Company") was formed
as a Nevada corporation on April 14, 1998, to operate as a specialty retailer
of fine jewelry.  In its fiscal year ending June 30, 2000, the Company sold a
limited quantity of jewelry through direct mail and word of mouth advertising.
In August 1999, the company established a retail jewelry presence on the
Internet located at www.e-tailjewelry.com.  Management initially intended to
focus its resources on developing a dynamic e-commerce Internet presence
marketing fine jewelry and establishing specialty outlets in small rural
communities.

        However, on July 29, 2000, subsequent to the close of its June 30,
2000 fiscal year, the Company acquired 100% of the outstanding shares of
GreenVolt Corp., an Ontario Corporation ("GreenVolt") in a stock for stock
exchange.  GreenVolt is a development stage company, and is in the process of
developing fuel cell technologies for commercial and industrial use.  In
connection with this transaction, management of the Company changed, and the
Company has disposed of its retail jewelry business in September 2000, by
transfer of all jewellery assets and liabilities to Larry Beck a former
director of the company. This was done to focus all management attention on
GreenVolt's fuel cell business.

        On September 12, 2000, the corporation changed its name from "Beck &
Co." to "GreenVolt Power Corp.", in order to better reflect its intended
business. The transaction was treated as a reverse merger with GreenVolt Corp
being the survivor. The financial statements included herein are those of
GreenVolt Corp.

II.     THE GREENVOLT TRANSACTION

        On July 29, 2000 (Effective July 1, 2000), the Company acquired all of
the outstanding Common Shares of GreenVolt, Corp., an Ontario, Canada
corporation ("GreenVolt"), in a stock for stock exchange wherein the Company
issued 12,435,240 shares of its Common Stock to the existing shareholders of
GreenVolt, in exchange for 100% of their GreenVolt shares, making GreenVolt
Corp. a wholly-owned subsidiary of GreenVolt Power Corp. (the "Company").

        As a part of the transaction whereby the Company acquired GreenVolt,
four existing shareholders of Beck & Co., Messrs. Larry Beck, the then Chief
Executive Officer and Sole Director of the Company, Douglas Madden, James
Evans and Ms. Valerie King, contributed back to Beck & Co. and canceled for no
consideration, a total of 9,600,000 shares of Beck & Co.'s outstanding Common
Stock owned by them.  In connection with the transaction, investment banking
fees were paid to a consultant who assisted in negotiating the deal in the
form of the issuance by Beck of 600,000 new restricted shares of Common Stock
to the consultant.

        As a result of this transaction, Beck acquired GreenVolt as a wholly-
owned subsidiary and the former shareholders of GreenVolt in the aggregate
acquired control of Beck.  The old shareholders of Beck continued to hold
5,617,500 shares or 30.1% of the Company's outstanding Stock, South Bay
Capital, Inc., the consultant involved in the transaction, was issued 600,000
shares, or 3.22% of the Company's Common Stock, the five former shareholders
of GreenVolt, Messrs. Thomas Faul, John Munro, George Coventry, Douglas Carr
and Ulrich Kretchsmar were issued in the aggregate 12,435,240 shares,
representing 66.6% of Beck & Co.'s outstanding Common Stock.

        Effective as of July 29, 2000, the date of the GreenVolt acquisition
closing, the pre-existing Directors of the Registrant resigned as officers and
directors, and concurrently appointed the following individuals to fill the
vacancies and serve on Registrant's Board of Directors:

Thomas Faul      4055 Digby Drive, R.R. 2, Orillia, Ontario Canada L3V 6H2
John Munro       4055 Digby Drive, R.R. 2, Orillia, Ontario Canada L3V 6H2

On the same date, the following persons were appointed as replacement officers
to the following offices:

Thomas Faul      President and Chief Executive Officer
John Munro       Secretary, Treasurer and Chief Financial Officer

III.    THE BUSINESS OF THE COMPANY

A.  GreenVolt Power Corp.

        As a result of its acquisition of GreenVolt Corp. and the disposal of
its retail jewelry business, the business of the Company as of September 1,
2000, was the business carried on by its wholly-owned subsidiary, GreenVolt
Corp. (hereinafter "GreenVolt").

