Atlantis' AK 1000 turbine will be installed in the Bay of Fundy.
Multi-billion dollar corporations are investing resources, time and money into developing tidal power in Nova Scotia, but if we’re to believe provincial authorities and the corporations’ reps, the corporations have no idea if they’ll make money or not.
Last year the province issued a Request for Proposal for development of a tidal facility in the Fundy Ocean Research Centre. The new facility will hook into a transmission line recently built with federal funds, and any power generated would be bought by Nova Scotia Power. The idea was that the new facility would help develop tidal technology, which has recently seen a major setback with the failure of a turbine installed by OpenHydro, a company owned in part by Emera, the parent company of Nova Scotia Power.