Search results for: Fundy

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  • 21 November 2014
    Business & Finance

    Tribute Resources Inc. has established a new corporation called International Marine Energy Inc. (IME). IME has acquired the interests of Tribute in Western Tidal Holdings (WTH). It is the intent of Tribute to develop all further tidal power projects in Canada and internationally within IME. IME is currently a wholly owned subsidiary but Tribute is […]

  • 24 November 2014
    Business & Finance

    Fundy Tidal has closed investment by Tribute, through its wholly owned subsidiary International Marine Energy Inc. (IME), on November 6, 2014, during the International Conference on Ocean Energy 2014 in Halifax, Nova Scotia. IME subscribed for 10% minority interest in Fundy Tidal, being 398,500 common shares, for a subscription price of $597,750.  In addition, the […]

  • 2 August 2013
    Business & Finance

    Fundy Tidal Inc. (Fundy Tidal) seeks to issue a maximum of $3 million dollars in shares through the Province’s Community Economic Development Investment Fund (CEDIF) program. The investment is RRSP eligible and is only available to Nova Scotia residents who are 19 years of age or older. Fundy Tidal is seeking investment funds to continue […]

  • 21 November 2013
    Business & Finance, R&D, Technology

    Tribute Resources Inc., Fundy Tidal Inc., and Tocardo International BV have defined terms for a strategic partnership to develop 3 MW of tidal power at three locations in the Bay of Fundy, Nova Scotia, Canada. The partnership outlines terms for the proposed participation by TRB and Tocardo of a strategic interest in Fundy Tidal as […]

  • 12 September 2014

    Tribute Resources Inc. and Fundy Tidal Inc., have formed the Digby Gut Limited Partnership to develop the 1.95MW small-scale tidal COMFIT project awarded to Fundy Tidal by the Province of Nova Scotia. Offices in Digby County are planned to open by year’s end complementing Fundy Tidal’s presence and activities underway in Grand & Petit Passages. […]

  • 7 November 2013
    Business & Finance

    Fundy Tidal Inc. announced yesterday that it is set to attract local investment for community projects, as it has successfully completed its Community Economic Development Investment Fund (CEDIF) Offering. “In so doing the company is confirmed as an eligible proponent under the Province of Nova Scotia’s Community Feed-In Tariff (COMFIT) program by establishing itself as […]

  • 20 November 2013
    R&D

    The Municipality of Digby, the Town of Digby and Fundy Tidal Inc. have entered into an agreement to develop the “Digby Community Energy Trust” to coordinate resources and investment into infrastructure in support of research, development and commercialization of tidal power systems and services in the region. The Trust also seeks to provide the core […]

  • 9 November 2011

    Nova Scotia continues to be a world leader in tidal energy with the completion of a new $1.3-million visitor centre and the arrival of the subsea power cables required to deliver electricity from the Bay of Fundy to Nova Scotia homes and businesses. The Fundy Ocean Research Centre for Energy (FORCE) officially opened the 3,000 […]

  • 17 July 2013
    Business & Finance

      OERA (Offshore Energy Research Association) is inviting applications from community based or not-for-profit organizations in the Bay of Fundy region to participate in an OERA established Participation Support Fund. The purpose of the Participation Support Fund is to provide modest one time grants to local organizations or community groups to undertake small research initiatives […]

  • 27 August 2013

    Nova Scotia hopes to become a world leader in tidal technology, writes The Global and Mail. Even though Nova Scotia has one of the most powerful tidal currents in the world, tidal development is moving at a very slow pace. In order to speed up the process Ottawa, Nova Scotia, Encana Corp. and several tidal […]

  • 2 June 2014
    Environment, R&D, Technology

    The Nova Scotia Offshore Energy Research Association (OERA) awarded funding to Fundy Tidal Inc., the Canadian Whale Institute (CWI), and Conserve.iO for a marine life observation program including public participation. Free smartphone applications will be available to public (“citizen scientists”), whale tour operators, and other users (including trained dedicated observers) to participate in recording marine life observations for tidal energy and […]

  • 5 May 2013
    Authorities, Business & Finance, R&D

    Fundy Tidal Inc. (Fundy Tidal), Acadia University, and Dalhousie University’s Department of Oceanography will continue R&D activities to identify the best locations for small-scale tidal power projects in Digby County bolstered by a three-year, $3.3 million research project. Funding of $1.6 million will come from Natural Resources Canada through its 2012 ecoEnergy Innovation Initiative competition. […]

  • 8 November 2013
    R&D, Technology

    Fundy Tidal Inc. and Clean Current Power Systems Inc. have entered into an agreement to test and demonstrate a 3.5m diameter Clean Current tidal turbine as part of a Tidal Power System (TPS), including energy storage and system controls that enable balancing of power production with community load (TPS project).   The TPS project is […]

