Atlantis Resources : and Xodus Group to target Japanese Tidal Opportunities

Atlantis Resources and Xodus Group to target Japanese Tidal Opportunities

Atlantis Resources Limited ('Atlantis' or the 'Company')

Atlantis has signed a Memorandum of Understanding (MoU) with Xodus Group to pursue the development of a tidal energy project in Japan.

The ambition for this agreement is to secure funding and establish a commercially viable tidal energy demonstration project of three to eight turbines in the country.

The companies visited Japan earlier this year to meet with government departments, supply chain and utility companies to promote the collaboration and join the lobbying effort for the general promotion of tidal energy as a credible future energy source in Japan.

Xodus and Atlantis have a long history of collaboration. Xodus played a pivotal role in the creation of the environmental statement as lead consultant in the environmental impact assessment for the MeyGen project.

Pete Tipler, Principal Consultant at Xodus Group said:

'Over the last few years, Xodus have built up strong connections in Japan through Chiyoda and we look forward to progressing this opportunity with Atlantis.

'We have a long and trusted relationship with Atlantis from the early days of their turbine testing at the European Marine Energy Centre (EMEC) and through the MeyGen project and can rely on the experience of their team to understand the opportunities and challenges of developing a tidal project in Japan. Together, we need to prove tidal energy as a competitive renewable energy source for the country.'

Tim Cornelius of Atlantis Resources added:

'We are looking forward to working alongside Xodus pursuing development opportunities in this exciting market. This is a continuation of our long-established relationship over many years at the MeyGen project that has seen the tidal stream sector move from demonstration to an operational commercial scale array.

'We look forward to replicating this success and have already commenced pursuing several project opportunities in Japan together.'

Atlantis will be on the Highlands and Islands Enterprise stand at All-Energy 2018 on May 2-3.