But on Friday, Naval Energies announced it was out of the tidal turbine business and would instead concentrate its efforts on floating wind turbines and marine thermal energy conversion. It also said in Canada there is “great sensitivity” to the cost of the technology.
The cost of energy from more mature markets of renewables such as wind and solar power remains much lower, about a third less, than tidal, Naval Energies CEO Laurent Schneider-Maunoury said in an interview Friday. #nspoli
