TSB, OERA announce funding for tidal energy technology development
The U.K. Technology Strategy Board and Nova Scotia's Offshore Energy Research Association have announced their plan to jointly invest about $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.
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