Untitled Document

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.

Related Articles

OPT deploys marine hydrokinetic device off New Jersey coast

Ocean Power Technologies Inc. (OPT) announced today it has successfully deployed its PB40 Po...

COER competition could help marine hydrokinetic development

A combination multi-agency team may have an effect on marine hydrokinetic energy development...

Hydroelectric power represented well in new bipartisan Senate bill

Bipartisan energy legislation submitted to the U.S. Senate yesterday includes an extensive s...
MHK development in Canada

Canadian provinces sign MOU to develop marine renewable energy

The Canadian provinces of Nova Scotia and British Columbia have signed a memorandum of under...

Recent Comments

Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

Volume 34, Issue 6
Volume 23, Issue 4

Buyers Guide Products

Buyers Guide Companies