Verdant Power

Verdant Power, a key player in the marine renewable energy sector, was established in 2000. The company was founded by Trey Taylor, who currently serves as the Chief Executive Officer. His background includes experience in public-private infrastructure development and project finance, which has been instrumental in navigating the complex regulatory and financial landscapes of the renewable energy industry. The company's journey began with a focus on harnessing the power of tidal currents, a predictable and consistent source of renewable energy. Verdant Power operates in the marine energy market, specifically targeting the development of tidal power projects. Its business model centers on designing, manufacturing, installing, and operating proprietary tidal turbine systems. These systems are sold to project developers, utilities, and governments globally seeking to diversify their energy portfolios with clean, baseload power. A significant milestone was achieved in 2020 when the company deployed three of its fifth-generation turbines in New York City's East River, forming the Roosevelt Island Tidal Energy (RITE) Project. This installation was notable as it marked the first U.S.-licensed tidal power project. The turbines successfully operated for a year, meeting performance metrics and providing electricity to Con Edison's grid, demonstrating the viability of the technology in a challenging urban marine environment. The core of Verdant Power's offering is its Free-Flow System, which features a three-bladed axial-flow turbine. This design is engineered to capture kinetic energy from the natural flow of water in rivers and tidal straits without the need for dams or impoundments. The system is designed for minimal environmental impact, a claim supported by extensive monitoring which has shown no adverse effects on fish or marine mammals. The turbines are mounted on a TriFrame™ structure, which simplifies installation and maintenance operations. This technology has received the first-ever IEC Renewable Energy (IECRE) System Certification for a tidal energy system, underscoring its adherence to international performance and safety standards. Keywords: tidal energy, marine renewable energy, hydropower, clean energy, power generation, turbine technology, project development, environmental monitoring, IEC certification, RITE Project