Canadian firm brings hydrokinetic energy tech to Guyana
Canada’s Instream Energy Systems (IES) has signed a Memorandum of Understanding (MoU) with not-for-profit organisation Iwokrama International Centre for the development of hydrokinetic energy in Guyana.
As part of the collaboration, Iwokrama is keen to develop and implement joint green energy initiatives and models to support itself and local riverain communities and scale up to larger industrial and commercial projects.
The agreement was signed by Instream’s CEO Dave Dennis and CEO of Iwokrama Dane Gobin.
“We are delighted that Iwokrama recognizes the value in our versatile hydrokinetic energy solutions to help them meet their environmental and conservation goals. Our sincere thanks to Major General Singh who was an essential catalyst in connecting our technology with this amazing opportunity,“ Dennis said.
Instream, founded in 2008 in Vancouver, works with multiple strategic partners, licensees, and stakeholders committed to sustainable energy to implement its technology for North and South America, the UK, and EU projects.
The company has been part of a consortium of experts in an InTER project, part-funded by Innovate UK and led by ITPEnergised, which saw the launch of the Marinus floating tidal energy platform.
The platform was designed to support vertical axis tidal turbines developed by Instream and technology defence specialists BAE Systems.
Iwokrama’s Gobin added: “Iwokrama looks forward in earnest to this collaboration. The Centre has introduced new technologies to Guyana in the past and believes that working with Instream can indeed further community livelihoods, conservation and other development objectives contained in the Low Carbon Development Strategy 2030. Green energy remains an important objective for Guyana.”
The Iwokrama International Centre was established in 1996 under a joint mandate from the Government of Guyana and the Commonwealth Secretariat.
The not-for-profit organization is governed by an International Board of Trustees and managed by a team of around seventy staff in Georgetown and at the Iwokrama River Lodge and Research Centre Kurupukari.
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