SAE Renewables

The company was originally founded as Atlantis Energy Limited in Brisbane, Australia. In 2005, the company established a base in Singapore, where the company remains registered, however the head office was moved to Edinburgh in 2014.{{Cite news |date=2016-07-16 |title=The Big Interview: Tim Cornelius, CEO of tidal power giant Atlantis Resources |url=https://www.scotsman.com/business/the-big-interview-tim-cornelius-ceo-of-tidal-power-giant-atlantis-resources-1472030 |access-date=2025-01-26 |website=The Scotsman |language=en}}

The company acquired the MeyGen project in November 2013, described as Europe's largest tidal power project, located in the Pentland Firth, north of the Scottish mainland.{{cite news|url=http://www.renewableenergyfocus.com/view/35702/atlantis-resources-acquires-europe-s-largest-tidal-energy-project/|title=Atlantis Resources acquires Europe's largest tidal energy project | work = Renewable Energy Focus | date = 2013-11-19 |access-date=2016-12-13}}

In February 2014, Atlantis became the world's first tidal energy company to float on the London Stock Exchange's AIM sub-market and commenced construction on MeyGen.{{Cite news|url=https://www.bbc.co.uk/news/uk-scotland-28887542|title=Tidal energy project to be constructed in the Pentland Firth|date=2014-08-22|work=BBC News|access-date=2016-12-13}} On 20 February 2017, the company announced that it had completed the phase 1a of the Meygen project. This phase included the design, manufacture and deployment of four 1.5 MW turbines.{{Cite news | url=https://www.thetimes.com/uk/scotland/article/atlantis-shows-turn-of-speed-installing-new-tidal-turbine-872qg75lf |title = Atlantis shows turn of speed installing new tidal turbine| newspaper = The Times | first = Greig | last = Cameron | date = 2017-02-21 | access-date = 2020-05-24}} The project received £1.5 million Scottish Government grant in 2020.

{{cite news

| url= https://www.energyvoice.com/otherenergy/230572/simec-atlantis-energy-wins-1-5m-scot-gov-grant-for-meygen-project/

| title= Simec Atlantis Energy wins £1.5m Scot Gov grant for Meygen project

| first = David | last = McPhee

| date= 2020-03-25

| work= Energy Voice

| accessdate= 2020-07-20}}

A number of strategic investments and acquisitions occurred in late 2015 and throughout 2016.{{Cite news |url=http://www.heraldscotland.com/business/14825010.Atlantis_Resources_lays_foundations_for_MeyGen_project/|title=Atlantis Resources lays foundations for MeyGen project| first = Kevin | last = Scott | newspaper = The Herald | date = 2016-10-27 |access-date=2016-12-13}}{{cite news|url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-35120995|title=Atlantis Resources boosts tidal power portfolio|date=2015-12-17|work=BBC News|access-date=2016-12-13}}{{cite web|url=http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12627156.html|title=Proposed Acquisition of Tidal Projects | publisher = Atlantis Resources | via = London Stock Exchange | date = 2015-12-17 |access-date=2016-12-09|archive-url=https://web.archive.org/web/20161220142605/http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12627156.html|archive-date=2016-12-20|url-status=dead}}{{cite web|url=http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12761381.html|title=Partnership with Infrastructure Investor | publisher = Atlantis Resources | via = London Stock Exchange | date = 2016-04-04 |access-date=2016-12-09|archive-url=https://web.archive.org/web/20161220142231/http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12761381.html|archive-date=2016-12-20|url-status=dead}}{{cite web|url=http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12770910.html|title=Investment by DEME Concessions NV | publisher = Atlantis Resources | via = London Stock Exchange | date = 2016-04-11 |access-date=2016-12-09|archive-url=https://web.archive.org/web/20161220141731/http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARL/12770910.html|archive-date=2016-12-20|url-status=dead}} SAE acquired the tidal turbine developer Marine Current Turbines from Siemens, including the SeaGen turbine in Strangford Lough, and a portfolio of six project sites.{{Cite web |last=OffshoreWIND |date=2015-04-29 |title=Atlantis Acquires MCT |url=https://www.offshorewind.biz/2015/04/29/atlantis-acquires-mct/ |access-date=2024-01-14 |website=Offshore Energy |language=en-US}} SAE also acquired two other projects from ScottishPower Renewables, the 100 MW Ness of Duncansby site in the Pentland Firth to the east of the MeyGen project, and a 10 MW project in the Sound of Islay. In 2016 the company decided to focus on the most developed sites, so returned the agreement for lease for two potential projects to the Crown Estate, one at Kylerhea between Skye and the Scottish mainland and one at Anglesey Skeries, North Wales.{{Cite news |date=2016-03-22 |title=Atlantis drops tidal energy project at Kylerhea in Skye |url=https://www.bbc.com/news/uk-scotland-highlands-islands-35874248 |access-date=2024-02-03 |work=BBC News |language=en-GB}}

