Atlantis Achieves Significant Milestones in 2014

first_imgAtlantis, owner of the world’s largest planned tidal stream energy project, MeyGen Limited (MeyGen), has announced its Interim Results for the six months to 30 June 2014.2014 has been an exciting year to date, notably making Atlantis’ transition to a public company and celebrating the finalisation of a £51 million funding package for the world’s first full scale tidal stream array. The start of construction on Phase 1A of the MeyGen array in the second half of this year will be the culmination of over 5 year of origination and development effort to realise this project.The Group significantly strengthened its balance sheet over the six month to 30 June 2014 as a result of the funds raised from the IPO as well as the conversion of shareholder loans on asmission of the company shares to trading on AIM. The group’s net asset position was strengthened from $21.6 million at 31 December to $76.4 million at 30 June 2014, with total loans and borrowings reduced from $51.2 million to $18.3 million.MeyGen Project– In September, MeyGen achieved financial close of a £51 million funding package for delivery of the first 6MW stage of the project, Phase 1A. The funding syndicate includes Atlantis, the UK government’s Department of Energy & Climate Change, The Crown Estate, Scottish Enterprise (through the Renewable Energy Investment Fund), and Highlands and Islands Enterprise;– MeyGen has also entered into supply and construction contracts for Phase 1A, including turbine supply contracts with Atlantis and Andritz Hydro Hammerfest (UK) Limited for a total of four 1.5MW tidal turbines.Turbine Technology– In March, Atlantis and Lockheed Martin Corporation formally commenced the AR1500 turbine detailed design programme, which is due for completion at the end of the year. This includes the systems integration scope for all the turbine sub-assemblies;– During March, Atlantis also completed a consulting contract for Carnegie Wave Energy Ltd for initial analysis of array configurations to reduce cost of energy, and has agreed a second phase of work which is now underway.Other Projects– Atlantis continues to work with Lockheed Martin Corporation and the Fundy Ocean Research Centre for Energy in pursuit of development opportunities in Canada;– Atlantis has reached agreement with the Energy Technologies Institute for commencement of the £7.5 million Phase 2 of the Tidal Energy Converter project, which will involve detailed design and demonstration of the innovative concepts identified in Phase 1.Corporate– In February, Atlantis successfully completed its listing and initial public offering on AIM, raising £12 million;– Also in February, Atlantis announced that it had been awarded €7.7 million for the development of a multi-turbine array using Atlantis’ AR1500 turbine at the MeyGen site, following a grant application to the European Commission’s Seventh Framework Programme during 2013.– In July, Atlantis formally opened its new Edinburgh office, from which it will deliver the MeyGen project and build a projects and engineering hub. This has been supported through a £2 million loan from Scottish Enterprise, through its Renewable Energy Investment Fund.Tim Cornelius, Chief Executive of Atlantis, said: “The first half of 2014 was a very busy period for Atlantis with our successful admission to AIM raising £12m from investors in February.“Post the period end, on 18 September 2014, the most significant milestone in Atlantis’ history was reached when the MeyGen project reached financial close on a £51m funding package. This is a great achievement for the company and marks the significant time and effort that has been invested by the company and its partners. The outlook for Atlantis remains strong and the Board looks to the future with confidence.”September 24, 2014last_img read more

