About Marine Current Turbines
Marine Current Turbines is an Energy & Utilities company based in Bristol (United Kingdom) founded in 1999, and was acquired by SIMEC Atlantis Energy in April 2015. Tidal power generators are developed for marine electricity production. Marine Current Turbines offers products and services including MeyGen, Uskmouth Sustainable Energy Park, and Mey BESS. Its focus areas include Energy Tech, Renewable Energy Tech, Marine Energy and Tidal. Its legal entity is ATLANTIS ENERGY LIMITED. Its competitors include Nova Innovation, Sustainable Marine Energy and Orbital Marine Power; 3 of its 3 listed competitors have raised funding.
Company details
Marine Current Turbines develop generators for harnessing tidal power to generate electricity. Their Seagen range of tidal generators consists of twin power trains mounted on a crossbeam. The cross beam can be raised above the water for routine maintenance by winching it up the monopole support structure. The turbines have a patented feature whereby the rotor blades can be pitched through 180 degrees, allowing them to optimise energy capture and operate in bi-directional flows. MCT has an agreement in place to supply SeaGen devices for the Minas Basin Pulp Power site at FORCE in the Bay of Fundy.
- Headquarters Bristol, United Kingdom
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website marineturbines.com
- Social LinkedIn
- Acquired by SIMEC Atlantis Energy (Apr 2015)
- Legal Name Atlantis Energy Limited
- Latest Funding Round$9.16M (USD), Grant
Jan 2017
- InvestorsGov.uk
& 3 more
- Acquired bySIMEC Atlantis Energy
(Apr 2015)
Products & Services of Marine Current Turbines
Marine Current Turbines offers a comprehensive portfolio of products and services, including MeyGen, Uskmouth Sustainable Energy Park, and Mey BESS.
Delivers large-scale tidal energy for predictable renewable power generation.
Manages energy storage to support sustainable power systems.
Provides storage solutions for efficient energy management.
Funding Insights of Marine Current Turbines
- Total Rounds 3
- Last Round Grant — $9.16M
- First Round $4.35M
(Dec 2009)
- Investors Count 3
All 3 funding rounds of Marine Current Turbines with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $9.16M | Grant | – | – | |
| Apr 2014 | $1.68M | Grant | – | – | |
| Dec 2009 | $4.35M | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Marine Current Turbines
Marine Current Turbines has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Carbon Trust and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and accelerator company funding companies in the UK | 2001 | carbontrust.com | Wilmslow, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
| simecatlantis.com |
Investor details for Marine Current Turbines
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Marine Current Turbines
4 dated milestones of Marine Current Turbines across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Marine Current Turbines is founded.
- Funding First funding round of $4.4M.
- Exit Acquired by SIMEC Atlantis Energy.
- Funding Latest funding round, Grant, of $9.2M.
Competitors of Marine Current Turbines
Marine Current Turbines has 3 listed competitors in our database, 3 of them funded. They include Nova Innovation, Sustainable Marine Energy and Orbital Marine Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novainnovation.com | 2010 | Edinburgh, United Kingdom | $3.72M | 36 | Submerged turbine systems are provided for tidal energy conversion projects. | |
| sustainablemarine.com | 2012 | East Cowes, United Kingdom | $11.34M | 15 | Manufactures tidal energy turbines for sustainable marine power generation. | |
| orbitalmarine.com | 2002 | Kirkwall, Scotland | $11.42M | Tidal turbine systems are developed for renewable energy generation. |
Detailed competitors of Marine Current Turbines
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Web traffic of Marine Current Turbines
Websites that share an audience with Marine Current Turbines (marineturbines.com).
Websites whose visitors overlap most with Marine Current Turbines. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| openhydro.com | 100% | View details | |||
| hdrinc.com | 58% | 215.4K | #233,703 | View details |
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Related news about Marine Current Turbines
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Frequently Asked Questions about Marine Current Turbines
Marine Current Turbines was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Marine Current Turbines is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Marine Current Turbines develop generators for harnessing tidal power to generate electricity. Their Seagen range of tidal generators consists of twin power trains mounted on a crossbeam. The cross beam can be raised above the water for routine maintenance by winching it up the monopole support structure. The turbines have a patented feature whereby the rotor blades can be pitched through 180 degrees, allowing them to optimise energy capture and operate in bi-directional flows. MCT has an agreement in place to supply SeaGen devices for the Minas Basin Pulp Power site at FORCE in the Bay of Fundy.
Marine Current Turbines's top competitors include Nova Innovation, Orbital Marine Power and Sustainable Marine Energy.
Marine Current Turbines offers MeyGen, Uskmouth Sustainable Energy Park, and Mey BESS.
Marine Current Turbines has 4 investors. Key investors include Gov.uk, Carbon Trust, European Union, and SIMEC Atlantis Energy.
Marine Current Turbines operates through Atlantis Energy Limited.
Yes. Marine Current Turbines was acquired by SIMEC Atlantis Energy in April 2015.