Auckland, New Zealand Dec. 15, 2009 – World Energy Research (WER), an energy research and investment company, has announced close out of its first round of investment for a Scottish tidal turbine project. We are moving directly into Stage 2 of investment allocation.
The energy technology company Blue Energy Canada Inc is conducting the tidal turbine experimental project with funding generated by a joint venture agreement with WER.
The underwater turbine in development harnesses the power of the tides to create a source of clean, emissions-free energy. The first steps have been completed and the company is embarking on the next phase. Construction/Upscale of Blue Energy’s first large scale power plant (10/200MW) is slated for Scotland in 2012 at the site of one of the world’s best tidal energy sources.
Some of the benefits of Blue Energy’s undersea turbine model include:
• The turbines require no fuel to operate;
• They run continually regardless of weather;
• Power output is predictable;
• The design is economical to build, install and maintain;
• It has a light ecological footprint.
Another unique advantage it has over other tidal technologies being developed is the modules can be stacked and connected to form a bridge above the water line, thereby creating multiple functions and potential income sources.
To receive financials from WER or to inquire about investing in Stage 2, contact an account executive at World Energy Research.
- written by World Energy Media editorial division