In 2017, GFG Alliance acquired 49.99% stake in the company in return of the coal-fired Uskmouth power station, which was to be converted to a 220 MW waste-to-energy plant. Consequently, Atlantis Resources was renamed SIMEC Atlantis Energy. In early 2021 the planning was called-in by the Welsh Government for the development of Uskmouth power station, putting the project in doubt. The project was abandoned in April 2022.{{Cite web |date=2022-04-28 |title=Uskmouth conversion to burn waste abandoned; battery planned for site {{!}} New Power |url=https://www.newpower.info/2022/04/uskmouth-conversion-to-burn-waste-abandoned-battery-planned-for-site/ |access-date=2024-01-14 |language=en-US}}

In 2019, SAE acquired the Scottish hydro developer Green Highland Renewables.

In 2020, it created a subsidiary Atlantis Operations Japan, which will build a tidal turbine between the southern Japanese islands of Hisaka and Naru islands for Kyuden Mirai Energy.

{{cite news

| url= https://www.energyvoice.com/otherenergy/221823/simec-atlantis-looks-to-japanese-expansion-with-new-nagasaki-office/

| title= Simec Atlantis looks to Japanese expansion with new Nagasaki office

| first = David | last = McPhee

| date= 2020-02-03

| work= Energy Voice

| accessdate= 2020-07-20}}

The 500 kW AR500 turbine was built at the Nigg Energy Park, and shipped to Japan for installation. The turbine was reported to have produced 10 MWh of energy in the first days of operation in early February 2021.{{Cite web |last=Frangoul |first=Anmar |date=2021-02-15 |title=A tidal turbine built in Scotland is now producing power in Japan |url=https://www.cnbc.com/2021/02/15/a-tidal-turbine-built-in-scotland-is-now-producing-power-in-japan.html |access-date=2024-01-14 |website=CNBC |language=en}} The turbine was decommissioned in December 2023, and will be upgraded in Japan for redeployment in 2025.{{Cite web |last= |date=2024-01-03 |title=Tidal Energy Turbine Comes Ashore in Japan - Industrial News |url=https://industrialnews.co.uk/tidal-energy-turbine-comes-ashore-in-japan/,%20https://industrialnews.co.uk/tidal-energy-turbine-comes-ashore-in-japan/,%20https://www.oedigital.com/news/510528-tidal-energy-turbine-comes-ashore-in-japan |access-date=2024-01-14 |language=en-GB}}

Also in 2020, SAE announced plans to develop a 160 MW Wyre tidal barrage on the River Wyre.

{{cite news

| url= https://theenergyst.com/atlantis-plans-160mw-wyre-tidal-barrage/

| title= Atlantis plans 160 MW Wyre tidal barrage

| first = Brendan | last = Coyne

| date= 2017-11-21

| work= The Energyst

| accessdate= 2020-06-03}}

This would be in conjunction with Natural Energy Wyre Limited, who started developing the project in 2015. It is proposed the barrage would span the river between Fleetwood and Knott End, and would generate 90 MW of electricity.{{Cite web |last= |first= |date=2020-02-16 |title=River Wyre: Wyre Tidal Barrage Project |url=https://www.visitfleetwood.info/about/seafront/river-wyre-wyre-tidal-barrage/ |access-date=2024-01-27 |website=Visit Fleetwood |language=}}

