8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  May 9, 2008

EVERGREEN ENERGY INC.

(Exact name of Registrant as specified in its charter)

Delaware	001-14176	84-1079971
(State or other jurisdiction of incorporation or organization)	Commission File Number	IRS Employer Identification Number
1225 17th Street, Suite 1300 Denver, Colorado		80202
(Address of principal executive offices)		(Zip Code)

(303) 293-2992

(Registrant’s telephone number, including area code)

 (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01.  Other Events.

On May 9, 2008, the Company filed its Form 10-Q for its quarter ending March 31, 2008.  Attached as exhibit 99.1, the Company has included the letter to our shareholders which was a part of our Annual Report for 2007 and also has been posted to our website www.evgenergy.com.

Section 9.  Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

(d)   Exhibits
Exhibit Number	Exhibit Title or Description
99.1	Letter to Shareholders.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Evergreen Energy Inc.
Date: May 9, 2008	By:    /s/ Diana L. Kubik
	Diana L. Kubik
	Vice President and Chief Financial Officer

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EVERGREEN ENERGY INC.

EXHIBIT INDEX

Exhibit Number	Exhibit Title or Description
99.1	Letter to Shareholders.

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EX-99.1

Exhibit 99.1

2007 – 2008 Shareholders’ Letter

Over the past year we have made significant progress in positioning the company to take advantage of the current opportunities that lay ahead for Evergreen’s coal upgrading process.

We know that the business backdrop for refined coal remains robust. Worldwide energy demand is growing and so is the need for more environmentally friendly and efficient ways to use the planet’s vast reserves of lower rank coal.

Coal prices at home and abroad are rising. Utilities, smaller industrial customers and other coal users need lower-cost ways to address future emissions regulations, and for users expensive post-combustion technologies are out of reach.

In this environment we believe K-Fuel® offers a compelling proposition.  To cultivate our technology from laboratory to full scale, we have addressed a number of challenges, including overcoming certain operational problems at Fort Union.   Our engineering teams worked closely with Bechtel to solve those problems and worked to improve and optimize the K-Fuel® production process. All the while, the plant continued to produce K-Fuel® that was used in numerous successful test burns for industrial, municipal and utility customers.    Now our strengthened business development and engineering teams are approaching customers in our pipeline with a better defined economic model, an efficient plant design and a product that has been tested and shipped across the country and around the world, offering a suite of supply and production solutions.

The next step, and our top priority, is developing one or more of these opportunities into a definitive construction agreement in a relatively short time,

either internationally or domestically.  While we do have a sense of urgency, we will be careful not to announce any projects until we are reasonably assured that they will proceed.

The question we are most frequently asked is:  Is this the year when Evergreen can finally deliver on the promise of refined coal? What we can tell you is that we are working with the best teams possible and in a favorable business climate.  We at Evergreen are more convinced than ever we will succeed.

As shareholders, you have maintained the faith to endure our challenges as we work to bring this technology to market.  We also want to acknowledge the hard work of our employees, and the feedback, guidance and insights we have received from our customers and our board of directors. We thank all of you for your continued support while we will deliver on the promise of refined coal as an important solution for today’s energy and environmental needs.

  Sincerely,

  Kevin R. Collins

  President & CEO