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First tidal power license issued

The Federal Energy Regulatory Commission approved the first commercial license for a U.S. tidal energy project, which will use New York City's East River tidal currents to generate electricity.

The project, owned by Verdant Power and licensed for 10 years, will install as many as 30 turbines on more than 21 acres along the strait that connects the Long Island Sound with the Atlantic Ocean in the New York Harbor.

"The Roosevelt Island Tidal Energy project is a prime example of an innovative MHK technology that will advance progress towards commercialization of the entire industry,” Ocean Renewable president Sean O'Neill said. "MHK renewable energy continues to be a critical aspect in allowing us to improve our country's energy security and independence, create jobs and lower our carbon footprint.”

Click here for the full press release.