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 and use that passion to drive forward our projects, delivering for our shareholders, stakeholders and communities.

SUSTAINABLE ENERGY PARKS

We are pioneering the use of two fantastic sites in the UK to develop our concept of sustainable energy parks. These parks are designed to utilise the existing infrastructure and natural resources in the local area to unlock new projects and deliver value for the communities and our business. Our Sustainable Energy Parks are delivering world leading projects both today and tomorrow.

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

Result of AGM

By Admin | July 18, 2024

Result of AGM SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed. All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution…

Director/PDMR Dealings

By Admin | July 11, 2024

Director/PDMR Dealings SAE has been notified of the following purchases of ordinary shares of no par value in the Company (“Shares”) by Directors of the Company. Name Position Number of Shares Purchased   Price Resultant Holding % of Issued Share Capital Simon Hirst Chief Financial Officer 850,000 1.9875p 932,034 0.13% John Woodley Non-Executive Director 500,000…

Final results for the year ended 31 December 2023 and notice of AGM

By Admin | June 25, 2024

Final results for the year ended 31 December 2023 and notice of AGM SAE announces its audited final results for the year ended 31 December 2023. A complete version of the 2023 Annual Report and Accounts (“2023 Annual Report”) can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6507T_1-2024-6-24.pdf The 2023 Annual Report, a notice of Annual General Meeting (“AGM”)…

Application for up to 300MW / 1.2GWh Scotland BESS project

By Admin | June 11, 2024

Application for up to 300MW / 1.2GWh Scotland BESS project SAE is pleased to announce that it has submitted an application for Section 36 consent to the Scottish Government’s Energy Consents Unit for a battery energy storage system (“BESS”) project of up to 300MW, sized for up to 4 hours duration (1.2GWh). The project, named…

SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)  

By Admin | May 28, 2024

SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)   SAE is pleased to announce it has received the next milestone payment of £2m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. The milestone payment was received following the…

SAE achieves another Battery Energy Storage System (“BESS”) milestone

By Admin | March 28, 2024

SAE achieves another Battery Energy Storage System (“BESS”) milestone SAE is pleased to announce that it has received the first £5m milestone payment under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE…

Company Auditor update

By Admin | January 26, 2024

Further to shareholder approval at the Company’s extraordinary general meeting on 9 November 2023, the Company confirms that the resignation of Moore Stephens LLP has been approved by the Accounting and Regulatory Authority of Singapore, pursuant to the requirements of the Companies Act (Chapter 50) of Singapore. Consequently, Nexia Singapore PAC has been appointed as…

Major milestone reached in BESS project

By Admin | January 11, 2024

Major milestone reached in BESS project SAE is pleased to announce that the next Battery Energy Storage System (“BESS”) project at the Uskmouth site has been granted planning consent with conditions by Newport City Council.  This is another significant milestone in the business’s plan to develop 1GW of BESS at the Uskmouth Sustainable Energy Park,…

Adoption of new LTIP and Grant of LTIP and CSOP options

By Admin | January 3, 2024

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Adoption of new LTIP and Grant of LTIP and CSOP options   SAE announces that that the Company’s Remuneration Committee has approved the adoption of a new long term incentive plan (“LTIP”), following expiry of the previous LTIP on 10 December 2023 after a ten-year…

Update on Abundance voting

By Admin | December 27, 2023

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Update on Abundance voting Following the announcement on the 5 December 2023, SAE confirms that more than 75% of each class of the Abundance bondholders by value have voted in favour of the requested amendments to the debenture deeds. The amendments to the deeds are…

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