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Simec Atlantis Energy

Full company profile

uuid003ik8z

Namestring
Simec Atlantis Energy
Websiteurl
simecatlantis.com
Company typeenum
Private
Founded yearint
1996
Short descriptiontext

Simec Atlantis Energy is an independent sustainable power generator developing tidal stream energy projects in the United Kingdom, deploying underwater turbines to convert tidal currents into electricity for grid utilities.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
tidal energy generation, renewable power generation, marine energy projects, tidal stream turbines, sustainable electricity production
Industry1 code
1Advanced Wind Technology R&D (Floating Offshore, Airborne Wind, New Rotor/Blade Concepts)
CodeEUAMAOABPrimaryNo
NAICS code1 code
  • Other Electric Power Generation221118
SIC code1 code
  • Electric Services4911
Product category
Tidal Power Generation
Social media profiles1 record
Cost components4 values
Infrastructure, Technology or R&D, Operations, Personnel
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Simec Atlantis Energy is an independent sustainable power generator specializing in tidal energy project development. The company deploys underwater tidal stream turbines that capture kinetic energy from tidal currents to generate clean, predictable renewable electricity. It develops and operates utility-scale tidal energy projects primarily in Scotland, supplying electricity to energy utilities and grid operators.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Simec Atlantis Energy is a Scottish company specializing in tidal energy development and projects. The company is identified as one of the active developers of tidal energy projects in the ocean energy sector, working alongside other industry players such as Orbital Marine Power and Nova Innovation. Based on the provided sources, specific named products, modules, or a detailed product portfolio architecture are not available for extraction.

Product and service2 records
1Tidal Stream Turbine Electricity Generation
CategoryTidal Power Generation
2Tidal Energy Project Development
CategoryMarine Renewable Energy Development
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Orbital Marine Power
Strategic tierMinorTypeOthers
Description

Both SIMEC Atlantis Energy and Orbital Marine Power are Scottish companies highlighted together as active developers of tidal energy projects in the article 'Top 6 Ways to Capture Tidal Energy' by ASME. They are mentioned in the same context as industry peers rather than formal partners.

Recent move1 record

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers8 records
1Sabella
TypeEmerging player
Description

French tidal turbine developer (Fromveur, D10); comparable emerging tidal stream player with subsea turbine technology.

2Magallanes Renovables
TypeDirect peer
Description

Spanish-Chilean developer of the ATIR floating tidal platform; comparable emerging tidal stream developer targeting commercial-scale arrays.

3HydroQuest
TypeEmerging player
Description

French tidal and hydrokinetic developer with utility-scale pilots in France; comparable emerging tidal technology developer focused on European sites.

4Orbital Marine Power
TypeDirect peer
Description

Scotland-based developer of floating tidal stream turbines (e.g., O2), directly comparable to SAE as a co-developer of UK tidal stream projects targeting utility-scale generation.

5Nova Innovation
TypeDirect peer
Description

Scottish tidal stream developer of multi-turbine arrays (Shetland), explicitly named alongside SAE as an active UK tidal developer with comparable subsea turbine technology and utility-offtake focus.

6Minesto
TypeDirect peer
Description

Swedish developer of subsea kite/tidal technology; comparable as a niche marine renewables pure-play pursuing utility-scale tidal generation in European waters.

7Andritz Hydro
TypeBroad incumbent
Description

Major hydropower/turbine OEM with tidal R&D activities; comparable as a turbine and hydropower equipment supplier operating in adjacent marine renewable generation.

8GE Renewable Energy (Hydro/Tidal)
TypeBroad incumbent
Description

Large renewable OEM with tidal turbine heritage (Alstom legacy) and significant hydropower portfolio; comparable as a broad incumbent in renewable power generation equipment, including marine.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Simec Atlantis Energy

Tidal Power Generationsimecatlantis.com

Simec Atlantis Energy is an independent sustainable power generator developing tidal stream energy projects in the United Kingdom, deploying underwater turbines to convert tidal currents into electricity for grid utilities.

