A federal funding announcement today marks a significant new chapter for tidal energy research at Acadia University.
Acadia’s leadership in tidal energy research goes back decades. It got a boost today with $2.6 million in funding from Natural Resources Canada for a three-year project to better understand the probability of fish interactions with proposed tidal stream energy devices in the Minas Passage.
The report brings together the most up-to-date information on the potential environmental effects of marine renewable energy development, shares helpful resources, and identifies a path forward to advance the marine renewable energy industry in a responsible manner. This report is a culmination of OES-Environmental Phase 4, a four-year effort spanning 2020-2024. OES-Environmental is an international initiative dedicated to understanding the environmental effects of marine renewable energy that includes representation from 16 nations. The 2024 report builds upon the 2020 State of the Science Report, the 2016 State of the Science Report, and the 2013 Final Report for Phase 1 of OES-Environmental.
The wave and tidal energy market is forecasted to grow by USD 1.25 billion during 2023-2028, accelerating at a CAGR of 27.47% during the forecast period. The report on the wave and tidal energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
