For Immediate Release

January 8^th, 2008 

Clean Current Awarded Berth at Nova Scotia Fundy Institute of Tidal Energy

Parsborough, Nova Scotia – Clean Current Power Systems Incorporated (Clean Current), a Canadian tidal energy technology developer, has been selected as one of the three technologies that will be demonstrated in the Bay of Fundy at the newly created Fundy Institute of Tidal Energy. Seven technologies were submitted to the Nova Scotia Energy Tender Office on November 19, 2007. Following technical evaluation, Clean Current was the only Canadian technology chosen.

The announcement was made today by Premier Rodney MacDonald at a news conference in Parsborough, Nova Scotia. “These companies know what we know - the Bay of Fundy is one of the world’s best sites for tidal development,” said Premier Rodney MacDonald, “and today we are a step closer to proving it". The Fundy Tidal Centre will become a landmark centre of excellence in our efforts to provide cleaner sources of energy.” 

Clean Current ‘s commercial demonstration project includes the site specific design, fabrication, installation, operation and monitoring of a 17 metre blade diameter turbine generator, the Clean Current Mark III, that is capable of delivering 400 GW hours of electricity in a year. If a typical domestic residence uses 10,000 kilowatt hours in a year, then one Clean Current Mark III will service 400 homes. Deployed in a farm of 200 units in the Bay of Fundy, 80,000 homes could be serviced with renewable, predictable, emission free electricity.

 Clean Current holds the world’s largest portfolio of granted patents related to in-stream tidal energy extraction. Clean Current’s proprietary technology consists of a horizontal axis ducted turbine with a direct drive variable speed permanent magnet generator. The turbine generator is equally efficient in both directions to fully utilize tidal currents that reverse twice each day. The commercial scale demonstration unit is expected to be operational during the third quarter of 2009.

 “The Clean Current Mark III turbine is simple, efficient and environmentally friendly.  It is poised to become the leading deep water tidal technology in the world,” said Glen Darou, Clean Current’s President and CEO, adding “Nova Scotia is demonstrating strong leadership in sponsoring this world class demonstration site. Clean Current is delighted to be part of this history-making event and to continue to build on our marine experience by deploying this commercial scale turbine here in Nova Scotia.”

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 Backgrounder

For further information contact:

Glen Darou

President and CEO

Clean Current Power Systems Incorporated

+1 778.999.4716