Eco Factor: Growing global interest in tidal energy, which ensures the development of another clean energy source.
Morgan Stanley has been a keen investor in tidal energy, with their own project development sector “Current Resources” being a part of the tidal energy development programs. But Atlantis Resources Corporation has acquired this firm from Morgan Stanley, and the mutual partnership augurs well for tidal power. Atlantis has been a Singapore-based firm since 1996 and has developed turbines to harness energy from both shallow water currents and deep ocean currents.
Solon would work in deep waters with strong currents while Nereus is a turbine that produces energy in shallow water. These, along with more companies across the globe who are willing to invest in tidal energy, make sure that the future of tidal energy is alive and bright.
The Dark Side:
While tidal energy is a lot more consistent than wind energy, with changing climate patterns across the globe, they might be hard to tap into. Maintenance of equipment in deep saline waters and harsh ocean conditions is also a challenge companies have to face. At the moment, tidal power just does not seem economically viable enough to interest too many big firms that are turning to solar and wind energy.
Via: Earth2tech
