Press

Timothy Cornelius, chief executive of Atlantis Resources (LON:ARL), says that, since the recent IPO, the company now has the cash to take it through to the implementation of phase I of the MeyGen project off the Scottish coast. Tim says that this alone will have the capacity to power 200,000 homes in Scotland. Atlantis is…

The Pentland Firth is said to have massive potential for tidal energy, but the harsh environment makes harnessing it a difficult challenge   A tidal energy scheme in the Pentland Firth could provide enough power for almost half of Scotland’s electricity needs, according to research.   The firth, which lies between Orkney and the Scottish…

Atlantis Resources Corp., a Morgan Stanley-backed maker of tidal turbines, appointed a former Bank of England and Royal Mail Plc director as it plans an initial share sale on London’s Alternative Investment Market. Atlantis named John Neill non-executive chairman of its board to help grow the company as it plans to raise about 20 million…

7th January 2014 Atlantis Resources, the Singapore marine energy company behind the giant tidal project MeyGen in Scotland’s Pentland Firth, is looking to raise £20 million on London’s AIM market. Up to half of the money raised through the initial public offering will fund the first phase of the MeyGen project off the coast of…

Atlantis Resources, the vertically integrated turbine supplier and project owner in the tidal power industry, has announced the appointment of John Neill CBE as Non-Executive Chairman, with immediate effect. Tim Cornelius, CEO of Atlantis Resources, said: “To have recruited a Chairman of John’s calibre, experience and profile is a tremendous boost for Atlantis Resources and…

  Last week we published the Press Release announcing that Atlantis Resources had aquired the 90% of the MeyGen project for the Pentland Firth it did not own from GDF Suez and Morgan Stanley. We felt that this announcement was of considerable strategic importance in the wider industry context, and it raised the question of where…

Atlantis Resources Corporation has bought 100% of the shares of tidal project developer MeyGen Ltd. The Singapore-based turbine company acquired the MeyGen shares it did not already own from GDF Suez and Morgan Stanley. “Atlantis sees this as an ideal time to increase its investment in the MeyGen project,” the company said. “Having recently secured…

Six vast underwater turbines are to be lowered into the tidal currents of the Pentland firth in the first phase of one of the largest tidal energy schemes in Europe. Permission to install the six squat machines, which look like underwater propellers, has been granted by Scottish ministers as a demonstration project to prove they…

Work is to begin on the largest tidal energy project in Europe after the Scottish government granted permission. MeyGen is to install the tidal array in stages in the Pentland Firth, between Orkney and the Scottish mainland. It will begin with a 9MW demonstration project of up to six turbines, with construction expected to take…

Source: The Marine Energy Opportunity, Business Scotland, April 2013 page Story from: http://www.tenalpsebooks.com/ukbusinesstoday/BusinessScotland/issue15-2013/