Verdant Power Inc., the leading U.S. tidal power developer, and the China Energy Conservation and Environmental Protection Group (CECEP), a renewable energy company, have signed a memorandum of understanding to develop tidal energy projects in China. The agreement is the first of its kind between China and the U.S. involving marine and hydrokinetic power projects. According to Trey Taylor, president of Verdant Power, the two firms have identified potential sites and are currently gathering data at those locations. The Generation-5 turbines they plan to use in China, says Taylor, “will be demonstrated at pilot project sites in North America as
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.