Xodus Group has signed a Memorandum of Understanding (MoU) with Atlantis Resources to pursue the development of a tidal energy project in Japan.
The ambition for this agreement is to secure funding and establish a commercially viable tidal energy demonstration project of three to eight turbines in the country.
The companies visited Japan earlier this year to meet with government departments, supply chain and utility companies to promote the collaboration and join the lobbying effort for the general promotion of tidal energy as a credible future energy source in Japan.
Atlantis is a global developer of renewable energy projects with more than 1,000 megawatts in various stages of development including the world’s flagship tidal stream project, MeyGen. Xodus played a pivotal role in the creation of the environmental statement as lead consultant in the environmental impact assessment for the project.
Pete Tipler, Principal Consultant at Xodus Group said: “Over the last few years, have built up strong connections in Japan through Chiyoda and we look forward to progressing this opportunity with Atlantis.
“We have a long and trusted relationship with Atlantis from the early days of their turbine testing at the European Marine Energy Centre (EMEC) and through the MeyGen project and can rely on the experience of their team to understand the opportunities and challenges of developing a tidal project in Japan. Together, we need to prove tidal energy as a competitive renewable energy source for the country.”
Tim Cornelius of Atlantis Resources added: “We are looking forward to working alongside Xodus pursuing development opportunities in this exciting market. This is a continuation of our long-established relationship over many years at the MeyGen project that has seen the tidal stream sector move from demonstration to operations of commercial scale arrays.
“We look forward to replicating this success and have already commenced pursuing several project opportunities in Japan together.”