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SAE welcomes Cabinet Secretary to showcase one of the largest Battery Storage sites in the UK
SAE was delighted to welcome Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning to its Uskmouth Sustainable Energy Park (USEP). The Cabinet Secretary was able to see the significant progress being made in delivering one of the UK’s largest battery energy storage sites and our vision for USEP, which will provide security of…
Read MoreSAE successfully secures contract in latest Capacity Round Auction
SAE is pleased to announce it has secured a 15-year contract to provide vital, reliable electricity for the National Grid in the latest T-4 Capacity Market Auction Round (the “Auction”) through its 120MW AW1 Battery Storage project (the “Project”). SAE will be paid £60/kW/year for the duration of the contract. The Capacity Market ensures the…
Read MoreSAE’s vision for Uskmouth Sustainable Energy Park (“USEP”) – facilitating the expansion of renewable power and supporting the development of data centres and the AI revolution in Newport
SAE is the owner, developer and operator of the USEP. The site has been home to electricity generation for over 50 years but the way electricity is generated and used is changing and SAE is proud to be leading that change. SAE is transforming Uskmouth into one of the largest Battery Storage sites in the…
Read MoreSAE achieves planning milestone for its AW1 Battery Storage project at the Uskmouth Sustainable Energy Park
SAE is pleased to announce that it has discharged all of its pre-commencement planning conditions for the 120MW/240MWh Battery Storage project known as Afon Wysg 1 (“AW1”) at the Uskmouth Sustainable Energy Park. This will be the first Battery Storage project developed by SAE that it will build, own and operate. The delivery of the…
Read MoreSAE receives final payment from Battery project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the final payment of £1.25m 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 to EL, for a milestone-linked total gross cash consideration of…
Read MoreTR-1 notification
TR-1 notification of major holdings for SIMEC ATLANTIS ENERGY can be found here: TR1 Notification
Read MoreCEO end of year letter
Dear Shareholders and stakeholders, 2024 has been an exceptional year for SAE, with a number of key milestones being achieved, not least, that we have now been listed on AIM for a decade. I want to thank everyone who has been with us on this journey for their continued support. This year we celebrated 10…
Read MoreSAE brings full power to MeyGen tidal stream site
SAE is pleased to announce that, following the successful deployment of turbine 4, the world leading MeyGen tidal stream site now has all four turbines fully operational. This means that the site is now at full power for the first time, delivering 6MW of predictable, renewable power. Since deployment in 2016 the turbines operated by…
Read MoreSAE receives the penultimate milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE is pleased to announce it has received the penultimate milestone payment of £1.5m 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 to EL, for a milestone-linked total gross cash consideration…
Read MoreSAE working with biggest names in sector towards delivery of the next phase of the MeyGen project
Further to the announcement by Proteus Marine Renewables (PMR) that it has signed an MoU with SKF Marine and GE Vernova’s Power Conversion business (the “Alliance”), setting out a framework for the supply of tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt tidal stream projects, SAE is pleased to announce…
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