03/04/2014 10:55 EST | Updated 05/04/2014 05:59 EDT

Nova Scotia signs agreement with U.K. group to develop tidal energy technology

HALIFAX - The Nova Scotia government has agreed to work with United Kingdom to develop tidal energy technology, investing $250,000 in the joint venture.

Earlier today, the Offshore Energy Research Association of Nova Scotia signed a memorandum of understanding with the United Kingdom's Technology Strategy Board.

The agreement encourages joint research aimed at improving the technology required to generate electricity using high tides, like those in the Bay of Fundy and off Orkney, Scotland.

Nova Scotia's energy minister, Andrew Younger, says the collaboration will help the province save money and increase its research capacity.

The Technology Strategy Board is also contributing $250,000 toward the initiative.

Younger says the work by the two groups will focus on environmental sensing research and instrumentation technologies.