Default company panoramic image

Atlantic Current Energy, LLC

Atlantic Current Energy, LLC. designs, develops and deploys tidal-current energy systems for generating electricity from free flowing water.

  • Stage Product In Development
  • Industry Clean Technology
  • Location Chapel Hill, NC, USA
  • Currency USD
  • Founded January 2009
  • Employees 3
  • Website

Company Summary

The Company designs tidal-current generating systems for state waters in the SE; the electricity will be sold to utility companies to meet RPSs. It includes patented rotor design (7.736,127 and 8,100,648), MP controlling rotor direction and pitch (2012-0114483), and hydraulic drive-train (8,106,527) which places generator ground level. Tidal and wind turbines at same site using hydraulic drive-trains and accumulators synchronize production/use.


  • Default avatar
    Fred K. Carr
    Founder and CEO

    Fred has over 30 years experience as a patent prosecutor, technology developer, and business owner with technology which revolutionized fuel dispensing/tank monitoring. He started his career in medical research/teaching after which he helped establish the University Technology Programs at Northwestern and the University of North Carolina. He holds 13 patents, several commercially successful, and has been involved in several start-ups.

  • Default avatar
    Jim Lattanzi
    Financial Consultant

    As a Partner in a "Big 4" Accounting Firm, Jim was directly involved in several IPOs. As CFO at King Pharmaceuticals, capital raising activities included $350 million convertible debenture, $650 million common stock offering, $110 million equity offering from a shelf registration and a $440 million line of credit with syndication of banks. As CFO, Jim also had a high level of dialogue with financial institutions, investor groups, rating agencies.

  • Default avatar
    Steve Wilson
    Technology Consultant

    Steve is a civil-structure engineer, registered in NC and SC, and certified project manager. He graduated NC State magna cum laude, and has 30 years experience in power transmission, substation and grid design.