U.S. tidal energy company to expand into Scotland
New York-based ResHydro is Scotland's first U.S. renewable energy inward investment
ResHydro uses industrial science to harness the power of water currents to produce electricity. Establishing a base in Scotland will allow the company to work in partnership with the University of Strathclyde to advance its hydrokinetic energy generation device that requires further research and development to take it closer to commercialization.
The partnership between ResHydro and Scotland is made possible with the support of a $152,000 financial award from Scottish Development International, the international arm of Scottish Enterprise, which is the country's economic development organization.