SIMEC Atlantis Energy (SAE LN) - AW2 JV partner secured - Corporate

SAE has announced that it has secured Econergy as 50/50 JV partner on its AW2 BESS project. This introduces a quality partner into the project, which we expect to help SAE progress through planning and to financial close, targeted for 2027.

SIMEC Atlantis Energy (SAE LN) - Loan secured to progress AW1 project ...

SAE has announced new loan funding to be used for its AW1 project at its Uskmouth site in South Wales. This will allow the project to pursue ordering of long lead items and complete payment to allow SAE to take full ownership of the project, while the company continues to pursue project financial close, targeted for the coming months.

SIMEC Atlantis Energy (SAE LN) - Capacity revenue contract secured for...

SAE has announced the award of a capacity contract for the company’s planned AW1 120MW BESS project at its Uskmouth site in Wales. The contract will pay £60/KW/year for a 15-year period. Capacity market payments are made to electricity market actors in exchange for providing a reliable source of supply, and this contract provides an important source of revenues for AW1, alongside the power trading revenues also expected to be realised by the project.

SIMEC Atlantis Energy (SAE LN) - Final Uskmouth BESS land payment rec...

SAE has announced that it has now received the final payment in respect of the land sale of its Uskmouth BESS 460MWH (230MW) project, from Electric Land. This payment is £1.3m cash, and has been paid due to 10% of the batteries for the project having now been delivered to site – an important additional project milestone.

SIMEC Atlantis Energy (SAE LN) - Further Uskmouth BESS payment receive...

SAE has announced receipt of a £1.5m cash milestone payment from Electric Land in relation to the under construction 230MW (460MWH) Uskmouth BESS project. This relates to completion of the civil works at the Uskmouth site. SAE has now received £8.5m of a total £9.8m due from Electric Land, with the remaining balance to be received once 10% of the batteries have been delivered to the project site, expected in H1 2025.

Hybridan Small Cap Feast - 5 November 2024

5th November 2024 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 17th October 2024: Selkirk Group: a newly incorpora...

SIMEC Atlantis Energy (SAE LN) - H1 2024 results

SAE has released its H1 2024 results, reporting strong revenues on the back of the Uskmouth 230MW BESS land sale, alongside project progress across its BESS and tidal portfolio.

SIMEC Atlantis Energy (SAE LN) - Further MeyGen CFD award

SAE has announced a further CFD award for its MeyGen tidal energy project in Scotland in the UK government’s recent AR6 allocation round. The award is for capacity of c.9MW of tidal energy at a price of £172/MWH in (2012 prices). This now takes secured CFD support for the next phase of MeyGen to 59MW, with the balance won in previous allocation rounds (28MW at £235/MWH and 22MW at £258/MWH, again all 2012 prices), all providing a strong underpinning for expansion of the project beyond its existi...

SIMEC Atlantis Energy (SAE LN)

SAE has announced that it has bought out its early-stage development partner in its 120MW AW1 BESS project at its Uskmouth site in Wales. This gives SAE full control of the project, helping pave the way for progression towards financial close, including introducing a new project JV partner to help provide funding.

Hybridan Small Cap Feast - 7 August 2024

7th August 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Andrada Mining 3.35p £52.9m (ATM.L) The African critical r...

Zeus Energy Sector Update

Welcome to our Energy sector update, where we reflect on recent news and activity in the sector, draw together relevant industry data and analysis, and highlight our recent research.

SIMEC Atlantis Energy (SAE LN) - Simply the BESS(t)

SAE is a UK renewable energy company, pursuing development of numerous projects in the UK. The company has a stotal portfolio of 1.3GW of Battery Energy Storage Systems (BESS) projects across sites in Wales and Scotland, with one 230MW project already sold and being progressed, and the opportunity to participate in construction and operation of a wider portfolio over the coming years.

Hybridan Small Cap Feast - 25 June 2024

25th June 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 19 June 2024: IntelliAM, an artificial intelligence company focused on the consumer goods industry, is preparing to list on the Aquis Exchange on 3 July. T...

SIMEC Atlantis Energy (SAE LN) - Full year 2023 results

SAE has released its full year 2023 results, reporting a year of strong positive cash flows on the back of its Uskmouth BESS project sale. The statement also gives more detail on the company’s forward strategy, with an increasing focus on participating in new BESS projects at Uskmouth and Mey, alongside progressing the significant tidal business.

SIMEC Atlantis Energy (SAE LN) - Mey BESS project progress

SAE has announced submission for consents for a 207MW BESS project near its MeyGen tidal site in northern Scotland, alongside the securing of 287MW of import/export grid capacity. This represents important progress in the company’s BESS business, alongside providing helpful project diversification.

SIMEC Atlantis Energy (SAE LN) - Uskmouth BESS lease monetised

Hybridan Small Cap Feast - 27 Sep 23

27th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob...

Hybridan Small Cap Feast - 08 Sep23

8th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj...

SIMEC Atlantis Energy (SAE LN) - MeyGen CFD auction award

SAE has announced that it has received a further award of UK government CFD support for its MeyGen project, located off the coast of Northern Scotland.

SIMEC Atlantis Energy

SAE has released its full year results to the end of December 2022