Search results for: atlantis-energy

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  • 6 August 2020
    Business & Finance

    Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seabed options for five development sites. The […]

  • 11 January 2017
    Business & Finance, Research & Development, Technology

    Tidal energy specialist Atlantis Resources is establishing a new internal division which will focus on opportunities to develop, among others, subsea interconnectors and floating wind projects for those looking to invest in renewable and grid related projects. The new division is part of the company’s diversification strategy which will leverage the existing skill set the company has accumulated […]

  • 18 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Storage, Technology

    The reverse takeover acquisition between SIMEC – a GFG Alliance company – and Atlantis Resources has been completed, resulting in the re-admittance of the company with the new name on the AIM.

  • 11 January 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Atlantis Resources is establishing a new unit with expanded offering which now includes non-tidal stream projects such as tidal lagoon, tidal barrage and offshore wind projects.

  • 5 December 2018
    Authorities & Government, Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    SIMEC Atlantis Energy has signed a grant agreement with the European Maritime and Fisheries Fund for €1 million in funding to support its tidal turbine development program.

  • 14 December 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    International energy, infrastructure and natural resources group SIMEC has signed a conditional agreement with Atlantis Resources to acquire 49.9% of tidal energy developer’s share capital.

  • 20 February 2019
    Operations & Maintenance

    SIMEC Atlantis Energy, a sustainable energy generation company, has said that its tidal energy project MeyGen has exported 12GWh of power to the grid. According to the company’s social media update, this represent a new record of exported tidal energy to the grid, surpassing SeaGen tidal stream generator. The MeyGen project, one of the largest […]

  • 10 January 2019
    Operations & Maintenance

    Orkney-based contractor Green Marine has recently supported offshore operations at the Meygen tidal project in the Pentland Firth. Simec Atlantis Energy successfully redeployed two of the 1.5MW tidal turbines in challenging winter conditions. The first two 1.5MW MeyGen turbines were returned to service in the array back in October 2018. Following completion of its inspection […]

  • 8 June 2020
    Business & Finance

    Simec Atlantis Energy has appointed Investec Bank as the company’s nominated adviser and sole broker, effective immediately. Also, the company sad that its tidal turbine array recently reached 29GWh produced to the grid. Furthermore, Simec Atlantis through its partnership with ITPEnergised recently worked with The China Shipbuilding Industry Corporation (CSIC) and China Three Gorges (CTG) […]

  • 22 January 2019
    Technology

    SIMEC Atlantis Energy has appointed Ian Wakelin as an independent non-executive director and chairman of the audit committee with immediate effect. Wakelin was previously CEO of Biffa, one of the UK’s largest waste management businesses and led the IPO of the business in 2016. He was previously co-founder and CEO of Greenstar UK, a waste […]

  • 24 July 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology, Vessels

    SIMEC Atlantis Energy has retrieved two MeyGen tidal power turbines for inspection and maintenance.

  • 22 October 2018
    Operations & Maintenance

    Two Andritz Hydro Hammerfest (AHH) 1.5MW turbines that are part of the MeyGen array had been serviced and returned to their offshore home, where they recommenced generation at full capacity, SIMEC Atlantis Energy informed on October 22.

  • 31 October 2019
    Business & Finance

    Green Marine (UK) has been named as a key contractor in a tidal energy project at the Nagasaki Prefecture in Japan. Green Marine will be supporting lead contractor, SIMEC Atlantis Energy, in delivery and installation of an AR-Series tidal turbine, foundation and offshore cable for the project in the Goto Islands, located in the Naru […]

  • 26 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Following the UK government’s rejection of the Swansea Bay tidal lagoon proposal, SIMEC Atlantis Energy has put the spotlight on its Wyre Estuary tidal barrage project calling it a ‘natural pathfinder’ for the larger planned lagoon projects.

  • 6 August 2019
    Business & Finance

    SIMEC Atlantis Energy has, through Abundance Investment, launched a proposed five-year bond offer maturing 2024. The bond offer seeks to raise a maximum of £7 million, and is expected to close on or before October 31, 2019, with the extension option by up to three months at the company’s discretion. Subject to completion of the […]

  • 27 July 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    In the fallout of the OpenHydro liquidation, the Chief Executive Officer of another tidal stream technology company Tim Cornelius said that SIMEC Atlantis Energy would be willing to engage in discussions with the French government to save the recently built Cherbourg tidal assembly plant, and deliver the EU-sanctioned Normandie Hydro tidal project within existing support mechanisms.

  • 14 October 2019
    Business & Finance

    SIMEC Atlantis Energy has received the Green Economy classification newly introduced by the London Stock Exchange. The classification is for the listed companies that derive 50%+ of their activity from the Green Economy. Atlantis, a diversified energy company focusing on marine energy, waste-to-energy and hydro power, currently has more than 1,000MW in various stages of […]

  • 19 June 2017
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Atlantis Resources has entered negotiations with the Duchy of Lancaster as its preferred developer for the buildout of proposed the Wyre tidal barrage project.

  • 26 January 2017
    Business & Finance, Research & Development, Technology

    Marine renewables developer Atlantis Resources has signed a Memorandum of Understanding (MoU) with the French floating foundations designer Ideol to collaborate on a floating wind project off the UK. The collaboration will seek to initiate the development of a floating offshore wind project of up to 1.5 GW, with a pre-commercial phase of up to 100MW […]

  • 19 December 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    SIMEC Atlantis Energy has completed the proposed sale of its stake in the Canadian tidal energy joint venture to renewable energy developer DP Energy.

  • 29 March 2019
    Business & Finance, Technology

    SIMEC Atlantis Energy has raised £5 million in a share placing and subscription to help fund its acquisition of SIMEC Green Highland Renewables (GHR). On Thursday, the company said it would issue around 31,250,000 new ordinary shares at 16 pence per share on the PrimaryBid platform. The placing price was set at a discount of […]

  • 8 November 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Sustainable energy company SIMEC Atlantis is looking for loads and modelling engineer who would join its turbines & engineering services team working on development of tidal energy technology.