First commercial hydrokinetic plant started
HGE said it has successfully installed one of two underwater turbines in Hastings, Minn. The turbines are being installed downstream from a 4.4-megawatt U.S. Army Corps of Engineers hydropower plant.
The second turbine is expected to be installed in the spring.
"With the successful installation of our first turbine, Hydro Green Energy has taken another historic step and has strengthened its status as the industry leader," said Wayne Krouse, chairman and chief executive officer of HGE. "We, with the city of Hastings, are now in a position to soon send the first hydrokinetic electrons ever to the U.S. power grid."
Hydrokinetic power is generated from moving water in open rivers, tidal areas and oceans through suspended turbines.
The Hastings project was approved by the Federal Energy Regulatory Commission in December.
Related News
Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover
TORONTO - Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.'s $6.7-billion takeover of U.S.-based utility Avista Corp.
Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday.
On Wednesday, Washington State regulators said they would not allow Ontario's largest utility to buy Avista for fear the provincial government, which owns 47 per cent of Hydro One's shares, might meddle in Avista's operations.
Financial analysts had predicted investors would welcome the news because the deal, announced in July 2017, would…
