Clean Current, a British Columbia company dedicated to tidal energy technology development, is closing its business.
“All obligations to employees, suppliers and business partners have been met and the Company will be wound down in an orderly way,” the company said.
Clean Current became the first company to manufacture and deploy a ducted bi-directional tidal turbine, which was deployed in the Race Rocks Environmental Reserve off Vancouver Island, Canada in 2006.
That turbine is now permanently displayed at the Canadian Science and Technology Museum on Ottawa, Ontario, Canada.