Exhibit 10.7

                                 ENERGY CONSUMER
                    SHARED ENERGY SAVINGS AGREEMENT ("SESA")

This SHARED ENERGY SAVINGS  AGREEMENT  ("AGREEMENT") is entered into on the date
executed herein below by and between NECO ENERGY CORPORATION ("NECO") and Andrew
Martin Company ("ENERGY CONSUMER").

1.   Energy  Consumer wishes to reduce peak energy and peak demand charges along
     with lowering  thermal  energy  costs.  Energy  Consumer  agrees to consume
     energy  produced  by  NECO   Electro-Thermo   Solar  Generator   equipment,
     sub-systems,  recording  meters and  interconnect  facilities  (the  "SOLAR
     GENERATOR"). This Agreement sets forth the Terms and Conditions for sharing
     energy savings for a five (5) year Term (the "FIRST TERM") between NECO and
     Energy Consumer.

2.   This Agreement  enables the Energy  Consumer to reduce electric and thermal
     energy  costs 20% by sharing the  savings of energy  produced by NECO Solar
     Generator with NECO.

3.   The Energy Consumer will save 20% of their costs for energy produced by the
     Solar Generator and NECO, as the energy provider,  will receive 80% of what
     the Energy  Consumer  would have normally  paid for delivered  electric and
     thermal energy used at the Energy Consumer facility ("SITE").

4.   NECO  agrees at the end of the First Term to extend this  Agreement  for an
     additional five (5) year Term (the "SECOND TERM").  The Second Term will be
     negotiated to provide even greater savings to the Energy Consumer.

5.   Energy  Consumer  agrees it shall at all times  during the First and Second
     Term (and/or Third Term if applicable) of this Agreement  provide  adequate
     space at Energy  Consumers Site for the Solar  Generator at no cost to NECO
     along with full access by NECO, or by the Original  Equipment  Manufacturer
     ("OEM"), to its Solar Generator. Energy Consumer must maintain Site control
     during each Term of this  Agreement.  If Energy  Consumer  does not own the
     Site where the Solar  Generator is to be  installed,  Energy  Consumer must
     provide  NECO a  Landlord  Waiver  and  Consent  Agreement  between  Energy
     Consumer and Landlord (See Exhibit A).

6.   NECO agrees to install the Solar  Generator  at its sole expense and obtain
     all government  permits and  interconnect  agreements  with the local power
     company. (Exhibit B, NECO Solar Generator Equipment List).

7.   Energy  Consumer  agrees that all rights,  title and ownership of the Solar
     Generator  are the personal and  identifiable  property of MegaWatt  Energy
     Corporation and NECO.  Energy Consumer shall not create any claims,  liens,
     damages or encumbrances against the Solar Generator. NECO, acting on behalf
     of itself and OEM, and Energy Consumer agree to hold each other, separately
     and  individually  harmless from any and all loss,  claims,  damages and/or
     actions caused by either party. NECO shall provide liability  insurance for
     the Solar Generator.

8.   Energy  Consumer  agrees to promptly  pay all invoices  received  from NECO
     calculated  from meter readings at Energy  Consumer Site.  Payments are due
     NECO from Energy Consumer no later than fifteen (15) days after NECO energy
     billing Due Date (the "Payment").  A billing  statement example is attached
     as Exhibit C. The  billing  statement  will  break  down the  electric  and
     thermal energy delivered and consumed from the Solar Generator.  The Energy
     Consumer  shall receive 20% of the savings from their energy costs and NECO
     80% of the remaining savings as the energy provider.

9.   In the event of Payment Default, Energy Consumer agrees NECO and/or the OEM
     has the right to (a) enter  Energy  Consumer  Site during  normal  business
     hours and (b)  remove  the Solar  Generator  and (c)  institute  collection
     proceedings.  See Exhibit B, Solar Generator  Equipment List and Exhibit A,
     Landlord Waiver.

10.  Any dispute, controversy or claim arising under, out of or relating to this
     Agreement and subsequent  amendments  thereof are  hereinafter  referred as
     "the  Dispute" and shall be submitted to Mediation in  accordance  with the
     Rules of Mediation of the American Arbitration Association. See Definitions
     attached to and a part of this Agreement.

11.  Energy  Consumer  and NECO agree that this  Agreement  may be  assigned  by
     either party with a 90 day advance  written  notice and that this Agreement
     shall have binding effect upon assignees.

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12.  Invoices  paid by Energy  Consumer to NECO for  delivered  electricity  are
     based  upon the  number  of  kilowatt  hours  delivered  by the NECO  Solar
     Generator and consumed by Energy  Consumer at costs Energy  Consumer  would
     have  normally  paid for  electricity  delivered  from the grid,  including
     demand  charges,  time of day use (where  applicable)  and other charges as
     normally found on Energy Consumers power company billing  statements,  less
     20% during the First Term.  Second and Third Terms are to be  negotiated at
     even greater savings.

13.  Rates paid by Energy  Consumer  to NECO for  delivered  thermal  energy are
     based upon the number of Therms or BTU's used by Energy  Consumer  at rates
     Energy Consumer have normally paid for thermal energy, including surcharges
     if any, and including  boiler  inefficiency  (where  applicable)  and other
     charges as normally found on Energy Consumers  thermal billing  statements,
     less 20% during the First Term.  Second and Third Terms are  negotiated  at
     even greater savings.

14.  NECO reserves the right to sell any available energy not consumed by Energy
     Consumer to Third Parties. See Definitions which are a part and attached to
     this Agreement.

