Acquamarine Power gets funding – Atlantis Resources charging ahead?

Acquamarine Power, an Edinburgh based business, received another £11m in funding. One of its Investors, Scottish and Southern Energy wrote an investment case study that is worth taking a look at. Some details on the technology concept can be found here. Another key investor is Edinburgh based Sigma Capital Group.

The Press release can be found on Clean Edge’s website.

A company to watch is Atlantis Resources, Singapore and London HQs. They are backed by Morgan Stanley. The company is targeting China and India. From an investment perspective it is worth following their progress we think. The firm presented at the Offshore Engineering Society. Earlier in 2010, Atlantis raised $14m with Statkraft leading the round and Morgan Stanley upping on their existing investment. We wrote about Stafkraft’s Osmotic Energy Plant in the past. From where we sit, we believe that Statkraft has the background and capabilities to see through the risks associated with investments in this segment. Thus worth noting what they are up to.

The NY Times Green Blog recently wrote an update blog on the outlook for Tidal Power. Although the author is not making any judgments it follows the European Energy Association suggestion that Tidal Power could yield 5x current global electricity needs.

We think that the concept is intriguing but returns are still a long way off.