New Energy Corporation Inc.

​New Energy’s vision is to provide clean, reliable, affordable, renewable, and environmentally responsible power to the world. New Energy was formed on December 29, 2003, for the express purpose of developing the technology and products that harnesses the energy from moving water and turning it into a clean renewable energy source. While most companies involved with hydrokinetic power generation were focused on large tidal projects, New Energy felt a more prudent approach was to start with small freshwater applications. The concept chosen for development was based on a vertical axis cross flow turbine utilizing conventional above water components (generator, gearbox, bearings) resulting in easy access to the drive train and rapid testing of the design concept.

New Energy’s products are based on the vertical axis cross flow turbine concept. The vertical axis design has several advantages over other configurations especially when supported on a floating structure. These advantages include ease of installation, monitoring, and service and support; suitability and adaptability to stream and channel geometry; a broad range of suitable applications over a large size range; minimal impact on aquatic life; transportability due to the easy breakdown and re-assembly of components; and lower cost as compared to other hydrokinetic configurations due to the simplicity in design and the use of conventional components such as the generator.