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Undersea turbine maker in bid to help Britannia rule the waves

Atlantis Resources vying for £290m of power contracts; govt eyeing clean energy as part of plan to boost exports

Tue, Apr 04, 2017 - 5:50 AM

The Atlantis turbines must reduce costs by almost 70 per cent to roughly £100 a megawatt-hour if the company is to win the energy-contract auction against other technologies.

PHOTO: BLOOMBERG

London

A BRITISH developer is bidding to build power turbines under the sea in Scotland in a contest for government contracts that starts on Monday, aiming to prove for the first time that its technology is commercially viable.

Atlantis Resources Ltd is among the companies vying...