Excelsior's Mesaba Energy Project will be located on the Iron Range of northeastern Minnesota and will be one of the cleanest and most efficient coal-fired power generating facilities in the world. The first unit of the project will be capable of producing a net output of approximately 532 MW of electricity and is expected to be operational in 2010.

11 June 2004 - WSP Environmental has aquired EMP-Projects Oy in Vaasa and EMP Estonia OÜ. EMP has developed a unique concept combining project management with environmental management. They undertake large environmental projects for the energy industry and has recently completed Finland's largest CO2 -deal, which has received international recognition.