Emrgy Inc. signed an agreement with GE Renewable Energy about Emrgy’s micro hydrokinetic technology. Through this partnership, Emrgy’s hydropower turbines will be provided by GE Renewable Energy and GE will begin to offer Emrgy’s product among its suite of hydropower solutions in select markets worldwide.
GE Renewable Energy says the partnership brings a new line of business to target distributed hydropower opportunities up to 1 MW. Emrgy’s distributed micro hydrokinetics solution will now be available for purchase in more locations, with a levelized cost of energy comparable to other renewable resources.
“This partnership … aligns perfectly with our vision for widening the positioning of hydropower, and more broadly, supporting energy generation and delivery worldwide,” said Emrgy Founder and Chief Executive Officer Emily Morris. “We are thrilled to work with GE Renewable Energy to grow our market share and serve more customers across the world with clean, reliable electric power.”
This new agreement highlights the rapidly growing market for distributed energy technologies, GE Renewable Energy says.