Halifax's Black Rock Tidal lines up $10.5m in equity funding

October 20, 2015


Halifax company Black Rock Tidal Power has secured $10.5 million in private equity investment for its platform destined for Nova Scotia’s tidal energy test site off Parrsboro. The firm, a subsidiary of Schottel Hydro, set up a project company to take over its Triton tidal energy platform once fully commissioned for $15 million, the firm said in a news release issued Tuesday. The funding is led by Canadian investment firm Inerjys Ventures and includes investments from Schottel Group shareholders and Singapore-based Envirotek.

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