Mar 30 2009
Atlantis Resources Corporation (”Atlantis”), one of the world’s leading developers of electricity-generating tidal current turbines, has entered into a cooperation agreement with Statkraft, Europe’s largest generator of renewable energy.
Atlantis will work with the Norwegian based power company to develop tidal current electricity generation projects in Europe. This agreement represents a significant step forward in the realisation of Atlantis’ innovative plan to power a datacentre using tidal current turbines deployed offshore in Scotland’s Pentland Firth.
Previously, in December 2008, Atlantis signed the world’s largest tidal energy generation agreement with CLP, increasing Atlantis’ electricity-generating project pipeline to a record 800MW.
Timothy Cornelius, CEO of Atlantis: “We are delighted to be working with Statkraft, a strategically important player in European renewable energy. We share a vision to develop and promote the European tidal power market and will work closely together towards commercial-scale deployments.”
“This project agreement will enable Atlantis to continue leading the way in tidal current energy generation, focusing initially on the Pentland Firth, which is unquestionably one of today’s most exciting renewable energy opportunities.”
Nicolai Gedde, Vice President Marine Energy of Statkraft said: “The tidal power sector in Europe is poised for immense growth over the next decade and our investment in Atlantis is consistent with our commitment to support new technologies which we believe will become important parts of the energy mix. We are very excited to be developing European projects with their exceptional team.”
Separately, Mr Cornelius provided an update on Atlantis’ activities in Asia Pacific: “During March 2009, we concluded trials of our unique new bi-directional blades on the Solon™ deep water turbine. The tests, conducted at Bell Bay in Tasmania were the most extensive and intensive ever undertaken by the Company and are intended to further validate the world leading performance of the Solon™ turbine and to demonstrate the viability of the bi-directional blades, a critical technical innovation.”