Ottawa – As Canada continues to move towards a low-carbon economy, renewable energy sources such as tidal and wave energy will play an increasingly important role in powering our cities, transportation and industries. With the world’s longest marine coast and one of the largest fresh water supplies, Canada has a major opportunity to create new jobs and economic growth by capturing the power of our marine and fresh water resources in an environmentally sustainable way.

“The tidal energy sector has enormous potential to contribute to the growth of the low-carbon economy in Canada. The Government of Canada is working with sector stakeholders and investing in not only tidal technology development, but research to address issues fundamental to the long-term viability of the industry, including environmental impacts and operations in harsh marine environments.” – Kim Rudd, Parliamentary Secretary to Canada’s Minister of Natural Resources

The Offshore Energy Research Association (OERA) on Nov. 9, announced funding of $1.25 million in support of five collaborative research projects to address knowledge gaps and challenges associated with tidal energy development in Canada. The funding includes $1 million from Natural Resources Canada (NRCan) with the Nova Scotia Department of Energy and OERA each contributing $125,000.

“Our investment in innovative research and development creates new opportunities for Nova Scotia’s gro ...