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An American tidal power company is believed to be establishing a base in Scotland.
According to the BBC, ResHydro are currently working on a hydrokinetic energy generation device that requires further research and development.
The firm will work in partnership with the University of Strathclyde and will be supported by a £100,000 award from Scottish Enterprise.
Speaking about the investment, First Minister Alex Salmond welcomed the news.
He said: "ResHydro's decision to invest in Scotland and work in partnership with one of our leading universities to further their research and development plans is testament to that.
"Scotland has hit the natural lottery twice, first with oil and gas and then with our green energy resources. We have astounding green energy potential and this government has a responsibility to make sure Scotland capitalises on the vast economic opportunities the industry presents."
Samuel Lewinter, Chief Executive of ResHydro, added: "We are pleased to have the opportunity to open our Scottish subsidiary where we will have access to significant technical expertise and where market conditions will contribute to the most expeditious commercialisation of our technology."
(JP)
