American Tidal Power Company to Invest in Scotland

ResHydro, a U.S.-based tidal power company, has decided to invest in Scotland by establishing an operations base there, the Scotsman informs.

The company will work together with the University of Strathclyde on developing its hydrokinetic energy generation device. Scottish Enterprise will support ResHydro’s research and development project with GBP 100,000.

First Minister Alex Salmond has welcomed the decision from the American company. “Scotland has an incredible wealth of energy resources and is leading the way in the development of marine renewables technology. ResHydro’s decision to invest in Scotland and work in partnership with one of our leading universities to further their research and development plans is testament to that,” the news site quotes Mr. Salmond.

[mappress]

Offshore WIND Staff, April 8, 2013; Image: ResHydro