OpenHydro and Emera launch new tidal energy initiative

OpenHydro, a DCNS company, and its Canadian partner Emera Inc. have formally launched a new joint venture business, called Cape Sharp Tidal. The objective of the new venture is to deploy a fully grid connected 4MW tidal array in the Bay of Fundy in 2015.

According to the partners, this project has the potential to be one of the world’s first multi-megawatt arrays of interconnected tidal turbines, providing energy to more than 1,000 customers in Nova Scotia.