Item 1.01 Entry into a Material Definitive Agreement

On May 8, 2009, Alphakat - Global Energy GmbH ("AKGE"), a 50% subsidiary of Global Energy Inc., entered into an agreement for service operation of a KDV 500 unit with Waste 2 Oil GmbH ("W2O"), a German company, by which W2O will provide plant operations and testing services in Hoyerswerda, Germany, to AKGE for three months. W2O is responsible for operating the KDV 500 unit, hiring and paying the qualified workers involved with its operation and paying all taxes by law.

The aim is to produce and sell diesel fuel. All income from the sale of the product will be equally divided between AKGE and W2O.

AKGE agreed to pay W2O a monthly fee for covering the costs for operating the KDV 500 unit as follows: (a) a monthly fee of 5,000 Euro and (b) a fee of 1,000 Euro for each day of actual operation, plus VAT.

The agreement commences five days after W2O notifies AKGE that the system is operational.

Item 9.01 Financial Statements and Exhibits.

10.1 Agreement for service operation of KDV500, dated May 8, 2009 between Alphakat - Global Energy GmbH and Waste 2 Oil GmbH.*

*Filed herewith