Simec Atlantis Energy firmographics

Firmographics
Name
Simec Atlantis Energy
Website
https://simecatlantis.com
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
11–50 employees
Short description
Simec Atlantis Energy is an independent sustainable power generator developing tidal stream energy projects in the United Kingdom, deploying underwater turbines to convert tidal currents into electricity for grid utilities.
Ownership category
akta.pro rank

Where Simec Atlantis Energy is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Markets served

Simec Atlantis Energy business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Technology or R&D, Operations, Personnel

Simec Atlantis Energy product offering

Product offering

Core offering

Simec Atlantis Energy is an independent sustainable power generator specializing in tidal energy project development. The company deploys underwater tidal stream turbines that capture kinetic energy from tidal currents to generate clean, predictable renewable electricity. It develops and operates utility-scale tidal energy projects primarily in Scotland, supplying electricity to energy utilities and grid operators.

Product overview

Simec Atlantis Energy is a Scottish company specializing in tidal energy development and projects. The company is identified as one of the active developers of tidal energy projects in the ocean energy sector, working alongside other industry players such as Orbital Marine Power and Nova Innovation. Based on the provided sources, specific named products, modules, or a detailed product portfolio architecture are not available for extraction.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tidal Stream Turbine Electricity Generation
  • Tidal Energy Project Development

Companies that use Simec Atlantis Energy

Customer profile

Segments1 record

Ideal customer profiles1 record

Simec Atlantis Energy technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Simec Atlantis Energy partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Orbital Marine PowerminorOthersBoth SIMEC Atlantis Energy and Orbital Marine Power are Scottish companies highlighted together as active developers of tidal energy projects in the article 'Top 6 Ways to Capture Tidal Energy' by ASME. They are mentioned in the same context as industry peers rather than formal partners.

Scale indicators1 record

Recent moves1 record

Expansion highlights3 records

Simec Atlantis Energy competitors and assessment

Company assessment

Emerging players

  • Sabella: French tidal turbine developer (Fromveur, D10); comparable emerging tidal stream player with subsea turbine technology.
  • HydroQuest: French tidal and hydrokinetic developer with utility-scale pilots in France; comparable emerging tidal technology developer focused on European sites.

Direct peers

  • Magallanes Renovables: Spanish-Chilean developer of the ATIR floating tidal platform; comparable emerging tidal stream developer targeting commercial-scale arrays.
  • Orbital Marine Power: Scotland-based developer of floating tidal stream turbines (e.g., O2), directly comparable to SAE as a co-developer of UK tidal stream projects targeting utility-scale generation.
  • Nova Innovation: Scottish tidal stream developer of multi-turbine arrays (Shetland), explicitly named alongside SAE as an active UK tidal developer with comparable subsea turbine technology and utility-offtake focus.
  • Minesto: Swedish developer of subsea kite/tidal technology; comparable as a niche marine renewables pure-play pursuing utility-scale tidal generation in European waters.

Broad incumbents

  • Andritz Hydro: Major hydropower/turbine OEM with tidal R&D activities; comparable as a turbine and hydropower equipment supplier operating in adjacent marine renewable generation.
  • GE Renewable Energy (Hydro/Tidal): Large renewable OEM with tidal turbine heritage (Alstom legacy) and significant hydropower portfolio; comparable as a broad incumbent in renewable power generation equipment, including marine.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Customer concentration

Simec Atlantis Energy social profiles

Digital presence

Simec Atlantis Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Simec Atlantis Energy leadership team

Management profile

Number of profiles

Simec Atlantis Energy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Simec Atlantis Energy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simec Atlantis Energy

What does Simec Atlantis Energy do?

Simec Atlantis Energy is an independent sustainable power generator specializing in tidal energy project development. The company deploys underwater tidal stream turbines that capture kinetic energy from tidal currents to generate clean, predictable renewable electricity. It develops and operates utility-scale tidal energy projects primarily in Scotland, supplying electricity to energy utilities and grid operators.

