Subject: NEWPOWER LAUNCHES ONLINE ENERGY SAVING CENTER


FOR IMMEDIATE RELEASE                  NEWPOWER LAUNCHES ONLINE ENERGY SAVING CENTER   Residential Consumers And Small Businesses Can Learn How to Reduce Energy       Usage And Costs; Purchase Full Line Of Energy Efficient Products    PURCHASE, NY, October 29, 2001 ?
The New Power Company, the first national  residential and small business energy provider, today announced that it has  launched the Energy Saving Center, a group of online tools to help  residential consumers and small commercial businesses reduce energy usage  and costs.
The Energy Saving Center can be found on www.newpower.com    Key elements of the NewPower Energy Saving Center are the Home and Business  Analyzers.
These on-line audit tools, which are free to all  www.newpower.com visitors, provide a top-to-bottom analysis of energy  usage, and offer specific recommendations on behavior modification and  products that can save energy.
The products can then be purchased through  the Energy Efficient Products On-line Store    The Home Analyzer allows residential consumers to learn how much money  people in homes similar to theirs spend on energy.
They can also uncover  specific energy saving opportunities in their own homes.
Using the  Business Analyzer, small businesses can choose to analyze one facility or  multiple sites.
The tool examines each aspect of a business' energy use  (including which appliances or systems use the most energy), and provides  customized analyses, recommendations, and a means to track their progress.
The NewPower Energy Saving Center is just one way that energy restructuring  is leading to technological innovation and efficiency.
Competition among  energy marketers ?
like NewPower ?
encourages cost savings and new and  better ways to consume electricity and natural gas.
# # #  About NewPower Holdings, Inc. NewPower Holdings, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, www.newpower.com, is the first national provider of electricity and natural gas to residential and small commercial customers in the United States.
The Company offers consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer service and other innovative products, services and incentives.
Cautionary Statement This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934.
These statements involve risks and uncertainties and may differ materially from actual future events or results.
Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our goals will be achieved.
The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Important factors that could cause actual results to differ from estimates or projections contained in the forward-looking statements include our limited operating history; delays or changes in the rules for the restructuring of the electric and natural gas markets; our ability to attract and retain customers; our ability to manage our energy requirements and sell energy at a sufficient margin given the volatility in prices for electricity and natural gas; the effect of commodity volatility on collateral requirements and liquidity; our dependence on third parties to provide critical functions to us and to our customers; and conditions of the capital markets affecting the availability of capital.
Readers are referred to the Company's Annual Report on Form 10-K for the year ending December 31, 2000 and our Registration Statement on Form S-1 (No.
333.41412) on file with the Securities and Exchange Commission for a discussion of factors that could cause actual results to differ materially from these forward-looking statements.