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Tap the tide
Tap the tide
Verdant Power
verdantpower.com

In the race to find alternative power sources, a startup plans to draw power from rivers. Like water-based windmills, small turbines will begin generating power this winter from tidal flows in New York City's East River.

The turbines, made by a Manhattan company called Verdant Power, feature 16-foot blades and will produce about ten megawatts total, helping power a local supermarket. Because the turbines swing freely, they can draw energy no matter which way the tide is running. Says Verdant president Trey Taylor, 59, "We're the first in the world to do something like this." --Jeff Garigliano
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.