Atlantis Resources, active in the tidal power sector, has announced that it is establishing a new internal division as part of its diversification strategy which will leverage the existing skill set the company has accumulated during the progression of MeyGen, the world’s largest tidal power project.
Atlantis Energy, as the new division will be known, will initially focus on opportunities to develop subsea interconnectors, tidal barrage projects, tidal lagoon projects, floating offshore wind opportunities and pumped storage projects on behalf of infrastructure funds, investment banks and private developers who are looking to invest in renewable and grid related projects in the UK. While the division will have a global remit, Atlantis Energy will initially focus on several near-term opportunities in the UK and Europe. It is expected that Atlantis Energy will be operational by the end of Q1 2017.