New Energy Corporation Inc. is a leading developer and manufacturer of in-stream power generation products. In-stream power generation is an emerging sector of renewable power generation, converting the energy within rivers and tidal currents into electricity.

Based in Calgary, Alberta, the company was founded in December of 2003 and has maintained its focus on the in-stream power generation market. The company has taken a methodical approach to the commercialization of its EnCurrent product line, initially introducing smaller models into the market and leveraging the knowledge gained with the development and operation of these models in order to develop and commercialize larger models.

With the 5, 10 and 25 kW EnCurrent Power Generation Systems available in the marketplace, the company is working to expand its customer base for these products in tandem with scaling up its core technology in order to provide 125 and 250 kW models. These larger models enable the construction of in-stream power generation plants with capacities of up to 5 MW.

In addition to the development of its EnCurrent Power Generation Systems, New Energy has been developing ancillary products to aid in the installation and deployment of its power generation products. The company’s intent in developing these ancillary products has been to decrease the cost and effort required to install its power generation systems.