The Australian Renewable Energy Agency (ARENA) announced it will provide $2.49 million in funding to attract future investment via a 3-year project that will explore the tidal energy potential in Australia.

Earlier this week, ARENA said the funding will further a $5.85 million project, “Tidal Energy in Australia: Assessing Resource and Feasibility in Australia’s Future Energy Mix,” being led by the Australian Maritime College at the University of Tasmania, in partnership with CSIRO, the University of Queensland and industry partners.

According to a press release, ARENA said the project will create an online atlas mapping tidal energy nationwide to the nearest 500 m. The project will also involve a full feasibility study of two high-potential sites

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