24 Jan '12, 11am

FERC Issues License for a 1MW Tidal Energy Project in NYC

FERC Issues License for a 1MW Tidal Energy Project in NYC

You'd expect the first pilot project license for a hydrokinetic energy project to occur in some wind-swept nautical haunt somewhere off the coast of Maine or in a Great Lake but no -- The Federal Energy Regulatory Commission (FERC) just issued its first pilot project license for a tidal energy project in the East Channel of New York City’s East River. About ten years in the making, the Roosevelt Island Tidal Energy (RITE) project is owned by Verdant Power and looks to mount turbines on the riverbed and use tidal currents to generate about a megawatt of electricity. The project will use up to 30 of Verdant's turbines, installed in stages. The license allows Verdant Power to build out the RITE Project and to commercially deliver the energy generated by the turbines to local customers. Earlier phases of the project involved prototype testing from 2002 to 2006 and demonstratio...

Full article: http://www.greentechmedia.com/articles/read/FERC-Issues-F...

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