Verdant Power – FERC License
RITE Project Receives First Commercial License for Tidal Power in U.S.
The Federal Energy Regulatory Commission (FERC) has issued a pilot commercial license to Verdant Power’s RITE Project – the first commercial license for tidal power in the US.
Under the license, Verdant Power plans to develop a 1 MW pilot project in the East Channel of the East River comprised of up to 30 commercial class (Generation 5) Free Flow System turbines, which would be installed in a staged approach.