New Company Set Up to Harness Tidal Power
- Business & Finance
A new company set to harness the power of tides has been launched in North Wales at the end of October. North Wales Tidal Energy, based in St Asaph, will focus on the development of tidal lagoons, North Wales news site reports.
“Our vision is the development of a world-leading integrated tidal energy lagoon and coastal protection system that provides an enduring and sustainable source of natural renewable energy, employment and environmental security to benefit the communities of North Wales.
“The achievement of our vision will require liaison and engagement with many stakeholders. As a locally led and managed entity, with its foundations in North Wales, we will be professional, commercial and ethical partners with all parties, keeping the benefit of the community at the heart of our operations,” the Company said in a press statement.
North Wales Tidal Energy plans to provide power from tides while protecting the environment and to secure long-term employment.