The U.K. Technology Strategy Board and Nova Scotia’s Offshore Energy Research Association have announced their plan to jointly invest about US$1.25 million to accelerate tidal energy development.
The financing deal is the result of a memorandum of understanding signed in March that targets improvements that could be used to further the equipment required to produce energy in high-tide areas like Canada’s Bay of Fundy — or specifically, advancing environmental monitoring, sensing and instrumentation technologies.
The proposals must be “business-led and collaborative with representation from both Canada and the UK”, with partners to “attract up to 50% public funding for costs, or 60% for small to medium-sized enterprises.”
Full eligibility requirements can be found on OERA’s website here.
The call for applications opens runs through November 28. Interested parties can submit an online registration form here.
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