Canada: Tidal Energy Firm Says Enters Bankruptcy as Regulatory Hurdles Derail Planned Project
dynamic positioning systems.Operations suspended amid regulatory uncertainty"Recently, the firm suspended its operations at Grand Passage, while conversations with government officials and the project investors continued to take place," Sustainable Marine Canada said.Sustainable Marine CEO Jason Hayman said a decision was made to place the company into voluntary bankruptcy after receiving a letter from the Minister of Fisheries, Oceans and the Canadian Coast Guard, which failed to provide investors with any confidence or certainty."It did not answer questions posed to the department about
BMT's Off-grid Project Enabling Rural Electrification in Canada
participants in the energy transition movement, but managing this increasing engagement poses its own set of challenges - incorporating technical, regulatory, social and economic elements”, added Byrtus.BMT's project partner Sustainable Marine Energy’s (SME) Chief Executive Officer Jason Hayman commented about its collaboration with BMT and the Nova Scotia testing:“The energy transition is picking up speed and it's great to see a growing uptake of renewables. This can be challenging for island and coastal communities, and we think that new sources of renewable energy like
Tidal Energy System Powers Up in Nova Scotia
;s power system, making it the first to deliver in-stream tidal power to the grid in Canada. “This marks an incredible milestone in our journey to help communities achieve energy independence and fight climate change by harvesting clean energy from the waters around them,” said Jason Hayman, CEO of Sustainable Marine, the company behind the operation. “We have the potential to revolutionize the Atlantic power grid entirely by tapping into the resource available to us at the Bay of Fundy and we are committed to working collaboratively with our provincial and federal government
Renewable Energy: First Floating Tidal Power Delivered to Nova Scotia Grid
permits and berths at FORCE (Fundy Ocean Research Center for Energy) for developers to demonstrate their energy generation prowess. “Achieving ‘first power’ to the grid from our new platform in Grand Passage signals a real inflection point for our business,” said Jason Hayman, CEO, Sustainable Marine. “It crystalizes the journey we’ve been on, following almost a decade of rigorous research, development and testing. The project has enabled Sustainable Marine to gradually acquire skills and resources to deliver turnkey projects, including a multipurpose
Sustainable Marine Preps to Feed Tidal Energy into Nova Scotia Grid
by the Province of Nova Scotia. Energization is expected in the coming weeks.“Harnessing the huge potential of in-stream tidal energy in the Bay of Fundy has long been considered a moonshot, but we’re now firmly on the launchpad and ready for lift-off,” said Sustainable Marine CEO Jason Hayman. “These waters are a huge, untapped, completely renewable and predictable source of energy, which is driven by the moon as it orbits our planet. The unique geometry of the Bay of Fundy turns this gravitational force into vast tidal streams that flow at speeds of up to 10 knots. It&rsquo
Sustainable Marine Ready to Deliver Tidal Energy in Early '22
demonstrate that Nova Scotia can produce 'clean' and predictable energy from its world-famous tidal streams, after completing construction of its substation at Grand Passage.“We are on target to connect the platform to the substation in the first quarter of next year,” said company Jason Hayman, CEO, while attending the annual Marine Renewables Canada conference in Halifax this week. “This will be a significant milestone for marine energy in Nova Scotia as it will be the first floating tidal platform to connect directly into the power grid.”Click here to watch Jason Hayman'
Atlantic Canada’s First Instream Tidal Energy Set for Delivery in Early 2022
that Nova Scotia can produce vast amounts of clean and predictable energy from its world-famous tidal streams, after completing construction of its substation at Grand Passage.“We are on target to connect the platform to the substation in the first quarter of next year,” said company CEO Jason Hayman while attending the annual Marine Renewables Canada conference in Halifax this week. “This will be a significant milestone for marine energy in Nova Scotia as it will be the first floating tidal platform to connect directly into the power grid.”The firm has now successfully constructed
Riding the Tides: Interview with Jason Hayman, CEO, Sustainable Marine Energy
Harnessing the power of the tides is not for the squeamish, with the roster of trials and failures long and distinguished. Jason Hayman and his Sustainable Marine Energy crew are putting their tech to the test in one of the harshest spots on the planet, the Bay of Fundy, as his discussed with Marine Technology TV.Jason, to start, how did you come to a career in the offshore renewable energy field?I suppose my interest got piqued back in about 2003. I went to a lecture at the University of Newcastle and they had a wave energy crowd there and a tidal energy developer. It was pretty cool tech, and at the
Sustainable Marine Floats Out 'Next-Gen' Tidal Energy Platform in Canada
in Nova Scotia, Sustainable Marine said."This tidal technology is the result of a tremendous international effort combining world-class scientific and engineering expertise from our German, Scottish and Canadian teams, and is the culmination of a decade of research and development,” said Jason Hayman CEO of Sustainable Marine. "We are very fortunate to have such strong support from our major shareholders, Schottel and Scottish Enterprise, the Government of Canada, and a wide range of partners and collaborators. The PLAT-I 6.40 has been designed specifically for the Pempa&rsquo
February 2025
