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Atlantis Resources Unveils World’s Largest Tidal Turbine

Atlantis Resources Corp., the tidal power company whose investors include Morgan Stanley and the Norwegian utility Statkraft AS, unveiled the world’s largest tidal turbine in Scotland.

The AK1000 device’s 18-meter (60-foot) rotors have the capacity to generate 1 megawatt of electricity, enough to power at least 1,000 homes, the Singapore-based company said today in an e-mailed statement. The turbine will be installed at the European Marine Energy Centre in Scotland’s Orkney Islands later this year, it said.