In October 2022, there was a management buyout of the Advanced Tidal Engineering and Services (ATES) division, along with the associated IP and staff, forming a new company called Proteus Marine Renewables. SAE remains a minority shareholder in the new company, with a 21% stake. Proteus Marine will continue to supply turbines to SAE, for MeyGen and other projects.{{Cite web |last=Garanovic |first=Amir |date=2022-10-21 |title=SIMEC Atlantis management buyout creates Proteus Marine Renewables tidal outfit |url=https://www.offshore-energy.biz/simec-atlantis-management-buyout-creates-proteus-marine-renewables-tidal-outfit/ |access-date=2024-01-14 |website=Offshore Energy |language=en-US}}{{Cite web |last=Shumkov |first=Ivan |date=21 Oct 2022 |title=SIMEC Atlantis to sell majority stake in tidal engineering arm to management |url=https://renewablesnow.com/news/simec-atlantis-to-sell-majority-stake-in-tidal-engineering-arm-to-management-801962/ |access-date=2024-01-14 |website=Renewables Now}}{{Cite web |title=proteusmr.com – Marine renewable services |url=https://proteusmr.com/ |access-date=2024-01-14 |language=en-US}}{{Cite web |title=Simec Atlantis sells 79pc of its tidal engineering business |url=https://www.sharecast.com/news/aim-bulletin/simec-atlantis-sells-79pc-of-its-tidal-engineering-business--11196332.html |access-date=2024-01-14 |website=Sharecast |language=en}}

SAE developed proposals for a 300 MW battery energy storage system in the north of Scotland, to be located approximately {{Convert|2|mi|4=0}} from the Castle of Mey, which was bought and restored by the late Queen Elizabeth The Queen Mother. The scheme was opposed by councillors from Highland, citing impact on the Castle of Mey and local tourism including the North Coast 500 route.{{Cite web |date=2025-04-27 |title=Highland councillors oppose battery scheme near Castle of Mey |url=https://www.bbc.co.uk/news/articles/c2de82kz1rpo |access-date=2025-04-27 |website=BBC News |language=en-GB}}

Atlantis has commercial and project development teams based in Edinburgh. Through its subsidiaries, the company is developing the 6 MW Meygen tidal turbine array in Pentland Firth, Scotland.

{{cite news

| url= https://theenergyst.com/atlantis-6mw-tidal-turbine-enters-commercial-operations/

| title= Atlantis 6 MW tidal turbine array enters commercial operations

| first = Brendan | last = Coyne

| date= 2018-04-13

| work= The Energyst

| accessdate= 2020-06-03}}

In the cooperation with the China Shipbuilding Industry Corporation and the China Three Gorges Corporation, it helped to design the 500-kilowatt tidal-stream turbine which was installed between Putuoshan and Huludao islands in the Zhoushan archipelago, China.

{{cite news

| url= https://www.johnogroat-journal.co.uk/news/caithness-plays-its-part-in-helping-china-develop-tidal-energy-199011/

| title= Caithness plays its part in helping China develop tidal energy

| first = Gordon | last = Calder

| date= 2020-05-07

| work= John O'Groat Journal

| accessdate= 2020-06-03}}

It had an operations base located at Nigg Energy Park in Invergordon and the turbine and engineering services division was located in Bristol. In Japan, it supplied the 500-kilowatt tidal-stream turbine which was between Hisaka and Naru. In France, SIMEC Atlantis Energy held a 49% stake in Normandie Hydroliennes, the marine energy development company which is developing 12 MW tidal power project in Raz Blanchard.

{{cite news

| url= https://www.oedigital.com/news/479524-simec-atlantis-gets-hold-of-12mw-tidal-power-project-lease-in-france

| title= SIMEC Atlantis Gets Hold of 12 MW Tidal Power Project Lease in France

| date= 2020-06-22

| work= Offshore Engineer

| accessdate= 2020-07-20}}

All of these were transferred to Proteus Marine in October 2022.

Atlantis developed and tested various different turbines, initially as Atlantis Energy, then Atlantis Resources, and later as SIMEC Atlantis. In 2022, Proteus Marine Renewables was formed from a management buyout of the Advanced Tidal Engineering and Services division of SIMEC Atlantis, and continues the turbine development.