        Because GreenVolt is still in the research and development stage with
respect to its fuel cell technology, the following discussion is primarily
prospective, and discusses what GreenVolt's management plans to do.  There is
no assurance that GreenVolt will be successful in developing or
commercializing its fuel cell technology, or that it will be able to market
and sell its products once and if developed, or be able to sell its products
at prices which allow it to recoup its costs and generate a profit.

        There is also no assurance GreenVolt will be able to locate sufficient
capital, or on resonable terms, which will be required to complete development
of, and commercialization of the fuel cell technologies. There is no assurance
GreenVolt will ultimately prove profitable.


1.  Prior History of GreenVolt

        GreenVolt Corp. was incorporated in 1994 as Flint Energy Inc. to
develop ecologically improved power generation technology.  The initial
developments were systems for High Speed Flywheel Energy Storage.  The name of
the company was changed to Astris Technology Inc. to further develop Alkaline
Fuel Cells for home and stationary electrical power generation.  The name was
then changed to GreenVolt Corp. to better reflect the Fuel Cell as Green (not
being harmful to the environment) and Volt to reflect the electrical power).


2.  Fuel Cells

        Fuel Cells are electrochemical devices that like batteries generate
external electric current from internal chemical reactions.  Unlike batteries,
fuel cells continue to generate electricity as long as reagent "fuel" is
supplied to the electrodes.

        In a hydrogen-oxygen fuel cell, hydrogen gas (electron source) is
supplied to the anode and oxygen gas or air (electron sink) is supplied to the
cathode of the fuel cell.  Electrical contact between the electrodes within
the fuel cell is made by an electrolyte medium that conducts the ions formed
within the fuel cell during operation.  Externally, electrons flow between the
electrodes providing usable current.

        In a magnesium-air fuel cell, the magnesium metal (instead of
hydrogen) is the fuel that is supplied by fuel cell and the magnesium
generates power through a simple electrochemical reaction between the metal,
once placed in a saline solution, and oxygen from air. Electricity is produced
as the magnesium oxides in the solution.

        The cell consists of magnesium plates, a cathode and a saltwater
electrolyte. To recharge the cell when the magnesium is consumed, the plates
are replaced and more electrolyte is added. The magnesium contains a lot of
eneryg, is easily stored, non-combustible, non polluting and one of the most
inexpensive and abundant metals on earth. These advantages provide economic
and enviromental incentives for the commercial development of the fuel cell.

3.  The GreenVolt Fuel Cells Under Development

        During the twelve months ending June 30, 2001 GreenVolt undertook a
development program to improve the existing technology for the potential
commercialization of alkaline fuel cells and in particular the development of
superior, low cost electrodes. The development program undertaken was unable
to measurably improve on the existing technology and the management of the
Company therefore decided that due to the early stage of the fuel cell market
and the significant amount of money required to continue with the development
of the alkaline fuel cell program, that it would not continue to invest more
resources and management time in the alkaline fuel cell technology until such
time as the company is better capitalized. The corporation's business and
technology development plans are now focused on the acquisition and
development of other fuel cell technologies that are more technically and
commercially advanced.

        The Company is now focused on acquiring and developing a 12 volt
Magnesium/Air/Salt-Water Fuel Cell (hereinafter "MASWFC"), as described above
in section 2 "fuel cells".  Mr. Thomas Faul is conducting the Research &
Development activities of the company on a gratuitous basis. Mr. John Munro is
continuing to provide accounting services on a gratuitous basis.

4.  Market

        The principal markets for MASWFC are broad based and include areas
that require a supply of 12 volt DC power to any appliance or device.  These
areas include power supply units for portable, remote location, marine and
recreational vehicles and would be of particular interest to marine, outdoor
and recreational vehicle users and those that require emergency and backup
power supplies for communication equipment, buildings and  construction sites.

5.  Variations in size of the MASWFC.

        Currently the Company is hoping to acquire and develop a 12 Volt DC, 5
Amperes MASWFC unit, which is a popular commercial size.  Once a demand for
other sizes has been identified and established, the Company will research and
if practical develop a product for each particular market size so identified.

6.  Magnesium Production

        Magnesium is the most abundant and inexpensive light metal known to
man and is easily recovered and converted into usable fuel for the MASWFC.

