Atlantis Resources’ turbine being monitored after recent grid outage

Tidal power company Atlantis Resources’ turbine at its MeyGen project in Scotland is currently being monitored to assess the effects of a recent unplanned grid outage.

The AIM-listed company said that the outage was caused by a third party and unrelated to the turbine.

The outage follows a period of autonomous operation of the turbine at full output and an automated shut down procedure when the grid faulted.

Atlantis expects that the AR1500 turbine will be retrieved at the next opportunity for a full systems inspection before undergoing contractual performance testing.

This reflects the approach adopted for the three turbines which were installed by Andritz Hydro Hammerfest, a marine technology group, which are currently undergoing upgrades at Nigg Energy Park on the Cromarty Firth before a planned redeployment in May.

Shares in Atlantis Resources were down 3.51% to 55p at 0801 BST.