- Simec Atlantis Energy said it would enter into a technology partnership and preferred supplier agreement with GE's power conversion business.

The two companies would work together and share resources for the ongoing development of utility-scale tidal energy generation and associated energy storage solutions.

They would also engage in joint marketing activities to promote new subsea connection technologies and the wider benefits of cleaner, predictable tidal energy.

Atlantis and GE had already been working in partnership since September 2018 on the development and performance validation of Atlantis' AR2000 tidal generation system, expected to be the world's largest and most powerful single axis turbine.

At 8:23am: [LON:SAE] Simec Atlantis Energy Limited Ord Npv Di share price was +0.25p at 17.75p

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