By Daniel Hunter
Rolls-Royce, the global power-systems company, has announced the sale of Bristol-based Tidal Generation Limited (TGL) to Alstom.
TGL designs, develops and manufactures tidal turbine technologies which harness the reliable and predictable energy of tidal streams to generate electricity.
The sale is expected to complete within the next few months, subject to closing conditions.
"This is a tremendous development for Alstom because it puts us in a real leadership position across not just tidal power or renewables but clearly demonstrates our commitment to lower carbon power in the UK as a whole," Alstom UK president Steve Burgin added.
"With this acquisition, we've got an incredibly exciting opportunity to take a technology that's right at the start of its deployment to commercial scale in the future."
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