In 2002, Atlantis Energy tested a 100 kW tidal power device called the "Aquanator" in the straight between San Remo, Victoria and Phillip Island. It was connected to the grid in September 2006.{{Cite journal |last=Manasseh |first=Richard |last2=McInnes |first2=Kathleen L |last3=Hemer |first3=Mark A |date=2017-02-01 |title=Pioneering developments of marine renewable energy in Australia |url=https://journals.sagepub.com/doi/10.1177/1759313116684525 |journal=The International Journal of Ocean and Climate Systems |language=en |volume=8 |issue=1 |pages=50–67 |doi=10.1177/1759313116684525 |issn=1759-3131|hdl=1959.3/433454 |hdl-access=free }} Previously, a 5 kW version had been tested in the Clarence River.{{Cite journal |last=Auguste |first=Christelle |last2=Marsh |first2=Philip |last3=Nader |first3=Jean-Roch |last4=Cossu |first4=Remo |last5=Penesis |first5=Irene |date=2020-10-13 |title=Towards a Tidal Farm in Banks Strait, Tasmania: Influence of Tidal Array on Hydrodynamics |url=https://www.mdpi.com/1996-1073/13/20/5326 |journal=Energies |language=en |volume=13 |issue=20 |pages=5326 |doi=10.3390/en13205326 |issn=1996-1073 |doi-access=free}}

Atlantis Resources tested two "Nereus" turbines at San Remo, the 150 kW AN-150 and the 400 kW AN-400.{{Cite web |title=San Remo {{!}} Tethys |url=https://tethys.pnnl.gov/project-sites/san-remo |access-date=2025-01-26 |website=tethys.pnnl.gov}} In May 2008, the Aquanator was replaced by the AN-150.{{Cite web |date=2009 |title=History |url=http://atlantisresourcescorporation.com/about-atlantis/history.html |archive-url=https://web.archive.org/web/20101027031725/http://atlantisresourcescorporation.com/about-atlantis/history.html |archive-date=2010-10-27 |access-date=2025-01-25 |website=Atlantis Resources Corporation}} In July 2008, the AN-400 (or Nereus II) turbine was tow-tested in an open ocean environment, reportedly with record power output and improved water-to-wire efficiency. The San Remo site was then decommissioned in 2015.

The Aquanator and Nereus devices consisted of a large number of straight Aquafoil blades mounted on a chain between two gearwheels, somewhat like a continuous track, but with the blades in the same plane as the wheels. They were designed for shallow water, around {{Convert|25|m|ft}}, and low current conditions. The Nereus turbine was {{Convert|12|by|4|m|ft|abbr=on}}.{{Cite journal |last=Rourke |first=Fergal O. |last2=Boyle |first2=Fergal |last3=Reynolds |first3=Anthony |date=April 2010 |title=Marine current energy devices: Current status and possible future applications in Ireland |url=https://linkinghub.elsevier.com/retrieve/pii/S1364032109002743 |journal=Renewable and Sustainable Energy Reviews |language=en |volume=14 |issue=3 |pages=1026–1036 |doi=10.1016/j.rser.2009.11.012|url-access=subscription }}{{Cite web |date=2009-06-07 |title=Technology |url=http://www.atlantisresourcescorporation.com/technology/ |archive-url=https://web.archive.org/web/20090607005337/http://www.atlantisresourcescorporation.com/technology/ |archive-date=2009-06-07 |access-date=2025-01-26 |website=Atlantis Resources Corporation Pte Limited}}

Atlantis also developed the "Solon" AS series, which was a ducted horizontal-axis axial turbine. In 2008, a 160 kW version was tested in Corio Bay. In August 2008, the 500 kW AS-500 was tow-tested in Singaporean waters. In August 2009, the 1 MW "Solon-K" was announced, with the aim to deploy it the following year.{{Cite web |last=Snieckus |first=Darius |date=2009-08-19 |title=Atlantis' Solon-K turbine emerges out of a high tide |url=https://www.rechargenews.com/wave-tidal-hydro/atlantis-solon-k-turbine-emerges-out-of-a-high-tide/1-1-853878 |url-access=limited |access-date=2025-01-26 |website=Recharge {{!}} Latest renewable energy news |language=}}

In August 2010, the AK-1000 was unveiled at the companies facilities in Invergordon, described at the time as the largest tidal turbine of its type, rated at 1 MW. Unconventionally, this turbine had two rotors mounted either end of a common shaft, designed to harness the ebb and flood tides. Each rotor was {{Convert|18|m|ft|abbr=on}} diameter with three blades. The turbine was mounted on a gravity base foundation that weighed 1,300 tonnes and was {{Convert|22.5|m|ft|abbr=on}} high.{{Cite news |date=2010-08-11 |title=Largest tidal power device unveiled |url=https://www.bbc.co.uk/news/uk-scotland-highlands-islands-10942856 |access-date=2025-01-02 |work=BBC News |language=en-GB}} By October 2010, the turbine had been installed at the European Marine Energy Centre in Orkney, but developed a blade fault before it could be tested. Singapore based Tempco Manufacturing took responsibility for the fault.{{Cite news |date=2010-10-07 |title=Blade fault on giant tide turbine AK1000 in Orkney |url=https://www.bbc.co.uk/news/uk-scotland-highlands-islands-11492829 |access-date=2024-12-22 |work=BBC News |language=en-GB}}

