Canada’s Minister of Natural Resources Jim Carr announced a $1 million investment in a tidal energy project led by the Offshore Energy Research Association (OERA).
The project, which aims to address knowledge gaps and challenges associated with tidal energy in Canada, received the funding from NRCan’s Energy Innovation Program.
The Province of Nova Scotia and OERA have each contributed $125,000 to the project.
Jim Carr said: “This project is a great example of how our government is looking for better and cleaner ways to bring electricity to Canadians. When it comes to clean technology, Canada has the opportunity to be a true global leader — creating good, well-paying jobs for middle-class Canadians while helping meet our climate change goals.”
“Understanding the challenges of creating a clean and renewable source of energy from the world’s highest tides has been the focus of Nova Scotia’s research community for many decades. By working collaboratively with academia, company and government partners we ensure the highest prospects for success, both here in the Bay of Fundy and ultimately in projects developed around the world with what we have learned,” added Stephen Dempsey, executive director, OERA.