By Julian Singer When we last wrote about Simec Atlantis Energy in March 2019 the company had just transformed itself from a tidal power developer into a “global developer of renewable and sustainable energy projects”. Behind this was an admission that tidal power was not going to break through to commercial success, at least not [...]
This is the second of two articles on SIMEC Atlantic Energy Part one of our two-parter on SIMEC Atlantic Energy concluded with summary of the state of the company in July 2018. In short, we attempted to examine whether the company’s plan to transform itself from a heavily subsidised small tidal power turbines company (MeyGen) [...]
This is the first of two articles on SIMEC Atlantis Energy a renewable energy group which is moving away from subsidy support into private sector investment The accepted conventional wisdom in the UK for the past three decades at least, has been that renewable energy companies have been infant groups that have needed subsidies and [...]
We last wrote about SIMEC Atlantis Energy, when it was known as Atlantis Resources, last November before it went into suspension pending a reverse takeover. At that point the company was riding high on its plans for growing its tidal stream turbine projects. Atlantis was founded more than a decade ago. It has been quoted [...]
It is tempting when writing about tidal stream power to go into metaphor-land and question if it is a ‘drop in the ocean’ or whether it can “make a bigger splash” and become a key, or even a dominant part of the future energy mix, not just in the UK but also in other countries. [...]
The recent operational aspects of tidal power group, London-listed Atlantis Resources, have been well documented, but the financials as detailed in the final results for the year ending December 31 2015 are new; and fascinating there are too. For the twelve months Atlantis made a maiden profit, despite a sharp drop in turnover. But the [...]