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OpenHydro Awarded $6.3 Million for its Project of Pilot Tidal Array in Canada - OpenHydro has just been awarded $6.3 million by SDTC - SDTC.ca / OpenHydro.com
OpenHydro Awarded $6.3 Million for its Project of Pilot Tidal Array in Canada

 

NewswireTODAY - /newswire/ - Paris, Ile-de-France, France, 2015/04/16 - OpenHydro has just been awarded $6.3 million by SDTC - SDTC.ca / OpenHydro.com.

   
 
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OpenHydro has just been awarded $6.3 million by SDTC, a not-for-profit foundation that finances and supports the development and demonstration of clean technologies, for its project of pilot tidal array in the Bay of Funday (Canada).

SDTC funding will contribute to support OpenHydro in further refining its technology into a product ready for global commercial roll-out.

James Ives, OpenHydro CEO, said: “We are extremely grateful to Sustainable Development Technology Canada for supporting us in the development of our 4MW tidal array at FORCE in 2015. OpenHydro is proud to have been the first technology installed in the Bay of Fundy and we remain convinced of the potential of the region as a major source of clean renewable energy?This project represents an important step in building a local tidal energy industry in Nova Scotia and a next step in the development of commercial tidal farms in the region.

About OpenHydro
OpenHydro (openhydro.com) is a DCNS company specialising in the design, manufacture and installation of marine turbines generating renewable energy from tidal streams. The company vision is to deploy marine turbine arrays under the surface of the oceans to produce energy silently, invisibly and with no impact on the environment. OpenHydro has achieved a number of industry firsts including being the first to deploy a tidal turbine at the European Marine Energy Centre (EMEC), the first to connect to and generate electricity from tidal streams onto the UK National Grid and the first to successfully demonstrate a method of safely and economically deploying and recovering turbines directly on the seabed. The deployment and recovery method delivers a step change in the economics of tidal energy. OpenHydro has a project portfolio spanning Canada, France, Ireland, Scotland and the Channel Islands with utility partners including Emera, EDF and SSE Renewables. OpenHydro has won a number of awards for its innovations in the field of renewable energy technology.

 
 
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OpenHydro Awarded $6.3 Million for its Project of Pilot Tidal Array in Canada

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