When was Simec Atlantis Energy founded?

Simec Atlantis Energy was founded in 1996. It employs 11 to 50 people.

Where is Simec Atlantis Energy based?

Simec Atlantis Energy is headquartered in London, United Kingdom, in the Europe region.

Who are Simec Atlantis Energy's main competitors?

Emerging players on record are Sabella and HydroQuest. Direct peers are Magallanes Renovables, Orbital Marine Power, Nova Innovation and Minesto. Broad incumbents are Andritz Hydro and GE Renewable Energy (Hydro/Tidal).

Does Simec Atlantis Energy have an API?

No public API is recorded for Simec Atlantis Energy.

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Live signals
ASMETop 6 Ways to Capture Tidal EnergyThis article describes six methods and technologies for capturing tidal energy, including tidal stream turbines, Archimedes screws, tidal dams/barrages, floating structures, tidal kites, and AI-enhanced turbines. Scottish companies SIMEC Atlantis Energy, Orbital Marine Power, and Nova Innovation are highlighted as active developers of tidal energy projects, while Minesoto has created a tidal kite system capable of generating power from slower currents. The article notes that while tidal energy is still in early development and not yet cost-competitive with wind and solar, advancing technologies could make it a major player in renewable energy.Solar Power PortalQuinbrook, E.ON partner to develop 460MWh BESSQuinbrook Infrastructure Partners and E.ON have partnered to construct a 230MW/460MWh battery energy storage system in Uskmouth, South Wales, with construction having commenced in November 2023. E.ON will acquire 50% of the project capacity, and the asset is expected to be operational in Q1 2025, creating approximately 140 jobs. This project follows Quinbrook's acquisition of exclusive development rights from joint venture partner Simec Atlantis Energy.IefTidal Power is Finally Making WavesTidal power, which harnesses ocean water movement to generate electricity, remains an underexploited renewable energy source despite having an estimated global potential of 120–400GW out of 3,000GW available; the largest operational plant is South Korea's 254MW Sihwa Lake station, while Scotland holds half of Europe's tidal potential with 10GW. Several companies are advancing the technology, including SIMEC Atlantis Energy's MeyGen project in the Pentland Firth, which aims to scale to 398MW, making it the world's largest tidal power station. According to the International Energy Agency, marine energy generation grew 13% in 2019 and needs to achieve 23% annual growth through 2030 to reach large-scale deployment.EnergySIMEC Atlantis Energy LimitedSIMEC Atlantis Energy Limited has secured funding from South Korea’s Hana Financial Group for Phase One of its Uskmouth Power Station conversion project, which aims to generate electricity from waste-to-energy fuel pellets. The company is simultaneously advancing its flagship MeyGen tidal power scheme in the UK, with plans to increase output significantly by engaging data centers as energy off-takers.Offshore EnergyAtlantis and GE to Build World’s Largest Tidal TurbineSimec Atlantis Energy and GE have entered a technology partnership to develop utility-scale tidal energy generation and associated storage solutions. The collaboration focuses on deploying the AR2000, expected to be the world's largest single-axis tidal turbine, for the MeyGen Project in Scotland. This agreement aims to deliver low-cost, predictable tidal power through joint marketing and resource sharing.AxiosScottish tidal energy generation record could boost sector investmentSIMEC Atlantis Energy exported over 12 gigawatt hours of tidal energy from its MeyGen Tidal Array in Scotland. The 6-megawatt array is the world's largest operational tidal array, and next phases could expand capacity to 92 or 252 megawatts. Proving reliability is crucial for attracting private investment in marine energy.businessInsiderMeyGen tidal energy firm sees losses swellSIMEC Atlantis Energy reported a rise in annual losses to £10.6m for 2017, despite the MeyGen tidal power project generating record revenues of £300,000 as its turbines came on stream. The company completed a reverse takeover deal with GFG Alliance’s energy arm SIMEC and successfully subscribed to a £5m bond to fund further expansion, including the acquisition of Uskmouth Power plant.