The two countries have been working together on a number of projects. Nautricity, one of several United Kingdom companies and academic institutions that have been working in Canada to advance the development of the areas ocean power industry. The remain on the cutting edge of development and technology, Canada needs innovative thinking partners such as the United Kingdome. They are completely committed to accomplishing what it takes for this industry to flourish.
The partnership is also occurring on a policy level, as both countries recognize the benefits and experience overlaps in the ocean energy realm. Marine energy is part of a greater effort by both countries to encourage excellence in cross-sector growth for sustainability and services in low carbon technology. Marine energy represents a major factor in the United Kingdom low carbon agenda, as they feel the tidal and wave energy represents a potential to generate around $23 billion (U.S.) for the British economy by the year 2050.
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