Emera and OpenHydro teamed up in 2014 to form the Cape Sharp Tidal Project to bring tidal technology to Nova Scotia. In the coming months, the project has potential to deliver one of the first, multi-megawatt, multi-turbine tidal arrays in the world.
OpenHydro

OpenHydro, a Naval Energies company, specialises in the design, manufacture and installation of marine turbines generating renewable energy from tidal streams. The company’s vision is to deploy tidal turbine arrays under the surface of the oceans to produce energy invisibly, economically and with no impact on the environment.

OpenHydro is at the forefront of the tidal industry, with almost one gigawatt of project development in the pipeline in partnership with utility companies and project developers. It has a project portfolio spanning Canada, France, Northern Ireland, Scotland and the Channel Islands with utility partners including Emera, EDF, Brookfield Renewable Energy Group, SSE Renewables and Alderney Renewable Energy. OpenHydro has won a number of awards for its innovations in the field of renewable energy technology. OpenHydro has achieved a number of industry firsts including being the first to deploy a tidal turbine at the European Marine Energy Centre (EMEC), the first to connect to and generate electricity from tidal streams onto the UK National Grid and the first to successfully demonstrate a method of safely and economically deploying and recovering turbines directly on the seabed. openhydro.com.

Naval Energies is a world leader in naval defence and an innovative player in energy. The Group’s success as an advanced technology company with global reach is built on meeting customer needs by deploying exceptional know-how, unique industrial resources and an ability to develop innovative strategic partnerships. Naval Energies designs and builds submarines and surface combatants, develops associated systems and infrastructure, and offers a full range of services to naval bases and shipyards. The Group has also expanded its focus into marine renewable energy. Aware of its corporate social responsibilities, Naval Energies is a member of the United Nations Global Compact. Naval Group generates annual revenues of €3.1 billion and employs 13,130 people (2014 data). naval-group.com.

Emera

Emera Inc. is a geographically-diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $28 billion in assets and 2016 revenues of more than $4 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera continues to target achieving a minimum of 75% of its adjusted net income from rate-regulated businesses. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.

 

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