On October 22, 2020, Verdant Power, a leading marine renewable energy (MRE) company, simultaneously installed an array of three tidal power turbines at its Roosevelt Island Tidal Energy (RITE) Project site in the East River. The deployment came as the first U.S. licensed tidal power project.
The RITE Project activity is a technology demonstration of Verdant Power's fifth-generation tidal power system and its novel TriFrame mounting system, which is the next step on a pathway to global commercialization and profitable commercial operations.
This pre-commercial demonstration of the proprietary integrated system is designed to optimize the economics of installation and maintenance over the system's 20-year life, and to prove performance. This design provides for readily scalable systems to larger sizes for deeper and faster tidal straits.
The RITE Project, as a grid-connected array of tidal power turbines, provides the metrics for system performance, and operational costs which are scalable to other sites, and demonstrates an MRE project as distributed generation for alternative global market opportunities.
"We are proud to be the first licensed tidal power project in the U.S," said Verdant Power CEO John T. Banigan. "Today we are demonstrating clean power from the tidal currents and that tidal power is a viable energy resource advancing our industry in the U.S. and globally," added Banigan. "We also are proud to be a New York-based company that will create an MRE industry cluster with local jobs and global exports."
The RITE Project will generate electricity under a pilot project license issued by the U.S. Federal Energy Regulatory Commission - the first commercial license for a tidal power project in America. The project will provide clean electricity to Roosevelt Island through a distributed generation connection to Con Edison's local grid, and is supported by the New York State Energy Research and Development Authority and the U.S. Department of Energy, in addition to New York private equity investors.
About Verdant Power
Verdant Power is a leader in the global marine renewable energy industry, developing systems that deliver clean power from tidal and river currents. Through its initiatives worldwide, the Company has developed industry-leading capabilities in design, system demonstration and operation, tidal and river power resource assessment, and environmental monitoring. It is dedicated to delivering the highest quality MRE technologies and services at the lowest possible cost. Learn more at www.verdantpower.com
Verdant Power Progresses toward an Autumn Installation of Tidal Energy Turbines in New York City's East River
Verdant Power has successfully taken additional steps toward the installation of an array of its three, fifth generation (Gen5) tidal power turbines on the Company's novel TriFrame mount at its Roosevelt Island Tidal Energy (RITE) Project site in New York City's East River. The turbines were transported from the Company's New Jersey marine engineering support services facility, where the turbines were assembled, to a marine vessel installation services area, where they have been integrated onto a Verdant Power TriFrame mount in preparation for on-water delivery and deployment at the RITE Project site. In addition, the RITE Project Control Room on Roosevelt Island is being readied for the turbine system installation, which is planned for autumn 2020. More >
EMEC to Assess Free Flow System Performance at RITE Project
The European Marine Energy Centre (EMEC) will provide an independent performance assessment of Verdant Power's 5th Generation (Gen5) Free Flow System to be deployed at the RITE Project in 2020. By independently measuring the system's performance, EMEC will add credibility to operational results and set a new standard for tidal energy technology developers to meet globally. More >
Verdant Power Co-Founder Appointed to US Department of Commerce's Renewable Energy & Energy
Efficiency Avisory Committee
Trey Taylor, Verdant Power Co-Founder and Chief Marketing Officer, has been appointed by US Secretary of Commerce Wilbur Ross to serve a fifth consecutive term on the Department's Renewable Energy and Energy Efficiency Advisory Committee (REEEAC). The REEEAC is composed of senior private sector representatives that provide advice to the Secretary of Commerce on the development and administration of programs and policies to expand the export competitiveness of US renewable energy and energy efficiency products and services. More >
Verdant Power Secures $6 Million Funding for Final System Demonstration at RITE Project
Verdant Power has received $6 million in funding for the next phase of its program to advance the development of the Company's tidal power system and TriFrame mount at its RITE Project in New York City's East River. The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) has approved $3M in co-funding support for the third phase of Verdant Power's project that will qualify its tidal power system through to final test, demonstration and commercialization. More >
Verdant Isles Ltd. Formed to Develop Tidal Energy Projects in Ireland and UK
Verdant Power has partnered with Belleville Duggan Renewables Ltd. to develop commercial tidal energy projects at sites in Ireland and the UK under the joint venture Verdant Isles Ltd. Sustainable Energy Authority Ireland studies have demonstrated tidal current energy's potential in Ireland as an economic driver and source of clean energy. In parallel with developing sites in Ireland and the UK, Verdant Isles plans to establish a manufacturing base in the region that will become part of a global supply chain for marine energy devices. More >
US Dept. of Energy Selects Verdant Power under $10.5 Million Award for Next-Generation
Marine Energy Systems
Verdant Power is one of six organizations selected by the US Energy Department to receive up to $10.5 million to support the design and operation of innovative marine energy systems through survivability and reliability-related improvements. Verdant Power and project partners will work to complete the Verdant Power TriFrame , which supports three Gen5 Free Flow System turbines together as a single system for cost-effective installation, operations, and maintenance (IO&M). More >
Verdant Power Director Receives Prestigious '1906 Award'
The International Electrotechnical Commission (IEC) has awarded Verdant Power Director of Technology Performance Jonathan Colby with its prestigious 1906 Award. The award is given annually to technical experts from around the world whose work has made significant contributions to the IEC and the electrotechnical industry.