7.  Source of Fuel Cell Technology

        The Company is hoping to develop MASWFC technology based upon
improving existing MASWFC technology with increased power output and
efficiency at a lower cost per unit. The corporation is negotiating the
acquisition of manufacturing and technology rights, which will include
technology sharing, patent protection and territorial rights, in return for as
of yet unknown royalty payments.

8.  Competition

        "Fuel Cells 2000" (www.fuelcells.org/fcdevel.html) lists some 370 fuel
cell research operations and companies, not including several more of which
management of GreenVolt is aware, the bulk of which are likely far better
capitalized than is the Company.  Most of this fuel cell activity is focused
upon proton exchange membrane fuel cell technology with a few companies
working on alkaline and other types of fuel cells.

        The Company is aware that a few other companies are working on the
development of metal/air fuel cells.

9.  Operating Assets

        The Company's primary assets are all held by its wholly-owned
subsidiary, GreenVolt Corp.

Research and development costs have been expensed as they have been incurred.

10.  Patents, Copyrights and Trademarks

The Company and its wholly-owned subsidiary currently hold no copyrights,
patents or trademarks.

Additional innovative features developed as a result or the Companies own
Research and Development will be subject to patent application as they are
developed.

11.  Research and Development Activities

        In the twelve months ending June 30, 2001, the Company expended in
excess of US $50,023.00 on research and development.

        The Company anticipates expending additional material amounts in the
development of the MASWFC technology in the future. Currently all work
performed for the company is on a gratuitous basis. The availability, source
and terms for new capital which will be required to complete this development
are uncertain at this time, and there is no assurance the Company will be
successful in raising the necessary capital, or raising the capital on
favorable terms.

12.  Government Regulation and Environmental Concerns

        At the present time, the Company is not required to seek the review of
any local, state, federal or international regulatory body in connection with
its development activities.

        The MASWFC do not discharge any harmful materials into the environment
and thus there are no known environmental regulations that the Company will be
subject to.

13.  Seasonal Factors

        The Company is not able to make a comment at this time.

14.   Costs and Effects of Compliance with Environmental Laws.

        The Company is not currently engaged in any business which would
require compliance with Federal or State environmental agencies, rules and
regulations.

15.  Vendors

There are no single source vendors, and the Company is not dependent on any
particular vendor.

16.  Raw Materials

        All raw materials are currently available in the market place.  The
materials are available in international markets, as well as the domestic
market.

17.  Capital

        On April 12, 2000, GreenVolt entered into a letter of understanding to
borrow up to US $76,000.00 and the terms of this loan are currently being
negotiated between the Compnay and the lenders. This loan commitment was fully
funded during the twelve months ending June 30, of 2001.  Additional funds
from the same source, were also committed and received by the Company for a
grand total of US $285,023 dollars. The Company and the lender are still
discussing the terms of the whole loan advance including the original
understanding for the US $76,000 which is also part of the overall negotiation
of terms for this debt. Certain shareholders of the company have commited to
provide minimum working capital to fund the limited operations of the Company.

        The Company's capital is currently insufficient to conduct its
business.  If it is unable to obtain additional capital, the Company will be
unable to complete development of its fuel cell technology.  The sources,
availability and terms for additional capital to sustain the Company's
operations are unknown at this date, and there is no assurance the Company
will be able to locate sufficient capital to carry forward its business and
implement its business plan.

18.  Employees

        The Company has two officers performing at no fee for various services.

19.  Going Concern Assumption in Auditor's Report

        The Company's independent auditors, have assumed in connection with
rendering thier Independent Auditors Report, that the Company will continue as
a going concern, noting "The Company is a development stage company with no
significant operating results to date, which raises substantial doubt about
its ability to continue as a going concern."

ITEM 2.  DESCRIPTION OF PROPERTY

        The Company has corporate and administrative offices, and a small
research facility on a rent free basis in the home of Thomas Faul, its
President, and in a small work shop building separately located on his
property, in Orillia, Ontario.  Management believes its facility is adequate
for the Company's current level of operations, but anticipates leasing
facilities once additional capital is obtained.

ITEM 3.     LEGAL PROCEEDINGS

        There is no litigation outstanding, and management is not aware of any
potential claims, which might be asserted.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        None.



