It is estimated that in the United Kingdom, there is 18TWh/yr of technically extractable tidal current resource. 40% of this technically extractable resource is concentrated in the far north of Scotland (Pentland Firth and Orkney Islands). Governments have recognized the immense potential of ocean energy and have begun significant incentive programmes to harness it. Ocean energy receives the highest number of renewable obligation certificates (ROCs) in the U.K in order to stimulate investment in projects that have high up front capital costs associated with developing turbine fields and power evacuation networks in some of the roughest waters on the planet.

 In 2010, an Atlantis led consortium was awarded the rights to develop the inner sound of the Pentland Firth by The Crown Estate. MeyGen Limited, the development company and project sponsor, secured an Agreement for Lease from The Crown Estate for the area that lies in the channel (Inner Sound) between the island of Stroma and the north easterly tip of the Scottish mainland, encompassing almost 3.5km2 of fast flowing water.

The MeyGen Consortium includes Morgan Stanley, International Power GDF Suez and Atlantis Resources Corporation. MeyGen has an overall goal to deliver a fully operational, 398MW renewable energy plant powered purely by the tide, generating the equivalent electricity to power 40,000 Scottish homes by 2020.

Atlantis has an exclusive turbine system supply agreement with MeyGen limited.