UK GAS-Prices rise as lower wind output boosts gas demand

first_imgBy Oleg Vukmanovic(Reuters) – British prompt gas prices rose early on Wednesday due to an undersupplied system as lower wind power generation boosted demand for gas-fuelled power plants.Sharply lower withdrawals from underground storage sites helped further tighten supplies, pushing gas for instant delivery up 0.95 pence per therm at 29.20 p/therm by 0844 GMT, and day-ahead gas trading 0.52 p/therm higher at 29.10 p/therm.Britain’s gas network was undersupplied by 10.20 million cubic metres/day (mcm/day) with demand estimated at 289.6 mcm/day, according to National Grid data.“Prompt prices have firmed from yesterday, taking direction from the short system and gains on the front month contract,”‘ Marcel Boonaert, head of trading and portfolio at Wingas UK, said.The April gas contract rose 0.10 p/therm to 29.20 p/therm.Both nominated pipeline supplies from the UK continental shelf (UKCS) and LNG terminals were high on Wednesday morning at 149 mcm and 42 mcm respectively.Imports from Norway were steady at 65 mcm through the main Langeled pipeline.Britain’s largest gas storage site Rough reduced withdrawals to zero overnight due to lack of a price incentive to sell stored reserves on the spot market, analysts said.One LNG tanker is currently anchored at the South Hook import terminal, and two more are expected to arrive over the next week.Local distribution zone demand – for heating – was pegged at five mcm/day lower for Thursday, at 170 mcm/day, compared with Wednesday levels, likely due to slightly milder weather expectations.The summer gas season is due to begin on April 1 which will run until October. This is typically a period of lower demand for gas due to warmer temperatures and a time when many gas infrastructure operators carry out maintenance.Further out on the curve, the contract for gas delivery winter 2016/17 rose 0.05 pence to 33.10 pence/therm.Dutch day-ahead gas prices rose 0.17 euro/MWh to 12.10 euros/MWh. In the European carbon market, front-year allowances eased 0.01 euro to 4.78 euro a tonne.(Reporting by Oleg Vukmanovic in Milan; editing by Susan Thomas)last_img read more

UWF men’s golf ranks second in NCAA Division II

first_imgOctober 22, 2015 GOLFSTAT RANKINGSINDIANAPOLIS – The University of West Florida men’s golf team ranks second in NCAA Division II according to Golfstat’s rankings released earlier on Thursday. The ranking marks as the highest spot since the 2007-2008 academic year and is the third year in UWF men’s golf history that the team has earned the No. 2 spot. The 2007-2008 season is the last year West Florida won the NCAA Division II National Championship. West Florida only trails No. 1 Saint Leo in the poll. UWF has claimed two titles this year, taking the top spot at the Jay Jennison Memorial and the Patriot Intercollegiate. The UWF men’s golf team is one of five NCAA Division II programs to win two tournamentsin the 2015-16 school year. The Argos also claimed a runner-up position at the Guy Harvey Invitational on Oct. 13. Individual rankings are led by sophomores Henry Westmoreland (Wacissa, Fla./Florida State University School) and Chandler Blanchet (Gainesville, Fla./Buchholz HS) who are ranked 14th and 16th in the nation, respectively. Westmoreland claimed the first overall spot at West Florida’s first tournament of the year, the Jay Jennison Memorial, and owns    a 71 stroke average through the team’s first nine rounds. Westmoreland is ranked as the 11th best player in the South Region in addition to his national ranking. Blanchet has finished in the top 15 in all three of UWF’s tournaments this fall, highlighted by his effort at the Guy Harvey Invitational where he finished in a tie for third. Blanchet ranks as the eighth best player in the South Region and has posted a 72 stroke average through his first three tournaments. West Florida men’s golf resumes action on Oct. 26-27, when it heads to Orlando, Florida to partake in the McDonough Cup hosted by Rollins University at Rio Pinar Country Club. For information on all UWF athletics, visit www.GoArgos.com. #ARGOS#Print Friendly Versionlast_img read more