  • 31 March 2014
    R&D, Technology

    Black Rock Tidal Power (BRTP) has been awarded one of only two demonstration berths by the Nova Scotia Government. The Honourable Andrew Younger, Minister of Energy announecd this at the Nova Scotia Comunity College in Dartmouth on Friday. The company will showcase its innovative technology at the Fundy Ocean Research Center for Energy (FORCE), Canada’s leading […]

  • 3 June 2015
    Authorities, R&D

    The Offshore Energy Research Association (OERA) has been commissioned by the Nova Scotia Department of Energy to execute a two stage Request for Proposals (RFP) process that will lead to retaining the services of a project team to undertake an in-stream energy resource characterization study for a prescribed area in the Bay of Fundy. Expressions […]

  • 30 June 2011

    Nova Scotia is trying to position itself as a leader in tidal energy. The province is inviting experts from all over to attend a meeting to boost the industry and encourage opportuinites in Nova Scotia. “Nova Scotia has many strong assets in the tidal energy industry: the powerful Fundy tides; the Fundy Ocean Resource Centre […]

  • 8 December 2014
    Business & Finance

    Tribute Resources Inc. (Tribute) has sold a 50% interest in International Marine Energy Inc. (IME) to Mark and Chad Himmelspach and related entities (collectively referred to as “Himmelspach”). IME is now owned 50% by Tribute and 50% by Himmelspach. IME has acquired the interests of Tribute in Western Tidal Holdings (WTH) in consideration for milestone […]

  • 21 July 2015
    Authorities, Business & Finance, R&D

    Nova Scotia has launched two new international research grants to further advance its position in the tidal industry. The two projects, worth $1.43 million, will help governments, industry and researchers better understand the effect tidal technology has on the marine environment, and the impact of the marine environment on that technology. This is the first announcement under […]

  • 22 December 2014
    Authorities, Business & Finance

    Nova Scotia Government has granted four awards that will help tidal energy developers deploy the first turbine arrays in the Bay of Fundy. In October, developers at the Fundy Ocean Research Centre for Energy (FORCE) applied to the Department of Energy to receive a developmental feed-in tariff, an established price per kilowatt hour. The Utility and […]

  • 22 October 2015
    Vessels

    Atlantic Towing Limited of Dartmouth, Nova Scotia has secured a contract to provide marine tug and barge services to the Cape Sharp Tidal project. Cape Sharp Tidal is a multi-phase project with plans to grid-connect a 4MW demonstration tidal array in Nova Scotia’s Bay of Fundy in the coming months. The Atlantic Towing contract is […]

  • 16 May 2014
    Technology

    FORCE and its partners will hold a public meeting on Tuesday, May 20, in Parrsboro. They will offer an update on the tidal energy project in the Bay of Fundy, as well as introduce some of their new members. This will be an opportunity to meet and hear from: Minas Energy, Marine Current Turbines (a Siemens business), and Bluewater, OpenHydro […]

  • 20 July 2015
    R&D, Technology

    The Fundy Ocean Research Center for Energy (FORCE) has unveiled two advanced underwater monitoring platforms, now in their final stages of testing in Dartmouth before sea trials in the Bay of Fundy. “To harness the enormous power of the Bay of Fundy responsibly, we have to understand it,” said FORCE general manager Tony Wright. “We’ve built two subsea instrument platforms that will give […]

  • 26 May 2014
    Authorities, Environment

    The Offshore Energy Research Association of Nova Scotia (OERA) has announced the release of the Update to the Bay of Fundy Strategic Environmental Assessment (SEA) and the Strategic Environmental Assessment (SEA) Community Response Report for the Cape Breton Region. A Strategic Environmental Assessment (SEA) is a consultative process that explores the social, environmental and economic […]

  • 19 May 2014
    Environment

    The Nova Scotia Offshore Energy Research Association (OERA) awarded funding to Fundy Tidal, the Canadian Whale Institute (CWI), and Conserve.iO for a marine life observation program including public participation. Free smart phone applications will be available to public (“citizen scientists”), whale tour operators, and other users (including trained dedicated observers) to participate in recording marine […]

  • 16 April 2015
    Authorities, Business & Finance

    Canadian government has announced investments totaling over CAD 8 million for two clean technology projects in Nova Scotia, which will support jobs, economic growth and the environment. The funding was provided though Sustainable Development Technology Canada’s (SDTC) SD Tech Fund. The funding was announced by Peter MacKay, Minister of Justice and Attorney General of Canada, and Scott Armstrong, […]

  • 15 July 2015
    R&D

    The Fundy Ocean Research Center for Energy (FORCE) has unveiled two advanced underwater monitoring platforms, now in their final stages of testing in Dartmouth before sea trials in the Bay of Fundy. “To harness the enormous power of the Bay of Fundy responsibly, we have to understand it,” said FORCE general manager Tony Wright. “We’ve […]