Bloomberg: “New York’s East River is set to become the testing ground for a technology that generates electricity from the tides. Verdant Power, a New York-based marine energy technology company, is installing three small underwater turbines in the river Thursday that will feed power to Consolidated Edison Inc.’s grid. Marine energy has been around for years, but its adoption been stymied by high costs and mechanical issues.”
“Verdant’s system, big enough to power a handful of homes, is expected to showcase the technology as the company works on a large, commercial project in the U.K. that may be installed in 2023. The turbines have five-meter (16-foot) rotors, half the size of what Verdant is planning for the U.K. project, with 35 kilowatts of capacity each, about four times bigger than a typical U.S. residential rooftop solar system. ‘We’re demonstrating that we have a system that’s reliable and affordable,’ Trey Taylor, Verdant’s chief commercial officer, said in an interview.”