New Energy Corporation Inc. (NECI)
New Energy Corporation Inc. is a manufacturer of in-stream hydrokinetic power generation systems. The company`s proprietary EnCurrent Power Generation (EPG) systems convert kinetic energy in water currents into electricity the same way in which wind turbines convert the kinetic energy in wind into electricity. The EPG system is an economical hydroelectric generating product that has an extremely small environmental footprint and can be used in a large variety of settings where traditional hydroelectric plants are not practical or possible. The system can be installed in tidal currents in addition to freshwater applications such as rivers, canals, and industrial outflows.
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- Business Type:
- Industry Type:
- Hydro Power
- Market Focus:
- Nationally (across the country)
- Year Founded:
- less than 1,000,000 €
This company also provides solutions for other industrial applications.
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New Energy’s vision is to provide clean, reliable, affordable, renewable, and environmentally responsible power to the world.
Whether to reduce remote communities’ reliance on fossil fuels, add to an existing mix of grid connected power sources, or to provide power where none currently exists, we at New Energy believe in providing environmentally responsible energy solutions that harness the power available from nature.
Hydrokinetic power is not only an excellent source of renewable energy because of its minimal impact on the environment, but it also has the added advantage of being a continuous energy source. As a result, hydrokinetic power can be used as a reliable standalone energy source or as a complementary energy source for powering critical systems – e.g. refrigeration of food and medicine, pasteurizing water, or powering telecommunications, in locations where no power currently exists.
New Energy is making a difference by providing economical, sustainable and environmentally responsible power to the world – the power of nature.
What differentiates us from competing hydrokinetic companies?
From its inception, New Energy has been focused on developing a hydrokinetic power generation system that is easy to deploy and easy to maintain. The vertical axis concept is seen as one where these criteria can be met through keeping the electrical equipment above the water. This has the additional benefit of allowing initial development to be focused on the turbine itself, since conventional generators and gearboxes requiring no development are used. That combined with a testing methodology of mounting the systems to a barge and pushing or pulling them through still water.
From an assembly perspective, individual components from New Energy’s systems can be packaged for easy shipping and transportation to site. Assembly requires a few small tools, and can be done on site.
The benefits of being able to access these systems while running for testing or servicing purposes cannot be overstated, and has allowed New Energy to rapidly advance its technology, focusing on the issues and not having to spend precious resources on development of hermetically sealed generators, or pressurized oil sealing systems. The result is an inexpensive system that can be maintained by locally trained personnel without the need for specialized equipment or expertise.
New Energy has identified a very large, high need market sector in the remote communities throughout the developing world. This market is currently not being adequately served by products that meet the real need of these communities. Solar or wind may provide intermittent power, but this is not sufficient for critical uses such as refrigeration. Micro-hydro is an excellent source of power where it is available. But where there is a river or stream nearby, New Energy’s products are better suited to provide reliable continuous power than any existing competitive product.
Why choose hydrokinetic over other sources of renewable energy?
All forms of renewable energy help meet the growing energy needs of our society. To limit the degree to which we are taxing the earth’s resources, it is to everyone’s benefit to find and use sources of energy with the least impact on the environment.
Solar and wind are currently the dominant renewable energy sources, but one of the common issues around these sources of energy is that they are periodic at best and at worst unpredictable. This makes it very difficult to compensate for those times when power from these sources is not available, and this alone may negate most benefits, or make the installation totally impractical in locations where there is no existing constant source.
Energy from flowing water (hydrokinetic energy) is unique in that it is much more predictable than solar or wind, with only seasonal variations or variations during unusual events such as floods. But for the most part if a stream is flowing, it is flowing 24 hours a day with gradual changes as the seasons change. Canals and controlled rivers are even more predictable as they are controlled by a system operator. Thus hydrokinetic energy can be used as a base load power source, having a profound effect on communities currently without reliable power as it can be used for critical applications such as refrigeration, medical, or schooling. Locations currently using fossil fuel based generators can reduce their fuel costs (or even eliminate them), by tying in the hydrokinetic power system to work in concert with the system or even replace it. All this can be done with a minimal impact on the environment.
What makes New Energy’s product offering unique is that it can serve as the base load power source for a remote community, directly improving the situation in the community by providing reliable power for critical applications. Solar and wind cannot offer this same level of reliability. Traditional hydro may not be available in the area, or logistics of deploying traditional hydro may be too difficult to overcome. That leaves hydrokinetic power generation as a strong candidate for satisfying the energy requirements of a remote community, bettering the lives of those involved.
Hydrokinetic power is generated by extracting the kinetic energy in a moving stream of water, similar to wind turbines extracting energy from the wind. In the broadest sense, water passing through a turbine causes the turbine to rotate which in turn spins a generator. The generator then converts this mechanical energy into electricity. Numerous rotor designs exist to extract the energy from the water including horizontal propeller, horizontal cross flow, reciprocating ‘kite’, and vertical axis cross flow designs, to name a few.