First US Commercial Tidal Power Plant Proposed for New York City's East River

January 3, 2011                                                                                                                                                        

 “We are extremely excited about the submission of this license application,” stated Ron Smith, CEO of Verdant Power. “It represents the culmination of nearly a decade of work undertaken by Verdant Power and a variety of project stakeholders to add tidal power to the US clean energy mix.”

 Entitled the Roosevelt Island Tidal Energy (RITE) Project, the initiative has been Verdant Power’s signature effort to commercialize its ‘Free Flow’ kinetic hydropower system, which utilizes three-bladed turbines deployed in fast-moving tides and rivers to generate clean energy.  During 2006-08, Verdant Power successfully demonstrated a Free Flow System comprised of six full-scale turbines, delivering energy to businesses in New York City with no power quality problems.

 Verdant Power would install an advanced, 5^th Generation Free Flow System through the proposed pilot project – an updated design enhanced for system reliability, cost-effective manufacturing and environmental compatibility.  The US Department of Energy (DOE) provided partial funding for this advancement, specifically the design and testing of a new composite turbine blade in partnership with the DOE’s National Renewable Energy Laboratory, Sandia National Laboratories, and the University of Minnesota’s St. Anthony Falls Laboratory. Major funding for the development of the RITE Project has been provided by the New York State Energy Research and Development Authority (NYSERDA) and the New York City Economic Development Corporation.

The license application has been submitted under FERC’s Hydrokinetic Pilot Project Licensing Procedures, established to allow for the advancement of US hydrokinetic technologies (tidal, river, wave power), while maintaining FERC oversight and agency input. The application was prepared by Verdant Power with support from Kleinschmidt  Associates and outlines the company’s plans to meet FERC requirements for installation and operation, including environmental monitoring and public safeguarding. Verdant Power conducted environmental monitoring of the Free Flow System during the six-turbine demonstration at the RITE Project, developing significant environmental data on the technology that showed no evidence of increased fish injury or mortality in the demonstration area.  Verdant Power would continue environmental monitoring plans, developed in conjunction with federal and state resource agencies, during the proposed pilot project to study any impacts of the larger field, which is planned for incremental installation beginning in late 2011, pending approvals. 

Verdant Power

Verdant Power was established in 2000 and is headquartered in New York, NY, with international subsidiaries in Canada and the United Kingdom. Verdant Power is a world leader in the design and application of marine renewable energy systems, which utilize underwater turbines to generate clean energy from the currents of tides, rivers and manmade channels – all highly predictable energy resources.  Simple and modular in design, Verdant Power systems can be scaled to operate in a wide range of water settings worldwide.   

 Verdant Power’s leadership position is demonstrated by its Roosevelt Island Tidal Energy (RITE) Project in the East River of New York City.  Through this groundbreaking initiative, the Company installed and operated the world’s first array of grid-connected tidal turbines.