PART II

ITEM 5.   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

        A.   Market Information.

        The Company's Common Stock traded over-the-counter on the NASD
Bulletin Board Market under the symbol "BCKC" during the fourth quarter of its
1999/2000 fiscal year, and under the symbol "GVLT" since September 20, 2000.
The closing sales price for the Company's shares as of November 1, 2001, was
$0.05.

        Set forth below is the high and low bid information for the Company's
Common Stock for the last quarterly period

        Period                   High    Low
        ----------------         ----    ----
        4th Quarter 2001         0.18    0.05


        At November 1, 2001, the Company had approximately 75 Shareholders of
record.

        The Company has not paid a dividend since its incorporation, and
management does not anticipate the Company will pay dividends in the near
future.

B. Sales of Unregistered Securities from inception through September 1, 2000.

<table>
<caption>

       <c>                          <c>                         <c>                 <c>

          Amount of Common             Class of Persons            Total               Total
  Date    Stock Sold                   to Whom Sold                Offering Price      Commission      Exemption
------    ------------------           -----------------------     ----------------    ----------      -------------------
  4/98    10,000,000                   Chief Executive Officer     For services           0            Rule 504 & Sec.4(2)
                                                                   rendered valued
                                                                   at $45,950
  4/98     5,000,000                   Accredited Investors        $500                   0            Rule 504 & Sec.4(2)
  6/98        70,000                   Accredited Investors        $7000                  0            Rule 504 & Sec.4(2)
  3/99       147,500                   Accredited investors        $14,750                0            Rule 504 & Sec.4(2)
  7/00    12,435,240                   Shareholders of             $124,352(1)            0            Sec.4(2)
                                       GreenVolt Corp.
  7/00       600,000                   Accredited Investor         $6,000                 0            Sec.4(2)
                                       or consulting services
  11/00     5,000                      Consultant                  $ 5,000                0
  09/01   200,000                      Consultant                  $11,283                0            x4(2)

</table>


(1) The offering price was paid in the form of the exchange and transfer to
the Company of 100% of the outstanding Capital Stock of GreenVolt Corp.


ITEM 6:  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operations

Fiscal Years Ended June 30, 2001 and from Inception on April 15, 1998 through
June 30, 2001 (audited).

The Company ended its jewelry business effective with the close of business on
June 30, 2000 and since there were no new products to market the net sales of
the Company for the fiscal year ended June 30, 2001 were US $0.00 compared to
$0.00 for the fiscal year ended June 30, 2000 and $97,334. The cost of sales
was $0.00 for the fiscal period year ended June 30, 2001 and $0.00 for the
fiscal year ended June 30, 2000, respectively resulting in a gross margin for
the fiscal year ending June 30, 2001 $0.00 for the fiscal year ended 2000 of
$0.00.

The Company incurred operating expenses, including research and development
costs of $389,084 for the fiscal year ended June 30, 2001, $507,136 for the
fiscal year ended June 30, 2000. The operating expenses for all periods
resulted primarily from research and development, general corporate
administration, legal and professional expenses, consulting fees, accounting
and auditing costs.

As a result of the foregoing factors, the Company realized a net loss of
$389,084 for the year ended June 30, 2001, $564,625 for the year ended June 30,
2000.

Liquidity and Capital Resources for the Year Ended June 30, 2001

At June 30, 2001, the Company had a working capital deficit of $408,110 as
compared to working capital deficit of $43,149 at June 30, 2000.  The working
capital deficit resulted primarily from accrued consultant fees, unpaid
professional fees and advances by venture capital bankers. The Company's
capital was obtained from loan advances  totaling $285,023 to the Company from
an investment banking group. The whole of the loan amount including the
commitment loan of US $50,023 is currently under negotiation as to terms and
conditions by the lenders and the company. There is no assurance that any of
these funds advanced by the investment bankers  will be repaid unless the
Company is able to raise sufficient new capital.

With the change in management and corporate direction in July 2000, the
Company, in September 2000 discontinued the retail jewelry business that it
had previously been involved in distributed the assets and liabilities of the
jewelry business to Larry Beck, a former director of the company. The Company
is now focusing all of its business efforts on the development of new fuel
cell technologies and in particular the MASWFC. Management is now seeking
sources of debt and/or equity capital in order to further capitalize and fund
the development of MASWFC technology. The Company has not identified any
potential sources of debt or equity financing and cannot predict whether any
such financing will in fact be obtained by the Company or on what terms. There
is also no assurance that the Company will be successful in developing and
commercializing any fuel cells technologies.