The following year, the 1 MW AR1000 was tested at EMEC. It was connected to the electricity grid in May 2011, and produced first power in July.{{Cite web |last= |date=2012-02-02 |title=Atlantis Continuous with AR1000 Testing at NAREC (UK) |url=https://www.offshorewind.biz/2012/02/02/atlantis-continuous-with-ar1000-testing-at-narec-uk/ |access-date=2025-01-19 |website=Offshore Wind |language=}} The turbine had a single three-bladed rotor, {{Convert|18|m|ft|abbr=on}} in diameter, and reached its rated power of 1 MW in a current of {{Convert|2.65|m/s|knot mph|abbr=on}}.{{Cite news |last= |date=2011-08-11 |title=Atlantis turbine connected to grid |url=https://orcadian.co.uk/atlantis-turbine-connected-to-grid/ |access-date=2025-01-19 |website=The Orcadian Online |language=}} It was expected to undergo two years of testing, however an issue with a non-redundant medium-voltage component prevented further generation to the grid. The turbine was removed in late November 2011 and transported to the New and Renewable Energy Centre (Narec) in Blyth. There, it underwent testing on the 3 MW drive train testing facility, for accelerated life testing.

In 2013, Atlantis Resources entered into a partnership with Lockheed Martin to develop and manufacture their next-generation turbine, the 1.5 MW AR1500 for use at the MeyGen project.{{Cite web |last= |first= |date=2014-03-18 |title=Lockheed Martin to Optimize Design of Atlantis' AR1500 Tidal Turbine |url=https://www.offshore-energy.biz/lockheed-martin-to-optimize-design-of-atlantis-ar1500-tidal-turbine/ |access-date=2025-01-19 |website=Offshore Energy |language=}}{{Cite news |date=2015-03-30 |title=Lockheed Martin to make MeyGen Pentland Firth turbine |url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-32114036 |access-date=2024-12-22 |work=BBC News |language=en-GB}}

In January 2021, SIMEC Atlantis deployed a 0.5 MW AR500 tidal turbine in the Naru Strait in the Gotō island chain in southern Japan. The planned six-month test was extended to 11 months, with the turbine eventually being decommissioned in November.{{Cite web |last=Garanovic |first=Amir |date=2021-12-27 |title=SIMEC Atlantis powers down tidal kit in Japan after exporting 247MWh of clean energy |url=https://www.offshore-energy.biz/simec-atlantis-powers-down-tidal-kit-in-japan-after-exporting-247mwh-of-clean-energy/ |access-date=2025-01-19 |website=Offshore Energy |language=en-US}} The turbine was designed and manufactured at the Nigg Energy Park in Scotland, before being disassembled and shipped to Japan prior to installation.{{Cite web |last= |date=2021-02-16 |title=Scottish-made tidal turbine now generating power in Japan |url=https://www.globalconstructionreview.com/scottish-made-tidal-turbine-now-generating-power-j/ |access-date=2025-01-19 |website=Global Construction Review |language=}}

Also in 2021, SIMEC Atlantis announced they were ready to start construction of a 2 MW AR2000 turbine. This would include a novel variable pitch system developed in a European Union funded project. Two of these turbines were expected to be installed at the MeyGen project,{{Cite web |last=Garanovic |first=Amir |date=2021-12-08 |title=SIMEC Atlantis makes progress on novel variable pitch system for 2MW tidal turbines |url=https://www.offshore-energy.biz/simec-atlantis-makes-progress-on-novel-variable-pitch-system-for-2mw-tidal-turbines/ |access-date=2025-01-19 |website=Offshore Energy |language=en-US}} but this did not happen.

• MeyGen

{{Reflist}}

• {{official website|https://www.saerenewables.com}}

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Category:Companies listed on the Alternative Investment Market

Category:Electric power companies of Scotland

Category:Renewable energy companies of Scotland

Category:Tidal power in Scotland

Category:Companies based in Edinburgh

Category:Tidal power companies of the United Kingdom

Category:Electric power companies of Singapore

Category:Renewable energy technology companies