Metretek's PowerSecure Subsidiary Announces $5 Million in New IDG(R) Projects; Anticipates Expansion into Federal Marketplace

Metretek Technologies, Inc. (Amex:MEK) reported that
its PowerSecure subsidiary has in recent weeks secured contracts for
the installation of Interactive Distributed Generation(R) (IDG(R))
systems valued at approximately $5 million in anticipated revenues to
PowerSecure.
   According to Sidney Hinton, president and CEO of PowerSecure, the
contracts range in value from $200,000 to over $3 million. "Of
particular interest is the fact that the largest project stemmed from
a contact initially developed through the marketing efforts of
EnergyLite, a recently formed PowerSecure subsidiary which assists
customers in reducing their energy use through investments in more
energy-efficient technologies. This is a testament to the validity of
our business model, for as we said at the time of its formation, it is
our expectation that EnergyLite and PowerSecure will complement one
another through the sharing of resources and customer leads. All
told," added Hinton, "we are having an outstanding year thus far in
2006, and we believe we are laying the foundation for continued growth
and success in 2007 and beyond."
   Hinton further noted that PowerSecure has identified the federal
marketplace - including military facilities and government buildings -
as an area where it can expand its business. "We are hiring
experienced, talented personnel to enable us to penetrate this
market," said Hinton, "and we look forward to seeing progress in what
we believe will be a fruitful source of new business."

   About Metretek Technologies:

   Metretek Technologies, Inc. through its subsidiaries - Southern
Flow Companies, Inc.; PowerSecure, Inc.; and Metretek, Incorporated
(Metretek Florida) - is a diversified provider of energy measurement
products, services and data management systems to industrial and
commercial users and suppliers of natural gas and electricity.

   Safe-Harbor Statement:

   All forward-looking statements contained in this release are made
within the meaning of and pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are all statements other than statements of historical
facts, including but not limited to statements concerning the revenues
expected to be realized from the orders referred to in this release,
the finalization of these orders, the future prospects of PowerSecure,
the ability of PowerSecure to expand into the federal marketplace, and
all other statements concerning the plans, intentions, expectations,
projections, hopes, beliefs, objectives, goals and strategies of
management, including statements about other future financial and
non-financial items, performance or events and about present and
future products, services, technologies and businesses; and statements
of assumptions underlying the foregoing. Forward-looking statements
are not guarantees of future performance or events and are subject to
a number of known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially from those
expressed, projected or implied by such forward-looking statements.
Important risks, uncertainties and other factors include, but are not
limited to the ability of PowerSecure to timely and successfully
complete these projects to its customers' satisfaction; the ability of
PowerSecure to obtain sufficient raw materials and equipment to
fulfill these orders on timely and commercially reasonable terms; the
ability of PowerSecure to continue to develop, expand and market its
core distributed generation products and services, to expand the
scope, markets and business segments of its offerings including its
new energy-related businesses, services and technologies, to manage
its growth and to deliver anticipated benefits to its customers; the
effects of future changes in tariff structures and environmental
requirements on PowerSecure's ability to deliver an economically
viable solution; changes in customer and industry demand and
preferences; the ability of the Company to attract, retain and
motivate key personnel; changes in the energy industry in general and
the natural gas and electricity markets in particular, including price
levels; the effects of competition; the ability of the Company to
secure and maintain key contracts and relationships; general economic,
market and business conditions; the effects of pending and future
litigation, claims and disputes; general economic, market and business
conditions; and other risks, uncertainties and other factors
identified from time to time in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2005, as well as in
subsequent filings with the Securities and Exchange Commission,
including reports on Forms 10-Q and 8-K. Accordingly, there can be no
assurance that the results expressed, projected or implied by any
forward-looking statements will be achieved, and readers are cautioned
not to place undue reliance on any forward-looking statements. The
forward-looking statements in this press release speak only as of the
date hereof and are based on the current plans, goals, objectives,
strategies, intentions, expectations and assumptions of, and the
information currently available to, management. The Company assumes no
duty or obligation to update or revise any forward-looking statements
for any reason, whether as the result of changes in expectations, new
information, future events, conditions or circumstances or otherwise.