Atlantis Raises $14M for Tidal Power

Ocean power may be down, but it’s not out. Atlantis Resources, a Singapore-based developer of tidal turbines, said today that it raised $14 million in funding, with Norway’s Statkraft, an energy company, coming on board as a new investor and leading the round. Statkraft put up about half of the round of financing, and joins [...]Related PoOcean power may be downbut it’s not outAtlantis Resourcesa Singapore-based developer of tidal turbinessaid today that it raised $14 million in fundingwith Norway’s Statkraftan energy companycoming on board as a new investor and leading the roundStatkraft put up about half of the round of financingand joins existing backers including Morgan Stanleythe largest shareholder of Atlantis.

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