A licencing cooperation agreement, covering a range of tidal technology, has been signed today (25th May) by Alstom Hydro and the Canadian company Clean Current Power Systems Incorporated. The deal gives Alstom an exclusive worldwide license for ocean and tidal stream applications for Clean Current's patented technology.

The agreement also includes, says Alstom, provisions for continued cooperation between both parties in order to further develop technology, deploy demonstrator units and subsequently position Alstom Hydro as both an equipment and turnkey provider for tidal stream farms. Alstom plans to commercialise its first tidal stream products by 2012.

Commenting on today's announcement, Philippe Joubert, President, Alstom Power, said: "We are very excited about getting involved in this innovative renewable energy technology which is at the crossroads of Hydro and Wind technologies. This will enable us to leverage our market leading Hydro and Wind technologies, and the experience we have gained in these fields".

Mr. Joubert added, "We will be happy to provide an additional viable solution to our customers for meeting their renewable energy production targets and we look forward to government backing in order to further develop this new CO2-free technology."