Company profile: Marine Current Turbines
1.1 - Company Overview
Company description
- Provider of tidal stream turbines and developer of the MeyGen tidal stream energy project between Scotland’s northern coast and Stroma, targeting up to 398MW across phases: Phase 1 with four 1.5MW turbines generating since March 2018; Phase 2 awarded a Contract for Difference for 59MW, commissioning 2027–2029; and future phases planned to reach 398MW.
Products and services
- MeyGen Project: Multi-phase tidal stream energy development between Scotland’s northern coast and Stroma, engineered to deliver up to 398MW capacity, generating renewable electricity from tidal streams
- MeyGen Phase 2: CfD-awarded expansion architected for 59MW, with commissioning scheduled in 2027, 2028, and 2029, augmenting project capacity and producing renewable electricity via tidal stream turbines
- MeyGen Phase 1: Operational initial phase featuring four 1.5MW tidal stream turbines that have been generating renewable electricity since March 2018 within the MeyGen development
Key contacts
🔒
🔒
Financial details
🔒
1.2 - Competitors and similar companies to Marine Current Turbines
BrightBox Technologies
HQ: United States
Website
- Description: Provider of advanced HVAC controls for large commercial buildings to improve performance and comfort while significantly reducing operating costs; Bay Area-based start-up.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full BrightBox Technologies company profile →
Chilicon Power
HQ: United States
Website
- Description: Provider of grid-interactive inverter and monitoring solutions: microinverters (CP-720, CP-250E) for 60/72/96/128-cell PV modules; complete energy generation and control systems for residences and commercial buildings; the Cortex GATEWAY for plug-and-play Wi-Fi monitoring (cloud or stand-alone); modular trunk cabling; and the CP-1000 2030.5/CSIP aggregator server for managing distributed energy resources.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Chilicon Power company profile →
Omnidian
HQ: United States
Website
- Description: Provider of comprehensive protection plans for residential and commercial solar investments, offering proactive monitoring, intelligent diagnostics, expert support, and nationwide service coordination. Delivers investment protection and a guaranteed performance program, covering shortfalls when energy generation falls below 95% of projections.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Omnidian company profile →
Zeigo
HQ: United Kingdom
Website
- Description: Provider of climate-tech platforms connecting renewable energy buyers and sellers and enabling corporate decarbonization. Offerings include Zeigo Power for PPA procurement; Zeigo Activate for SME emissions tracking and reduction; Zeigo Hub for supply chain Scope 3 decarbonization; and Zeigo Network for tools, intelligence, and project investment.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Zeigo company profile →
Comwatt
HQ: France
Website
- Description: Provider of AI-driven energy management solutions for decentralized energy, including Power GEN4 to optimize consumption using available sources, weather and pricing; a web/mobile app for consumption and solar production monitoring and equipment automation; connected accessories for device-level measurement and control; and services for designing and installing optimized solar projects with economic simulation tools and CRM.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Comwatt company profile →
🔒
2.M&A buyers
2.1 Potential strategic acquirers in the sector
🔒
🔒
🔒
🔒
View all strategic buyers with complete profiles
Start Free Trial →
2.2 - Strategic buyer groups for Marine Current Turbines
🔒
Buyer group 1: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔒
Buyer group 2: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔒
Buyer group 3: ████████ ████████
●● companies
Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
🔒
View all companies in this group
Request Free Trial Now →
🔓 Unlock all detailed buyer group breakdowns with complete company profiles
Start Free Trial →
3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Marine Current Turbines
2.2 - Growth funds investing in similar companies to Marine Current Turbines
🔒
View all growth equity funds with complete profiles
Start Free Trial →
4 - Top valuation comps for Marine Current Turbines
4.2 - Public trading comparable groups for Marine Current Turbines
🔓 Unlock all public trading comparable groups with complete valuation data
Start Free Trial →