Federal Minister of Natural Resources Jim Carr announced a $1-million investment in a tidal energy project June 22, led by the Offshore Energy Research Association (OERA).
The project, which aims to address knowledge gaps and challenges associated with tidal energy in Canada, received the funding from NRCan's Energy Innovation Program. The Province of Nova Scotia and OERA have each contributed $125,000 to the project.
OERA is an independent, not-for-profit organization that funds and facilitates collaborative offshore energy and environmental research and development including the examination of renewable energy resources and their interaction with the marine environment.