Disclosure Regarding Forward-Looking Statements.  The statements contained in
this Form 10-KSB Report that are not historical facts are "forward-looking
statements" and can be identified by the use of forward-looking terminology
such as "believes", "expects", "may", "will", "should", "intends" or
"anticipates" or the negative thereof or other variations thereon or
comparable terminology, or by discussions of strategy that involve risks and
uncertainties.  Such forward-looking information involves important risks and
uncertainties that could significantly affect expected results in the future
from those expressed in any forward-looking statements made herein.

The Company does not promise to update forward-looking information to reflect
actual results or changes in assumptions or other factors that could affect
those statements.  Persons reading this Form 10-KSB Report are cautioned that
such statements are only predictions and that actual events or results may
differ materially.  In evaluating such statements, readers should specifically
consider all the various factors which could cause actual events or results to
differ materially from those indicated by such forward-looking statements.

ITEM 7.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

        The audited Financial Statements and related Notes and Schedules of
GreenVolt Power Corp., including the balance sheets at June 30, 2001 and the
related statements of operations, shareholders' equity (deficit), and cash
flows for the year ended June 30, 2001 and 2000, and from inception on April
14, 1998 through June 30, 2001, included elsewhere in this report, have been
so included in reliance on the report of Good Swartz Brown & Bern, LLC, for
the period ending June 30, 2001 and Hollander Lumer, LLP. for the period
ending June 30, 2000 independent certified public accountants, given on the
authority of such firm as experts in auditing and accounting.



                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                             CONSOLIDATED BALANCE SHEETS
                               JUNE 30, 2001 AND 2000

<table>
<caption>

                                                         <c>                <c>

                                                                2001              2000

CURRENT ASSETS
Cash and cash equivalents                                   $    8,094        $        1
Prepaid value added tax                                            937             1,278
Due from related parties                                             -             2,237
Advances for fuel cell development                                   -            14,466
TOTAL CURRENT ASSETS                                             9,031            17,982
DEPOSITS                                                           990                 -
                                                            $   10,021        $   17,982

LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable and accrued expenses                       $  130,260        $      -
Notes payable - related party                                    2,500             2,500
Advances from third party                                      284,182            40,434
Due to officer                                                     199             1,611
TOTAL LIABILITIES                                              417,141            44,545
NET LIABILITIES OF DISCONTINUED OPERATIONS                           -            16,586
SHAREHOLDERS' DEFICIT
Common stock, $.001 par value; authorized - 200,000,000
shares; issued and outstanding - 18,657,740 shares
on June 30, 2001 and 18,653,500 on June 30, 2000                18,658            18,653
Additional paid in capital                                     629,588           624,593
Deficit accumulated during the development stage            (1,056,455)         (686,157)
Accumulated other comprehensive expense                          1,089              (238)
TOTAL SHAREHOLDERS' DEFICIT                                   (407,120)          (43,149)
                                                            $   10,021        $   17,982

See notes to consolidated financial statements

</table>

                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                               JUNE 30, 2001 AND 2000
<table>
<caption>

                                                   <c>            <c>             <c>

                                                                                     From Inception
                                                                                     April 14, 1998
                                                       June 30,       June 30,             to
                                                        2001           2000          June 30, 2001

REVENUES                                            $       -       $       -        $          -

EXPENSES
General and administrative                            314,823         507,136             881,623
Research and development                               74,261          57,489             131,750
TOTAL EXPENSES                                        389,084         564,625           1,013,373
LOSS FROM CONTINUING OPERATIONS                      (389,084)       (564,625)         (1,013,373)
LOSS FROM DISCONTINUED OF OPERATIONS
Gain on disposition of discontinued operations         20,251               -              20,251
Loss from operations of discontinued business          (1,465)        (61,868)            (63,333)
TOTAL GAIN FROM DISCONTINUED OPERATIONS                18,786         (61,868)            (43,082)
NET LOSS                                             (370,298)       (626,493)         (1,056,455)
OTHER COMPREHENSIVE INCOME (EXPENSE)
Foreign currency translation adjustment                 1,327            (238)              1,089
 COMPREHENSIVE LOSS                                 $(368,971)      $(626,731)        $(1,055,366)
 WEIGHTED AVERAGE NUMBER OF COMMON SHARES          18,657,740      18,653,500          15,742,826
 LOSS PER SHARE                                        $(0.02)         $(0.03)             $(0.07)


