Fundy Tidal signs a memorandum of understanding with the Scottish spin-out for a 500kW tidal project.

Nautricity, a Scotland-based tidal energy technology specialist, has signed a memorandum of understanding with Canada-based Fundy Tidal to develop a 500kW tidal project at Petit Passage in Nova Scotia.

Spun out of Strathclyde University, the company is developing next generation tidal energy solutions. The company recently celebrated a success when it was given permission to deploy its first Contra Rotating Marine Turbine device (Cormat) in the Irish Sea in May 2014 – only the fourth company to be given this consent.…