SIMEC Atlantis Energy (formerly: Atlantis Resources) is a

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

company. It is incorporated in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

, but its operational headquarters are in

Edinburgh Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian ...

, Scotland, United Kingdom. Initially, it was a developer of the

tidal power Tidal power or tidal energy is harnessed by converting energy from tides into useful forms of power, mainly electricity using various methods. Although not yet widely used, tidal energy has the potential for future electricity generation. Ti ...

turbine A turbine ( or ) (from the Greek , ''tyrbē'', or Latin ''turbo'', meaning vortex) is a rotary mechanical device that extracts energy from a fluid flow and converts it into useful work. The work produced by a turbine can be used for generating e ...

s and projects, but after becoming a part of

GFG Alliance Gupta Family Group Alliance (GFG Alliance) is an international group of businesses associated with businessman Sanjeev Gupta and the British Gupta family. Collectively, companies in the alliance are involved in mining, industry and trading. Histo ...

it has expanded its business also to the

waste-to-energy Waste-to-energy (WtE) or energy-from-waste (EfW) is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste, or the processing of waste into a fuel source. WtE is a form of energy recovery. Mo ...

and hydropower.

History

In February 2014, Atlantis became the world's first tidal energy company to float on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

's AIM sub-market and commenced construction on

MeyGen MeyGen (full name MeyGen tidal energy project) will be the world's largest tidal power, tidal energy plant, which is currently in construction. The first phase of the project uses four 1.5MW turbines with rotor diameter turbines submerged on the ...

, Europe's largest tidal power project in the

Pentland Firth The Pentland Firth ( gd, An Caol Arcach, meaning the Orcadian Strait) is a strait which separates the Orkney Islands from Caithness in the north of Scotland. Despite the name, it is not a firth. Etymology The name is presumed to be a corruption ...

. 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. The project received £1.5 million Scottish Government grant in 2020. A number of strategic investments and acquisitions occurred in late 2015 and throughout 2016. In 2017, GFG Alliance acquired 49.99% stake in the company in return of the coal-fired

Uskmouth power station The Uskmouth power stations (also known as the Fifoots Point power stations) refers to a series of two coal-fired power stations at the mouth of the River Usk in the south-east of Newport, Wales. The first of the two station, Uskmouth A power s ...

, which will be converted to the waste-to-energy plant. Consequently, Atlantis Resources was renamed SIMEC Atlantis Energy. In 2019, it acquired the Scottish hydro developer Green Highland Renewables. In early 2021 the planning was called-in by the Welsh Government for the development of Uskmouth power station, putting the project in doubt. In 2020, it created a subsidiary Atlantis Operations Japan, which will build a tidal turbine between the southern Japanese islands of

Hisaka is one of the Gotō Islands in Japan. The island is part of the city of Gotō in the Nagasaki Prefecture is a prefecture of Japan located on the island of Kyūshū. Nagasaki Prefecture has a population of 1,314,078 (1 June 2020) and has a ...

and Naru islands for Kyuden Mirai Energy.

Operations

Atlantis has commercial and project development teams based in

, an operations base located at Nigg Energy Park in

Invergordon Invergordon (; gd, Inbhir Ghòrdain or ) is a town and port in Easter Ross, in Ross and Cromarty, Highland (council area), Highland, Scotland. It lies in the parish of Rosskeen. History The town built up around the harbour which was establish ...

and the turbine and engineering services division is located in

Bristol Bristol () is a city, ceremonial county and unitary authority in England. Situated on the River Avon, it is bordered by the ceremonial counties of Gloucestershire to the north and Somerset to the south. Bristol is the most populous city in ...

. Through its subsidiaries, the company develops or operates the 6 MW

Meygen MeyGen (full name MeyGen tidal energy project) will be the world's largest tidal power, tidal energy plant, which is currently in construction. The first phase of the project uses four 1.5MW turbines with rotor diameter turbines submerged on the ...

tidal turbine array in Pentland Firth, Scotland, a 160 MW Wyre tidal barrage on the

River Wyre The River Wyre is a river in Lancashire, England, United Kingdom, which flows into the Irish Sea at Fleetwood. It is approximately 28 miles (45 km) in length. The river is a County Biological Heritage Site and has a sheltered estuary ...

, and the 220 MW waste-to-energy Uskmouth power project. In the cooperation with the

China Shipbuilding Industry Corporation The China Shipbuilding Industry Corporation (CSIC) was one of the two largest shipbuilding conglomerates in China, the other was the China State Shipbuilding Corporation (CSSC). It was formed by the Government of the People's Republic of Chin ...

and the

China Three Gorges Corporation The China Three Gorges Corporation (CTG; ) is a Chinese state-owned power company, established on 27 September 1993. The company was responsible for the construction of the Three Gorges Dam-project, the world's largest hydroelectric power plant, th ...

, it helped to design the 500-kilowatt tidal-stream turbine which was installed between

Putuoshan Mount Putuo (, from Sanskrit: "Mount Potalaka") is an island in Putuo District, Zhoushan, Zhejiang, China. It is a renowned site in Chinese Buddhism and is the bodhimaṇḍa of the bodhisattva Guanyin. Mount Putuo is one of the four sacre ...

and

Huludao Huludao (), formerly known as Jinxi () until 1994, is a coastal prefecture-level city in southwestern Liaoning province, People's Republic of China. Its name literally means "Gourd Island", referring to the fiddle-shaped contour of the peninsu ...

islands in the

Zhoushan archipelago Zhoushan , formerly romanized as Chusan, is an urbanized archipelago with the administrative status of a prefecture-level city in the eastern Chinese province of Zhejiang. It consists of an archipelago of islands at the southern mouth of H ...

, China. In Japan, it supplies the 500-kilowatt tidal-stream turbine which will be launched between Hisaka and Naru. 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.

References

External links

* {{Authority control Companies listed on the Alternative Investment Market Electric power companies of Scotland Renewable energy companies of Scotland Tidal power in Scotland Companies based in Edinburgh Tidal power companies of the United Kingdom Electric power companies of Singapore Renewable energy technology companies