Moore is too much for opening night Arizona IMCA Mod Tour foes

first_imgBob Moore won the opening night Arizona IMCA Mod Tour main event, and $1,250, Friday at Cocopah Speedway. (Photo by Melissa Coker)By Mike SpiekerYUMA, Ariz. (Feb. 10) – Bob Moore scored the opening night Arizona IMCA Modified Tour win after a couple spirited battles with Shawn Strand and Hunter Marriott.The first annual tour commenced Friday night at Cocopah Speedway with an outstanding field of 85 Modifieds in attendance. Moore’s victory paid $1,250 and put him on the ballot for the upcoming Fast Shafts All-Star Invitational.After taking the lead away from polesitter Strand, on lap two, Moore opened up a sizeable lead and checked out from the field. As the race advanced, however, Strand’s machine got faster and he was able to reel in and pass Moore to reclaim the lead.The race was slowed at halfway as seven cars tangled in turn one to bring out the caution. When the race resumed, Moore went to the low side of turns one and two to grab the lead away from Strand. Marriott followed suit and rode in Moore’s tire tracks to take the second spot.In the closing laps, lapped traffic allowed Marriott to close the gap between himself and Moore, with only three car lengths separating them at the white flag. Moore carefully maneuvered his way around the slower cars and held off Marriott to secure the win.“I didn’t even know [Marriott] was there,” Moore said after the race, when asked if he felt any pressure from Hunter. “I knew the top was the place to be and I kept inching my way up there throughout the race. You had to be way up there to be fast.”Jason Rogers, who started outside of the front row, took the win in the 20-lap IMCA Sunoco Stock Car main event. Kyle Frederick came home second, followed by polesitter Andrew Altenburg.Mike Tanner found victory lane in the Karl Chevrolet Northern SportMods. The Missouri driver started on the pole and topped hometown driver Cory Hemphill.Cory Tharp collected the IMCA Sunoco Hobby Stock checkers, ahead of Craig Ebers.Feature ResultsModifieds – 1. Bob Moore; 2. Hunter Marriott; 3. Shawn Strand; 4. Lance Mari; 5. Ryan Gaylord; 6. Cody Laney; 7. 
Sean Jerovetz; 8. Lucas Schott; 9. Jimmy Gustin; 10. Jesse Sobbing; 11. Spencer Wilson; 12. Tyler Peterson; 3. Tripp Gaylord; 14. Jeff James; 15. Jacob Hobscheidt; 16. Jesse Williamson; 17. Ryan McDaniel; 18. Jason Wolla
; 19. Chase Allen; 20. Josh McGaha; 21. Collen Winebarger; 22. Austin Kuehl; 23. Troy Gemmill; 24. Bricen James; 25. Jeff Taylor
; 26. Justin Zeitner; 27. 
Nick Decarlo; 28. Bobby Horton; 29. Jeremy Thornton.Stock Cars – 1. Jason Rogers
; 2. Kyle Frederick; 3. Andrew Altenburg; 4. Jody York; 5. 
Race Fisher
; 6. Tony Hill
; 7. Brendon LaBatte; 8. Steven Kihle; 9. George Fronsman; 10. Thomas Daffern; 11. Larry Brigner; 12.  Micheal Mabbitt; 13. Jake Smith
; 14. Joe Haines
; 15. Elijah Zevenbergen; 16. Joe O’Bryan; 17. Manny Baldiviez; 18. Aaron Spangler; 19. Jimmy Davy.Northern SportMods – 1. Mike Tanner; 2. Corey Hemphill; 3. Nick Spainhoward; 4. Kyle Smith; 5. 
Brady Bjella; 6. Corey Clayton; 7. Miles Morris; 8. Joshua Cordova; 9. Clint Clausen; 10. Dennis Gates; 11. Chris Toth
; 12. Kenny Wyman Jr.; 13. James Dupre; 14. Tyler Mecl
; 15. Allen Webb; 16. 
Dale Kunz; 17. Dwayne Melvin; 18. Tate Johnson; 19. Austin Kiefer; 20. Adolfo Noriega; 21. Brandyn Johnson; 22. Brian Roode; 23. Jason George; 24. Mark Madrid; 25. Ron Pegues.Hobby Stocks – 1. Cory Tharp; 2. Craig Ebers; 3. Jason Beshears; 4. Joshua Cordova; 5. Scott Shaw
; 6. Jim Robinson; 7. Tim Clayton; 8. Harvey Quinn.last_img read more

