The UK plans to invest $26 million per year into funding for tidal power. Canada is also betting big on tidal power, hoping to harness some of the world’s highest tides in Nova Scotia. While Scotland and Canada become pioneers in tidal energy technology, the rest of the world is sitting and waiting to see if these investments pay off. Tidal power is expected to grow exponentially over the next decade as several countries boost investments in the renewable energy source. As Scotland secures funding for a huge new project, Canada expects to start operations in 2022. While financing is an issue, due to high set-up and operational costs, other countries could also start to establish tidal projects if early developments are seen to be a success. Scottish firm Nova Innovation has secured a $2.83 million investment from the European Innovation Council Accelerator Fund for its planned Upscaling Tidal […]