Total global power consumption is less than 10 terawatts (TW) annually, but it is estimated the potential for tidal energy could exceed 450 TW. The majority of the locations suited for harnessing tidal energy are located in Asia and North America, with only few of them in operation. As a matter of fact the first tidal energy project in the United States was put in place off the coast of Eastport, Maine just last year. Although municipalities and private companies have been slow to adapt this technology, the pace has picked up around the world for this reliable and renewable energy source.
Tocardo Tidal Turbines, a Dutch hydropower turbine manufacturer and Climex, a carbon credit trading and energy contracting firm, have entered into an agreement to sell the energy Tocardo generates through its turbines on the Climex green energy trading platform. This will be one more option for organizations in need of green energy to reduce their carbon footprint.
Strict regulations put in place by municipalities around the world demands that organizations be held accountable for the amount greenhouse gases they emit. By purchasing carbon credits from green energy producers they are able to offset their pollution and meet the regulation the law demands.
Tidal energy is seen as a new technology, but it has been in use for some time now. The La Rance tidal barrage in France has been in use for almost 45 years, and it is still operational. Proponents of this type of energy point out the longevity of this technology compared to other technologies. Additionally it doesn't require fuel, has minimal maintenance, and low operational costs.
"Our agreement with Climex will make tidal energy readily available to corporations and government agencies at competitive prices. This is an important step in Tocardo’s efforts to create a well-functioning market for tidal energy, which can provide 10 percent to 20 percent of the world’s demand for electricity," said Hans van Breugel, CEO of Tocardo.
Climex gives its customers an efficient platform when it comes to energy contracting, competitive buying and selling of carbon credits. As a leader in this field it provides procurement of energy and sustainable energy, compensation of the CO2 footprint, distribution of carbon credits (EUAs, CERs, VERs, ERUs and AAUs), and advisory services and energy information applications.
Edited by Alisen Downey