Atlantis Resources on the up as turbine successfully exports power
Shares in tidal power company Atlantis Resources rose on Friday as its turbine has successfully exported power to the grid in Scotland and has operated at full capacity.
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SIMEC Atlantis Energy Limited (DI)
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16:55 19/04/24
SIMEC Atlantis Energy Limited (DI)
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The AIM-listed company said that following the deployment of the first AR1500 tidal stream turbine, which part designed by Lockheed Martin, at the MeyGen project in Pentland Firth on Monday, the 1.5 megawatt turbine exported power and operated at full capacity.
This follows the November 2016 announcement that power had been delivered to the grid from the first of the three Andritz Hydro Hammerfest tidal stream turbines.
All four of the turbines in phase 1A have now been installed and connected to the grid onshore at a control building at Ness of Quoys in Caithness.
The company confirmed that that construction for the next 6 megawatt phase of the project is due to start later in 2017.