Business
Technology Partnership Agreed with GE
Technology Partnership Agreed with GE.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 8747Y SIMEC Atlantis Energy Limited 14 May 2019 \n\n14 May 2019\n \nSIMEC ATLANTIS ENERGY LIMITED\n(\"Atlantis\")\n \nPartnership Agreed with General Electric to develop the world's largest tidal stream turbine \n \nSIMEC Atlantis Energy Limited (\"Atlantis\"), a world leading developer of sustainable energy generation projects, is pleased to announce that its Turbine and Engineering Services Division (ATES) will enter into a Technology Partnership and Preferred Supplier Agreement (TPPSA) with GE's Power Conversion business (GE), a global leader in power conversion.\n \nUnder the terms of the partnership agreement, both parties will work together and share resources for the ongoing development of utility scale tidal energy generation and associated energy storage solutions. They will also engage in joint marketing activities to promote their innovative new subsea connection technologies and the wider benefits of cleaner, predictable tidal energy.\n \nAtlantis and GE have already been working in partnership since September 2018 on the development and performance validation of Atlantis' AR2000 tidal generation system, which is expected to be the world's largest and most powerful single axis turbine available. This record-breaking system is expected to be deployed on future phases of Atlantis' iconic MeyGen Project in Scotland and will also be available for sale to commercial developers.\n \nWith their abundant experience in tidal stream turbine development and power conversion, the two parties will work jointly to help achieve efficient, sustainable solutions for the delivery of low-cost tidal power. \n \nThe partnership will play a key role in the delivery of equipment and services to the second phase of the MeyGen Project, known as Project Stroma, which will see two additional Atlantis AR2000 turbines connected via a new subsea hub to a single power export cable which will then be connected via the MeyGen substation to the National Grid. \n \nDrew Blaxland, Director of ATES, commented: \n \n\"GE is a world leader in power conversion equipment development and supply. The AR2000 is expected to be the world's largest single axis tidal turbine and it will be deployed on the world's largest tidal power project. We want to partner with the world's best companies; lea...