Atlantis Wins Grant to Test Ocean Turbine in Bay of Fundy

Atlantis Resources Corp., a London- based ocean-turbine maker, won $5 million from the Canadian government to build and install a machine at the Fundy Ocean Research Centre for Energy test site in the Bay of Fundy.

Atlantis will work with Lockheed Martin Corp. and Irving Shipbuilding Inc. to build, install and monitor the 1-megawatt turbine, the company said today in an e-mailed statement. The Bay of Fundy has a tidal surge measuring as much as 15 meters (49 feet),the world’s highest.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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