Atlantis, Dongfang extend tidal turbine research agreement

Atlantis Tidal Turbine

Technology developer Atlantis Resources has extended its partnership with China's Dongfang Electrical Machinery for the testing of a commercial-scale tidal turbine.

The program will see Atlantis continue testing of its AR1000 turbine units at Dongfang's facilities in Hangzhou before deploying one of the 1 MW generators off the Zhejiang coast.

"This extension to our worldwide strategic partnership with Dongfang is significant for Atlantis given the potential size of the Chinese tidal power market," Atlantis CEO Tim Cornelius said.

The deal also includes marketing and sales agreements.

"As well as helping to develop our supply chain and identify sales and project development opportunities in China, the agency agreement will have a near-term positive impact on our cash flows as we will receive a commission on the sale of any product or service secured by Dongfang from an Atlantis-initiated opportunity," Cornelius said. reported in March that Atlantis and Lockheed Martin had begun further work on optimizing the AR1000's successor, the AR1500.

The London-based developer was awarded US$10.55 million from the European Commission's Seventh Framework Programme for Research and Technological Development in February after having also announcing an initial public offering on the Alternative Investment Market.

The company acquired Scotland's 398-MW MeyGen tidal array in November of this past year.

For more marine and hydrokinetic (MHK) news, visit here.

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