A Scottish renewable energy firm is looking to expand its reach into Japan with the creation of a new office in Nagasaki.
A Scottish project has passed a new milestone for generating “predictable” renewable energy from a tidal array.
The removal of UK Government subsidy in 2017 left the burgeoning Scottish tidal energy sector in crisis.
Simec Atlantis Energy remains in “a good financial position” despite reporting more than £3 million in pre-tax losses for the first half of 2019, according to the boss of the Highland tidal firm.
Growing revenues from the Meygen tidal turbine project in the Pentland Firth has been a unique bright sport for Simec Atlantis Energy amid widening losses for the firm.
Atlantis Resources, the Scottish firm behind the MeyGen tidal-energy project in the Pentland Firth, has followed up a £6.5million cash injection with new joint-venture in Indonesia.
Scotland’s tides are among the most powerful in the world. With an estimated 25% of Europe's tidal potential, it is no surprise that Scotland reigns supreme in attracting international project developers and major OEMs looking to tap into this vast resource.
Atlantis Resources chief executive Tim Cornelius said 2015 has been a "transformational year" with the company's flagship tidal Meygen project approaching commercial power production.
The boss of global tidal developer Atlantis Resources has joined the board of the industry group promoting renewable ocean energy.