See notes to consolidated financial statements

</table>

                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                            STATEMENT OF OWNER'S EQUITY

<table>
<caption>

                                                   <c>                   <c>                 <c>

                                                               Common Stock                         Additional
                                                       Shares                Amount              Paid in Capital
 Issuance of common stock for services
      at $.005 per share                             10,000,000              $10,000                  $35,950

 Issuance of common stock for cash
      at $.001 per share                              5,000,000                5,000                   (4,500)

 Issuance of common stock for cash
      at $.010 per share                                 70,000                   70                    6,930

 Net loss from inception on April 14, 1998
      through June 30, 1998
                                                     ----------              -------                  -------
 Balance, June 30, 1998                              15,070,000               15,070                   38,380

 Issuance of common stock for cash
      at $.010 per share                                147,500                  148                   14,602

 Receipt of stock subscription

 Net loss for the year ended June 30, 1999
                                                     ----------              -------                  -------
 Balance, June 30, 1999                              15,217,500               15,218                   52,982

 Cancellation of common stock                        (9,600,000)              (9,600)                   9,600

 Issuance of common stock in exchange
 for common stock of Greenvolt Corp.                 12,435,240               12,435                  562,011

 Issuance of common stock for services                  600,000                  600

 Foreign currency translation adjustment

 Net loss for the year ended June 30, 2000
                                                     ----------              -------                  -------
 Balance, June 30, 2000                              18,652,740               18,653                  624,593

 Issuance of common stock for services                    5,000                    5                    4,995

 Foreign currency translation adjustment

 Net loss for the year ended June 31, 2001

 Balance, June 30, 2001                              18,657,740              $18,658                 $629,588

</table>


                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                       STATEMENT OF OWNER'S EQUITY (continued)

<table>
<caption>

                                                  <c>                   <c>                <c>
                                                                               Other           During the
                                                      Subscription         Comprehensive       Development
                                                       Receivable             Expense             Stage            Total
 Issuance of common stock for services
      at $.005 per share                                $(37,200)                                                 $8,750

 Issuance of common stock for cash
      at $.001 per share                                                                                             500

 Issuance of common stock for cash
      at $.010 per share                                                                                           7,000

 Net loss from inception on April 14, 1998
      through June 30, 1998                                                                        (8,332)        (8,332)
                                                       ---------            --------             --------        -------
 Balance, June 30, 1998                                  (37,200)                  -               (8,332)         7,918

 Issuance of common stock for cash
      at $.010 per share                                                                                          14,750

 Receipt of stock subscription                            37,200                                                  37,200

 Net loss for the year ended June 30, 1999                                                        (51,332)       (51,332)
                                                       ---------            --------             --------        -------
 Balance, June 30, 1999                                        -                   -              (59,664)         8,536

 Cancellation of common stock                                                                                          -

 Issuance of common stock in exchange
 for common stock of Greenvolt Corp.                                            (414)                            574,032

 Issuance of common stock for services                                                                               600

 Foreign currency translation adjustment                                         176                                 176

 Net loss for the year ended June 30, 2000                                                       (626,493)      (626,493)
                                                       ---------            --------             --------        -------
 Balance, June 30, 2000                                        -                (238)            (686,157)       (43,149)

 Issuance of common stock for services                                                                             5,000

 Foreign currency translation adjustment                                       1,327                               1,327

 Net loss for the year ended June 31, 2001                                                       (370,298)      (370,298)

 Balance, June 30, 2001                                $       -              $1,089          $(1,056,455)     $(407,120)

</table>


                               GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                        CONSOLIDATED STATEMENTS OF CASH FLOWS
                         YEARS ENDED JUNE 30, 2001 AND 2000
<table>
<caption>

