About Verdant Power
Verdant Power is a company based in New York (United States) founded in 2000. Verdant Power has raised $8.73 million across 9 funding rounds from investors including DOE and OSTI.GOV. The company has 10 employees as of December 31, 2021. Verdant Power offers products and services including Tidal Turbine System and HydroWing Technology. Verdant Power operates in a competitive market with competitors including Minesto, Tocardo, Nova Innovation, Marine Current Turbines and EEL Energy, among others.
- Headquarter New York, United States
- Employees 10 as on 31 Dec, 2021
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Sectors
Energy & Utilities
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Verdant Power, Inc.
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Annual Revenue
$1.56 M (USD)132as on Dec 31, 2019
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Net Profit
-$952.42 K (USD)28as on Dec 31, 2019
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EBITDA
Not available
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Total Equity Funding
$8.73 M (USD)
in 9 rounds
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Latest Funding Round
$3 M (USD), Grant
Sep 14, 2018
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Investors
DOE
& 1 more
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Employee Count
10
as on Dec 31, 2021
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Products & Services of Verdant Power
Verdant Power offers a comprehensive portfolio of products and services, including Tidal Turbine System and HydroWing Technology.
Technology for harnessing tidal flows to generate electricity
Patented system for deploying tidal energy projects
People of Verdant Power
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Funding Insights of Verdant Power
Verdant Power has successfully raised a total of $8.73M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $3 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Verdant Power
Verdant Power has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DOE and OSTI.GOV.
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Energy sources and policies are managed by the DOE.
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Investor details for Verdant Power
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Investments & Acquisitions by Verdant Power
Investment portfolio details for Verdant Power
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Financial Statements - Verdant Power
Detailed financials for Verdant Power
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Verdant Power Comparisons
Peer comparison for Verdant Power
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Competitors of Verdant Power
Verdant Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Minesto, Tocardo, Nova Innovation, Marine Current Turbines and EEL Energy, among others.
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Tidal energy is harnessed through an underwater kite with turbine.
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Manufacturer of tidal turbines
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Submerged turbine systems are provided for tidal energy conversion projects.
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Tidal power generators are developed for marine electricity production.
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Tidal currents are harnessed by the EEL Tidal Energy Converter.
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Detailed competitors of Verdant Power
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Latest news on Verdant Power
Complete news archive for Verdant Power
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Frequently Asked Questions about Verdant Power
Verdant Power was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Verdant Power is headquartered in New York, United States. It is registered at New York, New York, United States.
John Banigan is the current CEO of Verdant Power.
Verdant Power is a funded company, having raised a total of $8.73M across 9 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Verdant Power is 10.
Annual revenue of Verdant Power is $1.56M as on Dec 31, 2019.
Project developer and manufacturer of tidal turbines. Their technology is based on a kinetic hydropower system, which incorporates turbines with open three-bladed rotors installed fully underwater, invisible from shore. The turbine is designed to self-rotate into the prevailing current so that the blades are optimally aligned to generate energy. This rotation drives an induction generator located within the main body of the turbine to generate electricity, which is transferred to onshore equipment via an underwater cable.
Verdant Power's top competitors include Minesto, Nova Innovation and Tocardo.
Verdant Power offers Tidal Turbine System and HydroWing Technology.