New Energy’s EnCurrent Power Generation System has the advantage that it does not require any fuel for the generation of electricity. This provides a major environmental advantage in that no CO2 or other emissions are generated in the operation of the equipment. It also provides an economic advantage, as the cost to generate electricity with the EnCurrent Power Generation System is less than the cost to generate electricity with fossil fuels or other renewables.

In comparison with wind and solar equipment, New Energy’s equipment has further advantages with respect to predictability, intermittency and power density. The advantages associated with predictability and intermittency affect the capacity factor of a plant, which directly impacts the overall economics. The increased power density results in a smaller environmental footprint for projects implemented with EnCurrent Power Generation Systems than either wind or solar.

As the EnCurrent Turbine generates electricity from water currents, it is a perfect complement to traditional hydropower generating equipment which requires head, or a drop in elevation, to generate electricity. New Energy’s equipment can be used in sites that have not been able to be harnessed with traditional equipment, with an extremely small environmental footprint. Additionally, potential sites for the EnCurrent Power Generation System are typically located near existing infrastructure – including communities and transmission lines.