SOURCE: Nacel Energy Corporation

January 28, 2008 13:02 ET

NACEL Energy Announces Funding

$3.2 Million for 80 MW Wind Energy Growth Plan

CASPER, WY--(Marketwire - January 28, 2008) - NACEL Energy Corporation (OTCBB: NCEN) ("NACEL Energy"), an emerging developer and aggregator of wind power infrastructure generating profitable, clean, renewable energy for America, today announced capital funding commitments totaling $3.2 million. All proceeds will be allocated to the Company's ongoing development of 80 MW of new wind power generation facilities (enough energy to supply 25,000 homes) first announced by NACEL Energy, January 10th 2008.

NACEL Energy is one of the first companies in the nation developing COMMUNITY WIND -- utility-scale wind energy projects using state-of-the-art turbines with a sustainable footprint and local partners. COMMUNITY WIND projects are generally less than 20 MW and can enjoy a competitive advantage over other forms of wind energy development, including faster permitting times, local political support and additional government incentives.

In return for an equity stake, NACEL Energy structures innovative financial partnerships with ranchers, farmers and rural electric co-operatives, complementing the federal incentives promoting wind energy development including the Production Tax Credit (PTC) and Clean Renewable Energy Bonds (CREBs), and serving to improve wind energy project economics and expedite timelines.

On November 19th 2007, NACEL Energy received a warrant exercise notice and subscription receivable note totaling $1.2 million, pursuant to a selling shareholder's shares registered on Form SB-2, declared effective June 7th 2007. On January 14th 2008, NACEL Energy entered into an investment banking agreement and agreed to terms relating to the placement of an additional $2 million of capital.

About NACEL Energy Corporation

NACEL Energy is an emerging developer and aggregator of wind power infrastructure generating profitable, clean, renewable energy for America. The Company is one of the first in the nation developing COMMUNITY WIND -- utility-scale wind power generation projects using state-of-the-art turbines with a sustainable footprint and local partners. Founded in 2006 and headquartered in Casper Wyoming, NACEL Energy is a publicly traded company under the ticker symbol "NCEN."

For more information visit our website www.nacelenergy.com

NACEL Energy

The WIND POWER COMPANY™

Notice regarding Forward-Looking Statements:

Statements in this press release relating to Nacel Energy's plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts, may be 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. Forward-looking information is subject to risks and uncertainties and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in Nacel Energy's business. Forward-looking statements may be identified by such terms as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continues," or similar terms or the negative of these terms. Matters discussed in today's news release, including, without limitation; that the business assumptions underlying the belief that funding commitments announced by the Company will be achieved, and such commitments will further result in sufficient capital being acquired to "facilitate the ongoing development of Nacel Energy's 80 MW of new wind power facilities," are reasonable, and all other such similar statements of belief, are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Nacel Energy could differ from these statements. Factors that could cause or contribute to such differences include, but are not limited to, the ability of Nacel Energy to acquire the capital required to fund its wind energy development plans; the ability of Nacel Energy's management to successfully execute partnership agreements with local wind energy developers; the ability of Nacel Energy to generate its projected internal rate of return from the wind energy projects it develops; and other additional factors discussed in "Risk Factors" and other sections of Nacel Energy's Securities and Exchange Commission filings available at www.sec.gov. Although Nacel Energy believes that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements and Nacel Energy accepts no obligation to update these forward-looking statements.

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