Digby County, Nova Scotia Canada- June 24, 2014- Nautricity Ltd. and Fundy Tidal Inc. (Fundy Tidal) are pleased to announce the signing of an MOU to develop a 500kW tidal project in Nova Scotia, Canada’s Petit Passage.
Nautricity is completing system testing of its CoRMaT and Hydro-buoy technologies at the European Marine Energy Centre (EMEC) off the Orkney Islands in Scotland. The project at Petit Passage provides flows similar to those at the EMEC site and approach the speeds found at the FORCE site in Nova Scotia.
“We are delighted with the opportunity to partner with Fundy Tidal on the delivery of this important project,” says Cameron Johnstone, CEO of Nautricity. “This is a great platform to demonstrate how new approaches to the development of tidal energy projects can deliver benefit to both Nova Scotia and Scottish companies. The opportunity for tidal development around the world is immense, and Scotland and Nova Scotia have some of the best resources and best developed regulatory regimes anywhere.”
Vince Stuart, President of Fundy Tidal stated “We have been in discussions with Nautricity for a couple of years and are most pleased that both our companies have evolved to the stage where we are now formerly working together in the delivery of the Petit Passage project. This partnership is a concrete example of the desire of both the Scottish and Nova Scotia governments and industry to foster collaboration on marine energy developments.”