Verdant Power’s New York City Tidal Turbines Exceed Expectations
New York, NY, January 27, 2021 – Verdant Power’s one-half scale demonstration project, of a grid-connected array of three, five-meter diameter rotor tidal power turbines, has performed excellently and exceeded expectations during the three months since deployment. The turbines, deployed on a single TriFrame™ mount at the Roosevelt Island Tidal Energy (RITE) Project site in the East River, have performed at 100 percent availability. This high reliability is critical to cost-competitive green energy.
As the first U.S. licensed tidal power project site, the RITE Project activity is a technology demonstration of the Company’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. The deployment of Verdant Power’s turbine array on October 22, 2020 began providing clean electricity seven days later to Roosevelt Island through a distributed generation connection to Con Edison’s New York City grid.
The array has generated 100 MWh in only 85 days of continuous operation, a record for marine energy production in the United States. This is far sooner than projected, which means that it is on track to generate more than 430 MWh per year into the local grid. This pre-commercial demonstration of Verdant Power’s proprietary integrated system is designed to optimize the economics of installation and maintenance over the system’s 20-year life, and to prove performance. The design of these turbines provides for readily scalable systems to larger sizes for deeper and faster tidal straits.
“The RITE Project provides the metrics for system performance, and operational costs, which are scalable to other sites, and demonstrates a marine renewable energy project as distributed generation for alternative global market opportunities,” said Verdant Power Chief Technology Officer, Dean Corren.
The RITE Project is generating electricity under a pilot project license issued by the U.S. Federal Energy Regulatory Commission. It will be the first marine renewable energy project in the world to be validated to international standards. The Project is supported by New York State Energy Research and Development Authority and the U.S. Department of Energy, in addition to New York private equity investors.
Three Verdant Power Tidal Turbines Installed in New York City's East River
Verdant Power installed an array of three tidal power turbines at its Roosevelt Island Tidal Energy (RITE) Project site in the East River. 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. More >
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 >