New Energy Corporation 2.39

New Energy Corporation is a leading developer and manufacturer of in-stream power generation products. In-stream power generation is an emerging sector of renewable power generation, converting the energy within rivers and tidal currents into electricity.

Based in Calgary, Alberta, the company was founded in December of 2003 and has maintained its focus on the in-stream power generation market. The company has taken a methodical approach to the commercialization of its New Energy product line, initially introducing smaller models into the market and leveraging the knowledge gained with the development and operation of these models in order to develop and commercialize larger models.