INNOVATORS OF SUSTAINABLE ALTERNATIVE ENERGY PROJECTS

By the end of 2021, MeyGen had produced 70% of the global tidal energy output*

*Source: Ofgem public records, #BEIS

Since 2016 MeyGen has produced 72% of the UK's total tidal output*

*Source: Ofgem public records, #BEIS

INNOVATORS OF SUSTAINABLE ALTERNATIVE ENERGY PROJECTS

ABOUT US

We are SAE. Our aim is to be a global leader in the creation of new, sustainable energy projects for the benefit of our planet. We are passionate about what we do. Our sustainable energy projects are not just good business, they are making a meaningful contribution towards tackling two of the biggest issues currently facing society – climate change and the war on plastic.

Sustainably fuelled generation

We have pioneered the conversion of existing coal fired power stations to use waste derived fuel pellets. We have the technical expertise to help reduce the global use of coal around the world.

Tidal Stream Power

We are global leaders in tidal energy system design, development and operation.

Our flagship project MeyGen harnesses the power of the tides to generate clean, renewable energy to the grid.

MISSION, VISION & VALUES

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OUR VISION

To be a global leader in the creation of new, sustainable energy projects for the benefit of our planet

Inside-the-Nacelle2

OUR MISSION

To collaborate and innovate to reduce costs and deliver sustainable energy projects

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OUR VALUES

Today – We are an innovative and dedicated team

Tomorrow – Through collaboration and teamwork we will become truly global and achieve our vision

Always – We always value the safety of each other, our communities and the environment

Interim results

By Admin | September 27, 2023

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Interim results SAE announces its unaudited interim results for the six months ended 30 June 2023. A complete version of the interim results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents).  Chairman’s Statement I am pleased to report a strong first…

SAE secures support to deliver another phase at the world leading MeyGen project

By Admin | September 8, 2023

SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees £198 (£/MWh), for 15 years from 31st March 2028 commissioning date, will allow SAE to deliver a total of c.22MW of clean, home-sourced, predictable…

Results of Annual General Meeting

By Admin | August 11, 2023

  SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Results of Annual General Meeting SAE announces the results of its Company’s Annual General Meeting, held today, August 11th 2023. Resolutions 1 to 7 and resolution 9 were duly passed.  Resolution 8, proposed as an ordinary resolution relating to the disapplication of pre-emption rights,…

Final results for the year ended 31 December 2022 and notice of the AGM

By Admin | July 26, 2023

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”)  Final results for the year ended 31 December 2022 and notice of the AGM SAE announces its final results for the year ended 31 December 2022. A complete version of the 2022 Annual Report and Accounts (“2022 Annual Report”) can be found here: https://saerenewables.com/investor-relations/company-documents/. The…

SAE receives next payment for BESS project

By Admin | July 24, 2023

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) SAE receives next payment for BESS project Further to the Company’s announcement on 23 February 2023, SAE is pleased to confirm that it has now received the £4.0m development premium from Uskmouth Energy Storage Limited (“UES”), as part of the arrangements that allow UES to…

SAE Renewables successfully deploys upgraded turbine

By Admin | July 5, 2023

SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”)  SAE Renewables successfully deploys upgraded turbine SAE is pleased to announce the successful deployment of ‘Turbine 2’ at the MeyGen site. The turbine has undergone significant upgrades to improve performance and reliability. One of the major steps was to convert…

Update on 2022 Annual Report and Financial Statements

By Admin | June 27, 2023

SAE provides the following update in relation to its audited Annual Report and Financial Statements for its financial year ended 31 December 2022 (the “2022 Annual Report”). SAE will not be in a position to publish the 2022 Annual Report by 30 June 2023, as required by Rule 19 of the AIM Rules for Companies…

Abundance Bonds update

By Admin | June 21, 2023

Further to the Company’s announcement on 2 June 2023, SAE is pleased to announce that the holders of the AOE17 debentures have approved the proposed amendment to the 2017 debenture deed, which: extends the maturity date from 30 June 2023 to 30 June 2024 (the “Extension Period”); and will pay an enhanced interest for the…

SAE Renewables issues a request to amend Debenture Deed

By Admin | June 2, 2023

Further to the Company’s announcement on 23 February 2023 regarding the amendments to the debenture deeds, SAE Renewables is today issuing a further communication to the holders of the debentures issued in 2017 through Atlantis Ocean Energy (the “AOE17 debentures”), with the support of Abundance Investment Limited, requesting an amendment to the debenture deed, which…

SAE achieves another major milestone in the development of the Uskmouth Sustainable Energy Park

By Admin | May 24, 2023

Further to the Company’s announcement of 23 February 2023, SAE are delighted to announce that Uskmouth Energy Storage Limited, a portfolio company of Quinbrook Infrastructure Partners, on 23 May 2023, gave formal notice of their exercise of the option to take a lease of land at the Group’s Uskmouth site for one of the UK’s…

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