The project will be finished next year, which is when the scientists expect to have the first prototypes of generators made with this technology ready. These devices, which could also be used for wind and other alternative energy source generators, could be put into use in areas where there are strong tidal currents, such as the west coast of Canada, Southeast Asia and Australia, the Bosporus and, in the case of Spain, the Strait of Gibraltar.
MAGNETIDE is an R+D project that is supported by the Seventh Framework Program, the European Union’s main instrument for funding research. The project is being carried out by a consortium that brings together seven scientific companies and institutions from six European countries. Three of the companies are small to medium sized businesses: ATARD (Turkey), which is coordinating the project; ITB Precisietechniek