Tidal Project in Bay of Fundy Gets CAD 5 Million in Funding (Canada)

February 18, 2013

The Harper Government is showing its commitment to stimulating innovation and job creation with an investment of $61.8 million to help 23 new clean technology projects from across the country reach commercialization. One of these projects is ARC-1000 full scale tidal turbine demonstration at FORCE, which got $5 million investment from Sustainable Development Technology Canada (SDTC).

The project will be developed by a consortium led by Atlantis Operations (Canada), with Lockheed Martin Canada (LMC) and Irving Shipbuilding (ISI) as partners.

Nova Scotia’s Bay of Fundy is uniquely powerful with the potential to produce 2,000MW of renewable energy; however, it is more aggressive than other tidal sites around the world, making site development a significant engineering challenge.

Atlantis Resources is developing a 1+ MW tidal generator, the ARC1000, suited for this harsh environment – and able to withstand challenging conditions around the world. Based on results from a current prototype operating in Scotland, the project intends to re-engineer the technology with new features for anchoring, self-stalling blades in high currents, and horizontal alignment.

Atlantis’ long-term target is to produce electricity that is cost competitive with the most efficient renewable energy technologies. The proposed project is targeting to achieve GHG reductions in Canada in excess of 735kt CO2e each year by 2020.

[mappress]

Offshore WIND Staff, February 18, 2013; Image: Atlantis Resources Corporation