Friday, 24 October 2014

Fundy Tidal attracts investment and project partner for Digby Gut Project

Digby, Nova Scotia, September 11, 2014

 

Tribute Resources Inc. (TSX-V: TRB) and Fundy Tidal Inc. (Fundy Tidal), have formed the Digby Gut Limited Partnership to develop the 1.95MW small-scale tidal COMFIT project awarded to Fundy Tidal by the Province of Nova Scotia. Offices in Digby County are planned to open by year’s end complementing Fundy Tidal’s presence and activities underway in Grand & Petit Passages.

The partners will work with Dutch-based tidal turbine producer, Tocardo, to commission the project which may include the installation of up to 16 of their T200 turbines and the design and development of a floating barge platform to house them. The project team is also exploring potential facilities and local supply chain relationships in Digby County to serve the needs of the project and to possibly serve as a Tocardo’s tidal turbine assembly and manufacturing plant in North America.

The partners are striving to have a system operating by fall of 2015 in Digby Gut and expanding upon it in the following year. Many factors may influence this timeline including the completion of financing, regulatory and environmental approvals and insuring we continue to have community and stakeholder support.

Subject to shareholder approval at Fundy’s forthcoming AGM, TRB will also take a minority equity interest in Fundy Tidal directly and have representation on the Board of Directors of Fundy Tidal including TRB CEO Jane Lowrie.  Jennifer Lewis, the CFO of TRB, will also be appointed CFO of Fundy Tidal.


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Nautricity - Fundy Tidal sign a MoU to develop tidal energy at Petit Passage, Nova Scotia

Digby County, Nova Scotia Canada- June 24, 2014- Nautricity Ltd. and Fundy Tidal Inc. (Fundy Tidal) are pleased to announce the signing of an MOU to develop a 500kW tidal project in Nova Scotia, Canada’s Petit Passage.

Nautricity is completing system testing of its CoRMaT and Hydro-buoy technologies at the European Marine Energy Centre (EMEC) off the Orkney Islands in Scotland. The project at Petit Passage provides flows similar to those at the EMEC site and approach the speeds found at the FORCE site in Nova Scotia.

“We are delighted with the opportunity to partner with Fundy Tidal on the delivery of this important project,” says Cameron Johnstone, CEO of Nautricity. “This is a great platform to demonstrate how new approaches to the development of tidal energy projects can deliver benefit to both Nova Scotia and Scottish companies. The opportunity for tidal development around the world is immense, and Scotland and Nova Scotia have some of the best resources and best developed regulatory regimes anywhere.”

Vince Stuart, President of Fundy Tidal stated “We have been in discussions with Nautricity for a couple of years and are most pleased that both our companies have evolved to the stage where we are now formerly working together in the delivery of the Petit Passage project. This partnership is a concrete example of the desire of both the Scottish and Nova Scotia governments and industry to foster collaboration on marine energy developments.”


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Second Public Meeting Announced for Request for public input on potential locations for tidal turbines in Grand Passage

May 16, 2014

A second meeting in addition to the one being held in Freeport at 11 AM Sunday, May 18th has been set for Thursday, June 5th at 7:15 PM at the Westport Community Hall to enable as many people to participate as possible. Please see the original notice for further details.

 


Where's the whale? There's an app for that!

May 26, 2014

Funding awarded for collaborative marine life observation program including Grand Passage, Petit Passage, Digby Gut and adjacent waters.

The Nova Scotia Offshore Energy Research Association (OERA) awarded funding to Fundy Tidal Inc. (Fundy Tidal), the Canadian Whale Institute (CWI), and Conserve.iO for a marine life observation program including public participation. Free smart phone applications will be available to public ("citizen scientists"), whale tour operators, and other users (including trained dedicated observers) to participate in recording marine life observations for tidal energy and other scientific purposes. Observations will be uploaded to a common online database, and users will be able to assess species composition, distribution, abundance and seasonality. The program will enhance efforts currently underway by local whale and seabird tour operators.


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Request for public input on potential locations for tidal turbines in Grand Passage

May 01, 2014

Fundy Tidal is seeking public input on potential locations for tidal turbines in Grand Passage.  Turbine locations will be selected based on many factors, including community input, flow speeds, depth, seabed, waves, marine life, fishing zones, and acceptable infringement on navigation.  Fundy Tidal is currently assessing these factors working in collaboration with Dalhousie University, Acadia University, University of New Brunswick, Dynamic Systems Analysis, and Clean Current Power Systems.

A 1-year demonstration is planned with a turbine from Clean Current, with deployment scheduled for spring 2015.  The Clean Current turbine is 3.5 m in diameter and has a rated power of 65 kW.  The turbine would supply approximately 130,000 kWh of energy annually, which is enough to power approximately 6 to 8 homes. The Clean Current turbine is shown on Figure 1, and more information is available at www.cleancurrent.com.


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