27th Jan 2020 13:49
(Alliance News) - SIMEC Atlantis Energy Ltd said Monday its tidal power project Meygen's 2019 performance represents the longest period of uninterrupted generation from a multi-megawatt tidal turbine array ever achieved.
The sustainable energy firm said MeyGen, which is situated in Scotland, has now exported 24.7 gigawatts of predictable renewable electricity, equivalent to the average annual electricity consumption of around 3800 typical UK homes, generating a revenue of GBP3.9 million.
Phase 1A of MeyGen operates with 5 Renewables Obligations Certificates and had generated total revenue of GBP7.1 million since operations commenced at the end of 2019, the company said.
The company said it also intends to build the world's first ocean - powered data center near the MeyGen site, connected to the tidal array via a private wire.
This will provide a "route to market for the next phase of the project in lieu of subsidy support for tidal power in the United Kingdom," the company said.
Tim Cornelius, chief executive officer, said: "The world's most valuable resource is no longer oil but data, and by combining tidal power with stranded onshore wind farms in close proximity to MeyGen, we can create a virtual power plant to provide sustainable power to a data centre in Scotland, creating important new fibre connections for Scotland and the UK in the process."
SIMEC Atlantis shares were trading 2.7% lower in London at 10.20 pence each on Monday.
By Loreta Juodagalvyte; [email protected]
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