                                                     <c>             <c>              <c>

                                                                                         Cumulative
                                                                                         From Inception
                                                                                         April 14, 1998
                                                          June 30,        June 30,             to
                                                          2001            2000           June 30, 2001
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                $(370,298)      $(626,493)         $(994,291)
Adjustments:
Foreign currency translation adjustment                     1,327            (238)             1,089
Fair value of services rendered                             5,000                              5,000
Reverse acquisition                                                       583,582            583,582
Changes in operating assets and liabilities:
   Net liabilities of discontinued operations            (16,586)          16,586                  -
Accounts payable and accrued expenses                    130,260                -            130,260
Note payable - related party
Prepaid value added tax                                      341           (1,278)              (937)
Advances for fuel cell development                        14,466          (14,466)                 -
Deposit                                                     (990)               -               (990)
Due to officer                                            (1,412)           4,111                199
NET CASH USED IN OPERATING ACTIVITIES                   (237,892)         (38,196)          (276,088)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment                            -                -                  -
Advance to related parties                                                 (2,237)            (2,237)
Repayment from related parties                             2,237                -              2,237
NET CASH USED IN INVESTING ACTIVITIES                      2,237           (2,237)                 -

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from third party                                243,748           40,434            284,182
Proceeds from issuance of common stock                         -                -                  -
NET CASH PROVIDED BY FINANCING ACTIVITIES                243,748           40,434            284,182
NET INCREASE (DECREASE) IN CASH                            8,093                1              8,094
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR               1                -                  -
CASH AND CASH EQUIVALENTS, END OF THE YEAR                $8,094               $1             $8,094


See notes to consolidated financial statements

</table>


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

        None.


PART III


ITEM 9.
DIRECTORS AND EXECUTIVE OFFICERS

<table>
<caption>

                     <c>       <c>                             <c>

Name                    Age       Position                        Since
--------------          ---       --------------------------      -------
Thomas Faul             77        President, Chief Executive      7/29/00
                                  Officer

John Munro              60        Chief Financial Officer,        7/29/00
                                  Treasurer, Secretary
                                   and a Director

Ulrich Kretschmar       58        Director, Vice President        9/27/00
                                   - Science
</table>

        The Directors serve until the next annual meeting of shareholders, or
until their successors are elected.

Mr. Thomas Faul/President and a Director

        Thomas Faul, the President and a Director of GreenVolt Power Corp.,
has been an independent product design and development consultant since 1960.
Mr. Faul specialized in automotive, marine and computer controlled equipment.
International clients include Skoda (Czech Republic), Oerlikon Machine Tools
(Switzerland), Audi (Germany), Nestler Corporation (Germany), Carver Yacht
(USA), Century Boat (USA), Dominion Auto Accessaries (Canada), and Otaco
Seating (Canada).  Mr. Faul is one of the founders of Carver Yacht Co. Of
Pulaski, Wisconsin, Faul Coradi Inc. of Skaneateles, New York, and Teckserve
Limited,, of Orillia, Ontario, as well as a number of other companies.  Mr.
Faul has his P. Engineering from  Professional Engineers of Ontario, his
B.A.Sc. from the University of Toronto, and his M.A.Sc. from University of
Toronto.

Mr. John Munro/Secretary, Treasurer and Chief Financial Officer

        John Munro, the Secretary, Treasurer and Chief Financial Officer.
Since 1987 Mr. Munro has maintained a private consulting practice,
administered a number of trusts, and has acted as Interim Financial Officer
for various clients as well as a volunteer board member for a local charity.
Between 1961 and 1987, Mr. Munro worked with Syme, Ayers & Co., Coopers &
Lybrand, North American Insurance Co., Arawak Trust Company, Brown Brothers
Harriman & Co., Hughes Containers Limited, and Monarch Propane Limited, where
he served as Director of Finance and Administration.  Mr. Munro has a C.A.
Degree from the Institute of Chartered Accountants of Ontario.

Dr. Ulrich Kretschmar, Director

        Ulrich Kretschmar, Director.  Dr. Kretschmar obtained his Bachelor of
Science and Masters Degree from McMaster University in Hamilton Ontario, and
in 1973 received his Ph.D. from the University of Toronto.  Dr. Kretschmar
specialized in mineral phase chemistry and electrochemistry for his Ph.D.

