WASHINGTON, May 26 /CNW/ -- Alstom Hydro(*) has signed a licensing
cooperation agreement with Clean Current Power Systems Incorporated, a
private Canadian company specialised in the design and testing of tidal energy
According to the main environmental regulatory bodies, this emerging
energy source will soon play a significant role in renewable energy power
generation. If all eligible tidal stream sites worldwide were equipped with
this technology, a potential 100 TWh of electricity, representing the
equivalent of the consumption of 20 million western European households or 3
times the total consumption of Denmark, could be produced annually (sources:
International Energy Agency, IEA).
In addition to its energy production potential, tidal stream power
technology presents numerous advantages to the environment. It is clean,
natural, invisible, and does not emit any greenhouse gases. Moreover, being a
100% predictable and inexhaustible energy source, it represents a durable new
energy supply to respond to growing electricity demand.
The terms of the agreement between Alstom Hydro and Clean Current Power
Systems Incorporated include an exclusive worldwide license for ocean and
tidal stream applications for Clean Current's patented technology(*)(*). The
agreement also includes provisions for continued close cooperation between
both parties in order to further develop technology, deploy demonstrator units
and subsequently position Alstom Hydro as both an equipment and turnkey
provider for tidal stream farms. Alstom plans to commercialise its first tidal
stream products by 2012.
Commenting on today's announcement, Philippe Joubert, President, Alstom
Power, said, "We are very excited about getting involved in this innovative
renewable energy technology which is at the crossroads of Hydro and Wind
technologies. This will enable us to leverage our market leading Hydro and
Wind technologies, and the experience we have gained in these fields."
Mr. Joubert added, "We will be happy to provide an additional viable
solution to our customers for meeting their renewable energy production
targets and we look forward to government backing in order to further develop
this new CO2-free technology."
"Clean Current is very pleased to partner with Alstom Hydro, the world's
Number 1 hydro company. Alstom's considerable resources applied to this new
energy field will be a great asset for tidal energy," said Glen Darou, Clean
Current's President and CEO.
(*) Alstom Hydro has over 400 GW of turbines and generators installed
worldwide which represent more than 25% of the total global hydropower
installed capacity. As the world leader in the supply of hydropower
equipment & services, Alstom Hydro offers products and turnkey
solutions that cover all hydropower schemes, from large to small, from
run-of-river to pumped-storage. With more than 6000 employees in 19
countries Alstom Hydro offers the broadest range of products and
services for new installations, refurbishment, upgrading and services.
(*)(*) Clean Current's tidal energy technology consists of a horizontal axis
ducted turbine with a direct drive variable speed permanent magnet
generator. The turbine generator is equally efficient in both
directions in order to fully utilize two-way tidal currents. In
addition, the equipment that operates under the sea has been designed
to minimise risks of outage and maintenance. The outer duct improves
hydraulic efficiency and leads to more robust operations (more tolerant
to variations in current directions and turbulence).
Alstom is a global leader in the world of power generation and rail
infrastructure and sets the benchmark for innovative and environmentally
friendly technologies. Alstom builds the fastest train and the highest
capacity automated metro in the world, and provides turnkey integrated power
plant solutions and associated services for a wide variety of energy sources,
including hydro, nuclear, gas, coal and wind. The Group employs 81,500 people
in 70 countries, and had orders of 24,6 billion euros in 2008/09.
About Clean Current
Clean Current Power Systems Incorporated is a private Canadian company
based in British Columbia that develops, designs and tests proprietary tidal
energy technology that converts the kinetic energy of tidal currents into
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