15.  Commencement and Termination:  This Agreement and commencement of the first
     sixty (60) month First Term shall become effective as of the date the Solar
     Generator is installed and accepted by Energy Consumer:

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Initials:                         (on day of  acceptance) and  shall continue in
         ----------  ----------   full force and effect  for sixty  (60) months.
                                  The First Term shall terminate on:

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or until the final day of the  Second or Third  Term (if  applicable),  at which
time this Agreement  shall  terminate.  Energy Consumer and NECO hereby agree to
this  Agreement and its attached  Exhibits under the Principle of Mutual Benefit
and for the benefit of the environment.

IN WITNESS WHEREOF,  Energy Consumer and NECO have executed this Agreement as of
this 9th day of March,  2003 in the City of San  Pedro,  County of Los  Angeles,
State of California.

ENERGY CONSUMER                             NECO


By:                                         By:
    -----------------------------------         --------------------------------
    Cliff Miller                                Tor Ewald, Secretary/Treasurer
                                                NECO Energy Corporation
                                                5580 La Jolla Blvd., Suite 506
It's                                            La Jolla CA 92037-7651
     ----------------------------------
     Print
Andrew Martin Company
16539 South Main St.
Gardena, CA 90248

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                                   DEFINITIONS
            ENERGY CONSUMER SHARED ENERGY SAVINGS AGREEMENT ("SESA")
        THESE DEFINITIONS ARE HEREBY ATTACHED TO AND A PART OF THIS SESA

BOILER  INEFFICIENCY:  Boiler inefficiency loss equals  approximately 25% due to
the heat loss going up the exhaust stack.

DELIVERED  ENERGY:  Billings  and savings are based on energy  delivered  to the
Energy  Consumer from the NECO Solar  Generator.  The Energy Consumer still pays
normal  prices on  energy  consumed  which is not  delivered  by the NECO  Solar
Generator.

EXCESS ENERGY: In the event Energy Consumer does not require energy at a certain
time of day or does not require thermal energy,  NECO reserves the right to sell
any excess energy to third parties.

SESA:  Shared Energy  Savings  Agreement  between NECO or third party and Energy
Consumer.

DISPUTES: Any Dispute, controversy or claim arising under, out of or relating to
this SESA (and  subsequent  amendments  thereof) its valid  conclusion,  binding
effect,  interpretation,  performance,  breach or  termination,  including  tort
claims  (hereinafter  referred  to as  "the  Dispute")  shall  be  submitted  to
Mediation in accordance with the Rules of the American  Arbitration  Association
in force at the time of initiating the mediation  procedure.  If the Dispute has
not been settled  pursuant to the Mediation  procedure within sixty (60) days of
the initiation of the Mediation,  or if either party will not participate in the
Mediation,   the  Dispute  shall  be  referred  to  and  finally  determined  by
arbitration in accordance  with the Rules of  Arbitration  of the  International
Chamber of  commerce  in force  when  initiating  the  arbitral  procedure.  The
arbitral  tribunal shall consist of a sole arbitrator.  The place of arbitration
shall  be San  Diego,  CA,  U.S.A.  The  Language  to be  used  in the  arbitral
proceedings shall be English. All disputes,  controversies or claims referred to
arbitration including those on any statute of limitations,  set-off claims, tort
claims  and  interest  claims  shall  be  governed  by  the  substantive  law fo
California, U.S.A.

INVOICES: Invoices are billing statements provided to Energy Consumer by NECO on
a regular basis commencing the first day of every other month (bi-monthly).  The
billing  will break down the energy  consumed and allocate 20% of the savings to
the Energy Consumer and 80% of the savings to NECO.

NECO: NECO Energy  Corporation.  A publicly traded  corporation  incorporated in
California for the purpose of acquiring and having installed Solar Generators in
order to share in the savings of energy produced from said Solar Generators with
Energy  Consumers.   The  Solar  Generators  are  produced  by  MegaWatt  Energy
Corporation  ("MEC")s which is the Original  Equipment  Manufacturer.  MEC shall
install the Solar Generators.

OEM: Original  Equipment  Manufacturer  (MEC) that provides factory financing to
NECO.

PAYMENT  DEFAULT:  Energy  Consumer shall be in default if payment for delivered
energy is not  received  by NECO  fifteen  (15) days  after  the  Billing  Date.
Billings shall be sent by U.S. Mail to Energy Consumer in advance of the Billing
Date.

ENERGY  CONSUMER(S)  SITE:  The site or location  where the Solar  Generator  is
installed.

RECORDING  METERS:  Are  placed  at  convenient  locations.  There  are  two (2)
recording meters:  (1) a kilowatt hour meter and (2) a thermal B.T.U.  recording
meter.

SOLAR   GENERATOR:   The  identified   components  of  the  High   Concentration
Photovoltaic Electro-Thermo Solar Generator,  sub-systems,  recording meters and
interconnect facilities installed at and upon Energy Consumers Site.

UCC-1:  OEM will record a Form UCC-1 with the State of California for this Solar
Equipment as owner.

UNITS OF MEASURE: 1 kilowatt: 1000 watts; 1 Therm: 100,000 B.T.U

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                                    EXHIBIT B
                                 ENERGY CONSUMER
                         SHARED ENERGY SAVINGS AGREEMENT


                             NECO ENERGY CORPORATION

                                 EQUIPMENT LIST

The total number of NECO Solar Generator(s)  installed upon Energy Consumer Site
shall have a total rated energy  output  capacity of 300,000 watts and 2,500,000
British thermal units (Btu's).

Number of Solar Generators:     150    each rated at    2000   watts.
                            ----------               ----------

                  MODEL                                SERIAL NUMBER

               FLC 2000GA-T                            0101 thru 0251
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OTHER EQUIPMENT:

Inverter:                To be determined at time of installation
                         ----------------------------------------

Recording Meter:         To be determined at time of installation
                         ----------------------------------------

Interconnect Facilities:
                         ----------------------------------------

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Sub-Systems:             To be determined at time of installation
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