TSB, OERA announce funding for tidal energy technology development

Tidal Turbine

The U.K. Technology Strategy Board and Nova Scotia's Offshore Energy Research Association have announced their plan to jointly invest about US$1.25 million to accelerate tidal energy development.

The financing deal is the result of a memorandum of understanding signed in March that targets improvements that could be used to further the equipment required to produce energy in high-tide areas like Canada's Bay of Fundy -- or specifically, advancing environmental monitoring, sensing and instrumentation technologies.

The proposals must be "business-led and collaborative with representation from both Canada and the UK", with partners to "attract up to 50% public funding for costs, or 60% for small to medium-sized enterprises."

Full eligibility requirements can be found on OERA's website here.

The call for applications opens runs through November 28. Interested parties can submit an online registration form here.

For more marine and hydrokinetics (MHK) news, visit here.

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