Securing Skills and Experience: The Route to Commercial Success for MHK

摘要

News that Atlantis Resources has struck a deal with Siemens to acquire the entire share capital of tidal stream technology company Marine Current Turbines Ltd (MCT) suggests there is no shortage of market optimism for future tidal stream energy development - or at least, market optimism for the right kind of tidal stream development. MCT is among the most developed ocean energy technologies having had a 1.2 MW prototype machine installed in the Strangford Narrows off Northern Ireland since 2008. Since then, of course, the machine has generated around 10 GWh, clocking up a robust operational track record. Naturally, it is a long-term operational track record that is one of keys to attracting commercial finance to the emerging MHK sector. Certainly, developers have devoted considerable resources at test facilities in order to establish just that.