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OERA and TSB Memorandum of Understanding Signing - March 4, 2014
The Nova Scotia Provincial Government, Offshore Energy Research Association (OERA), and the United Kingdom’s Technology Strategy Board (TSB) met today to sign a memorandum of understanding, which commits both OERA and TSB to contributing $250,000 toward tidal research.
Nova Scotia does not currently have the infrastructure in the Bay of Fundy to accommodate its goal of generating 300 megawatts of tidal power by 2020. However, the United Kingdom has turbines operating in high-tide waters offshore the Orkney Islands in Scotland and by joining forces with them, the province hopes to encourage joint research and improve the technology required to generate electricity using high tides like those in the Bay of Fundy.
Click here to view the official Media Release.