Jazz to face new-look Clippers Tuesday night in Los Angeles

first_img Joe Ingles fined by NBA for hitting Steven Adams Some of those guys have been together for a long time like DeAndre (Jordan) and (Blake) Griffin and (Austin) Rivers. – Ricky Rubio on the Los Angeles ClippersLOS ANGELES — The Los Angeles Clippers team that the Utah Jazz will face Tuesday night at Staples Center (8:30 p.m. MT) will look little like the team they defeated in a bruising seven-game first-round playoff series last spring.Only five players are back from last year’s Clippers team that edged out the Jazz during the regular season before falling in the playoffs. Gone are longtime starting guards Chris Paul and J.J. Reddick along with starting forward Luc Mbah a Moute, sharpshooting sixth-man Jamal Crawford and veteran Paul Pierce.The Jazz and Clips will play the first of four games against each other Tuesday at the same place Utah eliminated the Clippers from the playoffs last April 104-91 in a memorable Game 7.At least there are a couple of recognizable faces on the Clippers team. Blake Griffin, a former No. 1 draft choice by the franchise and seven-year veteran is back, along with all-star center DeAndre Jordan, who are the anchors of this year’s roster. The 6-foot-10 Griffin is a seven-year veteran, who is averaging 29 points a game this season, while Jordan is leading the NBA with 18.5 rebounds per game.Also back are Austin Rivers, son of coach Doc Rivers and reserves Wesley Johnson and Brice Johnson.Despite the Clippers’ loss of several starters and their top reserve, Utah coach Quin Snyder calls them “very, very good” and says they are a “terrific offensive team,” with the firepower they’ve added to this year’s team. The Clippers are off to a fast start with a pair of easy victories, defeating the Lakers 108-92 and the Suns 130-88.The Clippers picked up Lou Williams from the cross-town Lakers and though he isn’t starting, he’s second on the team in scoring behind Griffin at 15.0 ppg. They also got forward Danilo Gallinari from Denver as well as Patrick Beverley from Houston and Milos Teodosic from the Euroleague.“We’re obviously familiar with Blake and DeAndre and between Teo and Beverly and Lou, those guys complement each other very well,” said Snyder, who coached Teodosic in Moscow a few years ago. “Teo adds a dimension to any team that’s very unique with his ability to pass the ball. Patrick Beverly is one of the best on-ball defenders in the league and Lou Williams is able to score with anybody in the league.”“Gallinari is another player who is extremely versatile and has an ability to play- make and shoot the three and Austin Rivers can get to the rim.”The Clippers have also added Sam Dekker, another player in the Paul trade to Houston and center Willie Reed, who played for Miami last year.Ricky Rubio has seen the Clippers a lot over the years and calls them “a great team with a great coach.”“Some of those guys have been together for a long time like DeAndre and Griffin and Rivers,” he said. “Now they have new guys like Gallinari bringing something extra. We’ve got to be ready.”Rubio has been one of the bright spots for the Jazz so far this year as he is tied for the team lead in scoring at 14.7 points per game and also averaging 8.3 assists, 5.3 rebounds and 1.7 steals per game.“I’m playing with more confidence, that’s why the last 3-4 months of the season I played well with confidence,” he said. “It kept building and I had a good summer of working out and I’m being more aggressive and looking for my shot.”Rubio is expected to start along with Rudy Gobert and Derrick Favors inside and Joe Ingles on the wing. If Rodney Hood isn’t able to play — he practiced some Monday, but was listed as questionable for Tuesday — the Jazz will likely start rookie Donovan Mitchell or Thabo Sefolosha on the other wing.The Jazz head over to Phoenix for a Wednesday night game before returning home to face another Los Angeles team, the Lakers, Saturday night. Rodney Hood practices, but is still out for tonight’s game against the Clippers Related Jazz notes: Rubio, Ingles and Gobert tied for team scoring leaderlast_img read more