Atlantis Resources Corporation completes final phase of fundraising
Atlantis Resources Corporation completes final phase of fundraising Singapore, 12 July 2011- Atlantis Resources Corporation, the international tidal energy developer, has completed the second and final phase of its latest fundraising with an investment from Singapore’s leading global fund, EDBI (EDB Investments Pte Ltd). Together with new and existing shareholders, including US investment bank, Morgan…
Read MoreUK marine energy sector ‘could be worth £76bn and support 68,000 jobs’
A government thinktank has predicted that the British marine energy sector could be worth £76bn to the economy and support 68,000 jobs by 2050. The analysis, released this week by the Carbon Trust, comes only weeks after coalition ministers ended the industry’s subsidy programme. Britain could capture almost a quarter of the global wave and…
Read MoreAtlantis Resources Corporation completes R&D fundraising
Atlantis Resources Corporation, the international tidal energy developer, has raised $6M USD (£3.7M) to support its research and development programme. The successful fundraise involved predominantly existing shareholders. Atlantis CEO, Tim Cornelius, said: “This small equity round will be used to finance deployment and testing of our AK 1000 turbine at the European Marine Energy Centre…
Read MoreUpdate on Atlantis Resources Corporation’s AK1000™ test turbine, March 10th 2011
Atlantis Resources Corporation is committed to keeping the marine energy sector abreast of progress in replacing the blades on its AK1000™ tidal turbine. This follows the failure of the experimental composite blades at the EMEC test facility in Orkney in August, owing to a manufacturing fault. We are pleased to report that the fabrication of…
Read MoreAtlantis Resources nabs last berth at Canada’s FORCE
Tidal power technology developer Atlantis Resources has landed the last berth at the Fundy Ocean Research Centre for Energy (Force) testing facility being developed in the Minas Passage off Nova Scotia, Canada. The company, one of five bidding for the place at the landmark Bay of Fundy centre, will work with Lockheed Martin and Irving…
Read MorePREMIER’S OFFICE–Atlantis Tidal Turbine to be Built in Province
Nova Scotia’s bid to become a North American leader in the development, supply and support of tidal energy projects took another step forward today, Feb. 10 with the announcement that an international consortium will test one of the world’s largest tidal turbines in the Bay of Fundy’s aggressive marine environment. Atlantis Resources Corporation, a world-leading…
Read MoreMorgan Stanley-Backed Atlantis Plans $150 Million Tidal Project
Atlantis Resources Corp., an ocean- current turbine maker backed by Morgan Stanley, expects to spend $150 million on Asia’s first commercial plant to generate electricity jointly from the wind and tides. “The current estimated capital expenditure for the first phase of 50 megawatts is $150 million,” Chief Executive Timothy Cornelius said in a telephone interview…
Read MoreIndia plans Asian tidal power first
The Indian state of Gujarat is planning to host Asia’s first commercial-scale tidal power station. The company Atlantis Resources is to install a 50MW tidal farm in the Gulf of Kutch on India’s west coast, with construction starting early in 2012. The facility could be expanded to deliver more than 200MW. The biggest operating tidal…
Read MoreState of Gujarat to install Asia’s first commercial scale tidal current power plant in the Gulf of Kutch in India
Hon. Chief Minister Modi approves historic 50MW tidal current power project Gandhinagar, Gujarat, India – 12th January 2011: The Right Honourable Chief Minister of Gujarat, Narendra Modi, has taken a further step today in proving his renewable energy and sustainable economic growth credentials by approving a 50MW tidal power project to be constructed in the…
Read MoreDecember 3rd 2010: Update on AK1000™ blade replacement
Atlantis Resources Corporation is committed to keeping the marine energy sector abreast of progress in replacing the blades on its AK1000™ tidal turbine. This follows the failure of the experimental composite blades at the EMEC test facility in Orkney in August, owing to a manufacturing fault. Following a tender process, a contract to manufacture standard…
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