Canada's Jupiter Hydro has been granted two operational permits by Nova Scotia's Department of Energy and Mines to test a 1 MW, standalone tidal prototype and a second system of up to 2 MW in the Bay of Fundy. Nova Scotia has also granted Jupiter Hydro a power purchase agreement that allows the Calgary company to sell the electricity it generates to Nova Scotia Power for C$0.50 per kilowatt-hour. The project is part of an ongoing effort to develop new technologies for energy storage that can be used on large scale power grids or as backup sources when conventional generation capacity becomes uneconomic.
Canada's Jupiter Hydro has been granted two operational permits by Nova Scotia's Department of Energy and Mines to test a 1 MW, standalone tidal prototype and a second system of up to 2 MW in the Bay of Fundy. The project is part of an ongoing effort to develop new technologies for energy storage that can be used on large scale power grids or as backup sources when conventional generation capacity becomes uneconomic.