Founded in 2000, Verdant Power's mission is to help build sustainable communities through a holistic approach focused on clean energy generation as well as advancing partnerships and hybrid platforms to make significant impacts at the water-energy nexus.
Verdant Power develops technologies and projects that generate village- and utility-scale energy from the free-flowing currents of tides, rivers, and canals, referred to as 'marine' or 'marine & hydrokinetic (MHK)' energy. Marine energy systems are next-generation clean energy technologies that can provide electricity in a predictable manner for populations near water currents.
Through its Roosevelt Island Tidal Energy (RITE) Project in the East River of New York City and other initiatives worldwide, Verdant has developed industry-leading capabilities in the areas of marine energy systems design and operations; water resource assessment and site feasibility analysis; and environmental monitoring and project licensing.
Verdant has been a trailblazer in marine energy since the company's inception. As one of the industry's first active participants, Verdant has evaluated and conducted in-water testing of various marine energy systems over the past two decades, gaining a level of hands-on experience and depth of knowledge unmatched today. This experience has led the company to advance its Free Flow System to the current 5th generation commercial class.
In 2005, Verdant Power sought permission from the Federal Energy Regulatory Commission (FERC) to test a six-turbine Free Flow System array at the RITE Project site in the East Channel of the East River. In a precedent-setting declaratory order, referred to as the 'Verdant Order', FERC ruled that this activity could proceed in order to demonstrate the technology and gather data necessary to apply for a commercial license. Under this ruling, Verdant operated the world's first array of tidal turbines, which generated and delivered electricity from the currents of the East River to two commercial end-users. Based on operational and environmental data gathered during the demonstration at RITE, Verdant Power applied for and, in 2012, received the first commercial license for a tidal power project in the United States.
Verdant Power continues to conduct resource assessment and feasibility analysis (RAFA) studies for future projects in the US and, alongside in-country partners, in areas including the UK, Canada, Asia, and Africa, among others. Verdant also seeks to integrate its systems with other clean energy and infrastructure systems worldwide to develop sustainable communities and impact at the 'water-energy' nexus.
Due to the groundbreaking nature of its work, Verdant Power has been featured in a variety of media outlets, including the NBC Nightly News, CBS Evening News, The Discovery Channel, The National Geographic Channel, Warner Independent Pictures' “The 11th Hour,” The New York Times, The Wall Street Journal, Time Magazine, and USA Today.
Verdant Power is headquartered in New York, NY with subsidiaries in Canada and the UK. In 2014, Verdant partnered with Irish contractor Belleville Duggan Renewables to form Verdant Isles Ltd., which is focused on project development in Ireland.