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CEO 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…
Read MorePoliticians see first-hand the scale, opportunity and regeneration of the Uskmouth site
SAE was delighted on Friday 1 November 2024, to welcome Jessica Morden, the Member of Parliament for Newport East, John Griffiths, the Member of the Senedd for Newport East, and Dimitri Batrouni, the Leader of Newport City Council, to the Uskmouth site. SAE Chairman, Duncan Black, and CEO, Graham Reid, along with senior SAE team…
Read MoreSAE Investor Presentation via Investor Meet Company
SAE is pleased to announce that the Company’s CEO Graham Reid, CFO Simon Hirst, COO David Taaffe and Director of External Affairs Sean Parsons will provide a live presentation and Q&A session via Investor Meet Company on 23 Oct 2024, 10:00 BST. The presentation is open to all existing and potential shareholders. Questions can be…
Read MoreSAE launches updated website and new logo
SAE launches updated website and new logo SAE is pleased to announce that it has launched a refreshed website and new logo, reflecting the company’s evolution and new strategy. The new logo and website are designed to reflect the new strategy to move to become a full Independent Power Producer delivering Battery storage and tidal…
Read MoreFinal results for the year ended 31 December 2023 and notice of AGM
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”)…
Read MoreApplication for up to 300MW / 1.2GWh Scotland BESS project
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…
Read MoreSAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
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…
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