Atlantis Resources and RusHydro’s subsidiary JSC Lenhydroproject have agreed to work together on the development of tidal power plants projects in Australia.
Under the memorandum of understanding, both the firms will identify potential sites in Western Australia to build facilities that will use tidal range orthogonal turbines and a solution of RusHydro.
The companies, which will also conduct feasibility study for the projects, have already started water and energy calculations at several sites to identify capacity and annual output.
Atlantis Resources will submit a funding application to Clean Energy Finance Corporation in Australia later in 2014.
RusHydro said tidal power capacity along the coastline of Western Australia exceeds 6.1 kW/m2, which is substantially higher than in many other tidal power projects implemented globally.
RusHydro deputy chairman of management board and general director of Lenhydroproject Vladimir Pekhtin said the company’s cooperation with Atlantis is an important step in promotion of innovative technologies, such as orthogonal turbine to the global markets.
"World’s interest in tidal energy is increasing every year, as well as the need for advanced technical solutions allowing tidal power to compete in the power market," Pekhtin said.