theprior
12 May 2017
Re: Any news I wonder I did email the company last week but no reply.TP
marktime1231
10 May 2017
Re: Any news I wonder Things have been quiet, usually chatty about everything it is up to, because its formal results announcement is due on 25 May perhaps?In the meantime the sp has drifted down towards 50p.No idea why.
theprior
05 May 2017
Any news I wonder What happened to the AR1500 ?Update would be useful.Due to be redeployed in May !Has it even been recovered ? Was it damaged by the 3rd party outage ?More details please.TP
marktime1231
30 Mar 2017
Ambitions Is it also all very well to be generating power in the Lombok Strait? If you are ok to go offshore with wind turbines then you may as well consider underwater turbines? The relative economics and the direction they are going in would be interesting to study.This is a company which seems to want to exploit its good fortune by way of the EU falling over itself to grant millions. A steady flow of good news since Christmas. Some serious stakeholders too. And why not?ARL seems to have matured its technology and management capabilities to the stage where it can readily exploit global opportunities. With a short deployment time and low investment required it is up and running and generating cash flow within months. The idea seems to be highly scalable but there will of course be risks with each novel project.I expect its financials due to be reported (in April ?) to be skewed positive by the last EU grant was it 20 millions. An increasing income stream and a pipeline of opportunities makes this an attractive bet. A s/p under 80p is probably a large discount on current value, let alone future opportunity. I will be adding to my stake when the new ISA window opens.
theprior
04 Feb 2017
Re: Encouraging viewpoint It's all very well creating mega watts of electricity in the Pentland Firth, but there's nobody up there to use it. If the strongest tidal flows are in uninhabited locations where's the commercial advantage in this tech. Thames estuary, or the Humber, or Mersey, or Bristol Channel, and, maybe, just maybe, you're onto a winner. But the sheep on Stroma ?? Naa, they ain't gonna use much.Best of luck with this one. I'm out.TP
ReynardThree
16 Jan 2017
Encouraging viewpoint An encouraging overview on this link:"The giant 398MW MeyGen tidal power project currently taking shape off Scotland will be “pivotal” to the industrialisation of Britain’s marine renewable energy (MRE) sector, according to a new review by UK government-industry technology development body the Energy Technologies Institute (ETI)."[link] posted by 'Noise' on LSERT
theprior
12 Jan 2017
Swansea bay In the news today.Project approved for installation of a tidal power generation project.Raises public awareness.All good publicity despite being a different type of process.TP
Altolusso
12 Jan 2017
Re: Clearly a problem? As I understand it Phase 1B comes from a grant funded project to develop a more efficient infrastructure by mounting more than 1 turbine on each base. MCT had these designs in the pipeline when they were still working on the Skerries project. I assume it is more cost-effective to use the MCT turbines rather than redesign the foundations for a different turbine design, plus potentially the leadtime for building MCT turbines is shorter than the alternatives.
theprior
09 Jan 2017
RNS Grant €20m for MayGen 1BI suppose that's the last Euro funding we'll see following th eBrexit vote.Still, all grist to the mill.Nice New Year present.TP
bigdon123
20 Dec 2016
Re: Clearly a problem? Oh come on!Years in the planning, put it in the water and find out the rotors aren't as efficient as planned, that's bordering on ridiculous! If indeed it is the case as the company still won't update the market despite a 50% share price collapse from a month or so ago.Looks like another aim dog in the making but I genuinely hope not. It just can't get my head round the need to make such obvious changes already to the design! I really hope my instinct is wrong on this and the next update is a good one.
theprior
20 Dec 2016
Re: Clearly a problem? I suspect the decision to use MCT for the turbine is mainly due to the fact that it's a wholly owned subsidiary and so completely under the control of the parent.Cost is critical as you say, H, and made more problematic due to the higher spec required for subsea operation. This of course is countered by the smaller blades required in tidal flows.But the overwhelming reason for investing insubsea generation, for me at least, is the aesthetic and safety benefits. Out of sight and below surface vessel operating ranges makes this a preferred option. TP
Hallucigenia
19 Dec 2016
Re: Clearly a problem? You've also got to consider the strategic background, and some of the stunningly low prices being bid for recent offshore wind projects in shallower parts of the North Sea. That in turn will put pressure on the next UK auction prices.Switching to the MCT design for the next phase I suspect is partly to do with delays to the Lockheed turbine, and mostly about trying to wring out every cost reduction possible - the Lockheed design is at the RollsRoyce end of the spectrum.The foundations thing is not a biggy - using 200t blocks of concrete was more of a sop to the politicians, as they have to be made locally so generate local employment. There was always a mild preference for using steel from China (if nothing else it avoids having to use a heavy-lift ship), but both options were developed depending on which way the politics was blowing. Perhaps more significant is the change in corporate structure and not using TPSL for phase 1b. I suspect that's Scottish Power deciding to concentrate on offshore wind instead of tidal in the wake of the CfD decisions, but I don't know for sure.
theprior
19 Dec 2016
Re: Clearly a problem? Reading between the lines it seems the problems are : -1) the turbines are not big enough to generate cost effectively (even at full power)2) the foundations need to be reengineered, perhaps because they are not that stable?These problems are easily rectified and the next phase is already progressing.Otherwise it seems to be all systems go.Perhaps the market interprets the need for modifications as bad news. Whereas, in truth, it is perfectly normal, when dealing with a new technology, for the product to be improved as experience is gained. Hence the modification.I'm buying.TP
bigdon123
15 Dec 2016
Re: Clearly a problem? So they are pushing ahead with the next phase, rns was good news, still concerned about the lack of update on the other turbines. Posting pictures of the sunrise in Scotland and xmas cards on twitter is nice enough but what about the fundamentals of the company project.Question to Atlantis, are all turbines for 1a in place and turning/producing as expected?
bigdon123
13 Dec 2016
Clearly a problem? Is there a problem here with the meygen turbines?The AHH one is working fine, but surely a company wouldn't be so naive as to not update on the other turbines that should be turning now also.Perhaps there is a problem with the second turbine installed which is preventing them installing the 4th which again is a different make from the very first AHH turbine which is working at full power.Would explain the constant share price collapse.
