![]() Tidal energy projects provide long-term price stability because the ‘fuel’ is free. This creates force-and energy-that can be transformed into something useful, like electricity. ![]() Tides are caused by the gravitational pull of the sun and moon, and the rotation of the earth, moving the oceans. ![]() Tides provide Nova Scotia with a predictable and consistent form of renewable electricity. ![]() Since its project began, Cape Sharp Tidal has awarded $33 million in local procurement contacts to companies like Hawboldt Industries, Aecon Group, Lengkeek Vessel Engineering, and Atlantic Towing. Local businesses-large and small-are already getting in on the action. Tidal energy offers significant economic opportunities.īy 2040, the tidal energy industry could contribute up to $1.7 billion to Nova Scotia’s gross domestic product (GDP), create up to 22,000 full-time jobs, and generate as much as $815 million in labour income, according to a study commissioned by the Offshore Energy Research Association of Nova Scotia (OERA). We are harnessing the power of the sun and moon to create energy from the tides – right here, right now, in Nova Scotia.
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