SIMEC Atlantis Energy Limited

Equities

SAE

SG9999011118

Renewable Energy Equipment & Services

Market Closed - London S.E. Other stock markets 11:35:07 2024-04-26 am EDT			5-day change	1st Jan Change
0.8 ^GBX	-2.44%		-5.88%	-48.39%

Mar. 28	Duke expects revenue rise; SIMEC gets EL deal payment	AN
Mar. 28	AIM WINNERS & LOSERS: SIMEC gets payment; Molecular Energies to delist	AN

SIMEC Atlantis wins planning consent for energy storage project

December 09, 2022 at 06:26 am EST

(Alliance News) - SIMEC Atlantis Energy Ltd on Friday said Newport City Council in Wales gave it conditional planning consent for a 230 megawatt/460 megawatt per hour battery energy storage system at the Uskmouth site.

The Edinburgh-based energy company focused on tidal energy said it expects to achieve contractual milestones in the first quarter of 2023.

In August, Simec said it anticipated the project to be operational by 2024. The company in May said its portfolio company Uskmouth Energy Storage Ltd signed the GBP40 million contract with Energy Optimisation Solutions Ltd and Quinbrook Infrastructure Partners Ltd, which it back then said represented an "anchoring project" in the development of the Uskmouth site into a sustainable energy park.

SIMEC Atlantis shares rose 31% to 2.15 pence each in London on Friday morning.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ATLANTIS	3.255 PLN	0.00%	-1.36%	5.95M
	SIMEC ATLANTIS ENERGY LIMITED	0.8 GBX	-2.44%	-5.88%	7.2M

Latest news about SIMEC Atlantis Energy Limited

Duke expects revenue rise; SIMEC gets EL deal payment	Mar. 28	AN
AIM WINNERS & LOSERS: SIMEC gets payment; Molecular Energies to delist	Mar. 28	AN
SIMEC Atlantis Energy reaches milestone in BESS project	Jan. 11	AN
Simec Atlantis Energy Wins Planning Approval for Battery Energy Storage Development	Jan. 11	MT
Simec Atlantis Energy Limited Announces That Next Battery Energy Storage System Project at Uskmouth Site Has Been Granted Planning Consent with Conditions by Newport City Council	Jan. 11	CI
EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked	Dec. 05	AN
SIMEC Atlantis swings to profit; System1 optimistic	23-09-27	AN
SIMEC Atlantis Energy Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
SSE, RWE, SIMEC secure UK renewables bids, but offshore wind absent	23-09-08	AN
Simec Atlantis Energy Jumps 14% on New Contracts for Difference for Tidal Energy Project in Scotland	23-09-08	MT
UK jobs market slow; Round hill soars on takeover	23-09-08	AN
SIMEC Atlantis Energy annual loss narrows, outlook hopeful	23-07-26	AN
SIMEC Atlantis Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-07-26	CI
Simec Atlantis Energy Receives GBP4 Million Payment for 230MW UK Battery Energy Storage Project	23-07-24	MT
SIMEC Atlantis receives GBP4 million payment for project in Wales	23-07-24	AN
SIMEC Atlantis Energy renewables arm successfully deploys Turbine 2	23-07-05	AN
SIMEC Atlantis Energy Limited Announces the Successful Deployment of 'Turbine 2' At the MeyGen Site	23-07-05	CI
FTSE 100 Closes Up 0.1% Lifted by Mining, Financial Stocks	23-06-27	DJ
SIMEC Atlantis shares to be suspended after results delay	23-06-27	AN
UK Banks Rates Hike Benefit Likely to Be Limited	23-06-27	DJ
SIMEC Atlantis says subsidiary debenture extension approved	23-06-21	AN
SIMEC Atlantis notes SAE Renewables debenture extension	23-06-02	AN
SIMEC Atlantis Energy amends 2018 debenture, provides update	23-03-29	AN
SIMEC seeks repayment delay, Pires invests in AI	23-02-23	AN
SIMEC Atlantis Energy Surges 33% on Council Approval for UK Battery Storage Project	22-12-09	MT

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Company Profile

SIMEC Atlantis Energy Limited is a United Kingdom-based developer, owner and operator of sustainable energy projects. The Company is focused on generating energy from renewable power generation projects, development of these projects, and in developing its turbines for installation in tidal projects. It is focused on generating energy from renewable power generation projects, development of these projects. The Companyâs sustainable energy parks are designed to utilize the existing infrastructure and natural resources in the local area. Its sustainable energy parks include Uskmouth Sustainable Energy Park and Meygen Sustainable Energy Park. It is also a provider of tidal energy system design, development and operation. Its flagship project MeyGen develops a tidal stream project of up to 398 megawatts at an offshore site between Scotlandâs northernmost coast and the island of Stroma. Its subsidiaries include Atlantis Resources (Scotland) Limited and ARC Operations Pty Limited.

Sector

Renewable Energy Equipment & Services

Calendar

2024-06-26 - Q4 2023 Earnings Release (Projected)

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