Marine renewables developer Atlantis Resources has signed a memorandum of understanding (MoU) with Xodus Group to explore new opportunities for a tidal energy project in Japan.
By signing the new agreement, both companies intend to secure funding and build a tidal energy demonstration project of three to eight turbines in the country.
Xodus Group principal consultant Pete Tipler said: “Over the last few years, we 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.”
Earlier this year, the two companies visited Japan and met with the government officials, supply chain and utility companies to promote the collaboration.
Atlantis Resources chief executive officer Tim Cornelius said: “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.”