Industry News

Tidetec Wins the All-Energy Marine Renewable Energy Investment Challenge

The winner of the All-Energy Marine Renewable Energy Investment Challenge sponsored by Atlantis Resources was announced 11 May 2017 at the end of the plenary session: ‘The effects of Brexit on the renewable and low carbon energy sectors.’

Tim Cornelius, Chief Executive of Atlantis Resources had a strong panel of experts to judge the five Investment Challenge finalists:

  • Nick Stamp, Director, Macquarie Capital
  • Cameron Smith, Partner, Ashurst
  • Ben Brewerton, Director, FTI Consulting
  • Jonnie Cox, Managing Director, Cantor Fitzgerald

Entries were invited from across the marine renewable energy industry from developers of technology, projects or services destined for use by the tidal stream, tidal barrage, tidal lagoon, wave, OTEC, salinity gradient and floating offshore wind sectors. The short list of finalists included entries from Norway, Spain and the UK.

This year, the panel selected Joachim Amland from Tidetec from Norway.

Tidetec, who presented their tidal lagoon ‘two-way hydropower’ technology, wins £10,000-worth of invaluable advice from lawyers, stockbrokers, investment bankers, accountants, communications experts and marketers.

The panel was impressed by Tidetec’s clearly set out investment proposition, the quality of the business plan and presentation, the realistic valuation and the path set out to commercialization. The panel will be in contact with Tidetec to set up working sessions in London to build up their business plan to assist them on their future funding rounds. For more information, click here.

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