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SIMEC Atlantis Energy Ltd.
Company typePublic Limited Company
LSE: ARL
ISINSG9999011118
IndustryRenewable energy
Headquarters
Key people
John Neill
(Chairman)
Timothy Cornelius
(Chief Executive)
Number of employees
>100
ParentGFG Alliance (49.99%)
SubsidiariesMeyGen Holdings Limited
Islay Tidal Power Limited
Islay Holdings Limited
Tidal Power Scotland Limited
Atlantis Projects Pte Ltd
Green Highland Renewables
Simec Uskmouth Power Limited
Normandie Hydroliennes SAS (49%)
Websitewww.simecatlantis.com

SIMEC Atlantis Energy (formerly: Atlantis Resources) is a renewable energy company. Its is incorporated in Singapore, but its operational headquarters are in Edinburgh, Scotland, United Kingdom.[1][2] Initially, it was a developer of the tidal power turbines and projects, but after becoming a part of GFG Alliance it has expanded its business also to the waste-to-energy[3] and hydropower.[4]

History

In February 2014, Atlantis became the world's first tidal energy company to float on the LSE's AIM and commenced construction on MeyGen,[5] Europe's largest tidal power project in the Pentland Firth.[6] On 20 February 2017, the company announced that it had completed the phase 1a of the Meygen project. This phase included the design, manufacture and deployment of four 1.5 MW turbines.[7] The project received £1.5 million Scottish Government grant in 2020.[8]

A number of strategic investments and acquisitions occurred in late 2015 and throughout 2016.[9][10][11][12][13]

In 2017, GFG Alliance acquired 49.99% stake in the company in return of the coal-fired Uskmouth power station, which will be converted to the waste-to-energy plant.[4] Consequently, Atlantis Resources was renamed SIMEC Atlantis Energy.[3] In 2019, it acquired the Scottish hydro developer Green Highland Renewables.[4]

In 2020, it created a subsidiary Atlantis Operations Japan, which will build a tidal turbine between the southern Japanese islands of Hisaka and Naru islands for Kyuden Mirai Energy.[14]

Operations

Atlantis has commercial and project development teams based in Edinburgh, an operations base located at Nigg Energy Park in Invergordon and the turbine and engineering services division is located in Bristol. Through its subsidiaries, the company develops or operates the 6 MW Meygen tidal turbine array in Pentland Firth, Scotland,[15] a 160 MW Wyre tidal barrage on the River Wyre,[16] and the 220 MW waste-to-energy Uskmouth power project.[3]

In the cooperation with the China Shipbuilding Industry Corporation and the China Three Gorges Corporation, it helped to design the 500-kilowatt tidal-stream turbine which was installed between Putuoshan and Huludao islands in the Zhoushan archipelago, China.[17] In Japan, it supplies the 500-kilowatt tidal-stream turbine which will be launched between Hisaka and Naru.[14] In France, SIMEC Atlantis Energy holds 49% stake in Normandie Hydroliennes, the marine energy development company which develops 12 MW tidal power project in Raz Blanchard.[18]

References

  1. ^ "Annual Report 2018" (PDF). SIMEC Atlantis Energy. p. 44. Retrieved 2020-06-03.
  2. ^ Hill, Joshua S. (2020-04-29). "Simec Atlantis completes "mammoth" tidal turbine build in Wuhan". RenewEconomy. Retrieved 2020-05-24.
  3. ^ a b c Harrington, John (2018-11-05). "SIMEC Atlantis Energy surges following Uskmouth power project update". Proactive Investors. Retrieved 2020-05-24.
  4. ^ a b c "Atlantis snaps up Green Highland Renewables". Renews. 2019-10-31. Retrieved 2020-05-24.
  5. ^ "Tidal energy project to be constructed in the Pentland Firth". BBC News. 2014-08-22. Retrieved 2016-12-13.
  6. ^ "Atlantis Resources acquires Europe's largest tidal energy project". Renewable Energy Focus. 2013-11-19. Retrieved 2016-12-13.
  7. ^ Cameron, Greig (2017-02-21). "Atlantis shows turn of speed installing new tidal turbine". The Times. Retrieved 2020-05-24.
  8. ^ McPhee, David (2020-03-25). "Simec Atlantis Energy wins £1.5m Scot Gov grant for Meygen project". Energy Voice. Retrieved 2020-07-20.
  9. ^ Scott, Kevin (2016-10-27). "Atlantis Resources lays foundations for MeyGen project". The Herald. Retrieved 2016-12-13.
  10. ^ "Atlantis Resources boosts tidal power portfolio". BBC News. 2015-12-17. Retrieved 2016-12-13.
  11. ^ "Proposed Acquisition of Tidal Projects". Atlantis Resources. 2015-12-17. Archived from the original on 2016-12-20. Retrieved 2016-12-09 – via London Stock Exchange.
  12. ^ "Partnership with Infrastructure Investor". Atlantis Resources. 2016-04-04. Archived from the original on 2016-12-20. Retrieved 2016-12-09 – via London Stock Exchange.
  13. ^ "Investment by DEME Concessions NV". Atlantis Resources. 2016-04-11. Archived from the original on 2016-12-20. Retrieved 2016-12-09 – via London Stock Exchange.
  14. ^ a b McPhee, David (2020-02-03). "Simec Atlantis looks to Japanese expansion with new Nagasaki office". Energy Voice. Retrieved 2020-07-20.
  15. ^ Coyne, Brendan (2018-04-13). "Atlantis 6 MW tidal turbine array enters commercial operations". The Energyst. Retrieved 2020-06-03.
  16. ^ Coyne, Brendan (2017-11-21). "Atlantis plans 160 MW Wyre tidal barrage". The Energyst. Retrieved 2020-06-03.
  17. ^ Calder, Gordon (2020-05-07). "Caithness plays its part in helping China develop tidal energy". John O'Groat Journal. Retrieved 2020-06-03.
  18. ^ "SIMEC Atlantis Gets Hold of 12 MW Tidal Power Project Lease in France". Offshore Engineer. 2020-06-22. Retrieved 2020-07-20.
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