Friday, February 8, 2008

News: Japanese backing for Rotherham firm's tidal power project


Japanese trading and investment giant, Marubeni has joined other investors including the Viking Fund who have pledged a total of £580,000 to back Pulse Tidal's plans to install its tidal stream energy generator in the Humber estuary later this year. Based at the Innovation Technology Centre on the Advanced Manufacturing Park in Rotherham, the company has secured a further £1.1 million of Government and European money through the involvement with the LIFE-IC business accelerator. It uses high-performance hydrofoils similar to aeroplane wings, which move up and down like a whale's tail, to generate up to 100kW of electricity - enough power for 70 homes – which will be fed into the National Grid through Millennium Inorganic Chemicals' plant. nPower have announced plans for a tidal power scheme off the coast of North Wales.


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