        Dr. Kretschmar's consulting practice client list includes Noranda,
International Pul and Paper, the Federal Government of Canada, the Federal
Government of Guyana, and the Provincial Government of Ontario.  He has also
been a consultant for the International Development and Research Center of
Canada and the Commonwealth Science Council of London England.

        Dr. Kretschmar is fluent in German, French, Spanish, and has
translated Norwegian, Swedish, Dutch, Romanian, Italian and Portuguese
scientific papers into English.


ITEM 10. EXECUTIVE COMPENSATION

        The following table sets forth the annual compensation paid and
accrued by the Company during its last three fiscal years to its Chief
Executive Officer.  No other executive officer received annual salary and
bonus in excess of $100,000.

<table>
<caption>
                   Summary Long-Term Compensation

                 <c>           <c>                  <c>            <c>         <c>
Name/Position       Year      Restricted stock      Options/SARS      LTPI      All other
                                  Award               (#)(1)          Payout    compensation
                                   ($)                                ($)           ($)
Thomas Faul
 Chairman/CEO       2001         21,000                  0             0             0
                    2000              0                  0             0             0

</table>

Employment Contracts

        Mr. Thomas Faul does not currently have an employment contract with
the Company and the Company does not currently have any employment contract
with any other individuals or consultants.

ITEM 11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

        The following table sets forth information regarding beneficial
ownership as of November 1, 2001, of the Company's Common Stock, by any person
who is known to the Company to be the beneficial owner of more than 5% of the
Company's voting securities, and by each director, and by officers and
directors of the Company as a group.

                                        Beneficial             Percentage
Name and Address                        Ownership               of Class(1)

Thomas Faul                             10,446,240                56%
4055 Digby Drive(1)
R.R. 2
Orillia, Ontario L3V 6H2

John Munro                                 932,700                 5%
25739 Warden Ave.,
R. R. # 3
Sutton, ON  L0E 1R0

Ulrich Kretchmar                            62,500
408 Bay St.,
Orillia, ON L3V 3X4


All current directors and
officers as a group (3 persons)


        The Company knows of no arrangements, including any pledge by any
person of securities of the Company, the operation of which may at a
subsequent date result in a change in control of the Company.

        All reports required under Section 16(a) are believed to have been
timely filed by the officers, directors and 10% shareholders of the stock of
the Company.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


(A) Related Transactions

        None


ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K


I       Exhibits

                (1)     Audited Financial Statements and Related Notes and
Balance Sheets at June 30, 2001, and the Related Statements of Operations,
Stockholders' Equity (deficit) and Cash Flows for the Years Ended June 30,
2001 and 2000, and from inception on April 15, 1998 through June 30, 2001.

II      (2)     Plan and Agreement of Reorganization by Exchange by and
between Beck & co. and GreenVolt Corp.*

(3)     (i)     Articles of Incorporation*

(ii)    Bylaws*

                (11)    Statement re: Computation of Per Share Earnings

(21)    Subsidiaries of Registrant:

                                GreenVolt Corp., an Ontario corporation
                                4055 Digby Drive
                                Orillia, Ontario, Canada L3V 6H2

        (b)     No reports on Form 8-K were filed during the last quarter of
the period covered by this report.

*Incorporated by reference to Registrant's From 10-SB filed on July 6,
1999.


SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                               GREENVOLT POWER CORP.

                                               /s/ Thomas Faul
                                               --------------------------
                                               Thomas Faul, President and
                                               Chief Executive Officer

                                               /s/ John Munro
                                               --------------------------
                                               John Munro
Date: November 1, 2001                         Chief Financial Officer


In accordance with the Securities Exchange Act of 1934, this report has been
duly signed below by the following persons on behalf of the Registrant and in
the capacities and on the dates indicated.

<table>
<caption>

                        <c>                                     <c>
Signature                  Title                                   Date
------------------         ----------------------------------      -----------------

/s/ Thomas Faul            Chief Executive Officer, President     November 12, 2001
-----------------          and a Director
    Thomas Faul



/s/ John Munro             Chief Financial Officer, Secretary,    November 12, 2001
-----------------          Treasurer and a Director
    John Munro



/s/ Ulrich Kretschmar      Director                                November 12, 2001
---------------------
    Ulrich Kretschmar

</table>