About Marine Current Turbines
Marine Current Turbines is a company based in Bristol (United Kingdom) founded in 1999 was acquired by SIMEC Atlantis Energy in April 2015.. Marine Current Turbines offers products and services including MeyGen, Uskmouth Sustainable Energy Park, and Mey BESS. Marine Current Turbines operates in a competitive market with competitors including Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others.
- Headquarter Bristol, United Kingdom
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Atlantis Energy Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$9.16 M (USD), Grant
Jan 01, 2017
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Investors
Gov.uk
& 3 more
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Employee Count
Employee Count
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Acquired by
SIMEC Atlantis Energy
(Apr 29, 2015)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Funding Total Funding
- Total Rounds 3
- Last Round Grant — $9.2M
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First Round
First Round
(22 Dec 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Grant - Marine Current Turbines | Valuation |
investors |
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| Apr, 2014 | Amount | Grant - Marine Current Turbines | Valuation |
investors |
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| Dec, 2009 | Amount | Grant - Marine Current Turbines | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and accelerator company funding companies in the UK
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Marine Current Turbines
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Marine Current Turbines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marine Current Turbines Comparisons
Competitors of Marine Current Turbines
Marine Current Turbines operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tidal turbines are developed and manufactured for hydropower projects.
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| domain | founded_year | HQ Location |
Submerged turbine systems are provided for tidal energy conversion projects.
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| domain | founded_year | HQ Location |
Tidal energy is harnessed through an underwater kite with turbine.
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| domain | founded_year | HQ Location |
Manufacturer of tidal turbines
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| domain | founded_year | HQ Location |
Manufactures tidal energy turbines for sustainable marine power generation.
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| domain | founded_year | HQ Location |
Submerged tidal turbines for marine energy are developed and deployed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Marine Current Turbines
When was Marine Current Turbines founded?
Marine Current Turbines was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Where is Marine Current Turbines located?
Marine Current Turbines is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
What does Marine Current Turbines do?
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.
Who are the top competitors of Marine Current Turbines?
Marine Current Turbines's top competitors include Verdant Power, Minesto and Nova Innovation.
What products or services does Marine Current Turbines offer?
Marine Current Turbines offers MeyGen, Uskmouth Sustainable Energy Park, and Mey BESS.
Who are Marine Current Turbines's investors?
Marine Current Turbines has 4 investors. Key investors include Gov.uk, Carbon Trust, European Union, and SIMEC Atlantis Energy.