SAE tidal division secures new investment

SAE is pleased to announce that on 19th October 2022 it agreed to the sale of a majority (approximately 79%) stake in its Advanced Tidal Engineering and Services division (“ATES”) to Proteus Marine Renewables Limited (“Proteus”). This division has been responsible for the design of Atlantis’ tidal turbines to date and the deployment and recovery…

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SAE releases interim results

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE releases interim results   SAE announces its unaudited Interim Results for the six months ended 30 June 2022. A complete version of the results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents).   Summary of Results   The overall loss…

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Tidal energy momentum builds with the latest re-deployment at MeyGen site

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Tidal energy momentum builds with the latest re-deployment at MeyGen site   SAE is pleased to announce the latest turbine re-deployment at its MeyGen site. The successful re-deployment of the 1.5MW turbine is another critical step in returning the Phase 1…

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SAE achieves milestone in BESS project delivery

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE achieves a major milestone in the delivery of one of the UK’s largest BESS projects SAE is pleased to announce that it has secured the necessary grid variations for the 230MW / 460MWh battery energy storage system (BESS) at the…

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Annual General Meeting

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Annual General Meeting SAE announces that a Notice has been sent to shareholders to convene the Annual General Meeting (“AGM”) of the Company. The AGM will be held at 11 a.m. (London time) on 18 August 2022 at the offices of…

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SAE successfully secures Government support to deliver the next phase of world leading tidal projects

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE successfully secures Government support to deliver the next phase of world leading tidal projects SAE is delighted to announce that it has successfully secured a Contract for Difference (CfD) in the latest allocation round, for the world leading MeyGen site.…

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Final Results Announcement

SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Final Results Announcement SAE announces its final results for the year ended 31 December 2021. A complete version of the Annual Report and Accounts can be found on the Company website. Financial Highlights The MeyGen project generated revenues of £1.6 million…

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SAE confirms amendment to Debenture Deed

10 June 2022 SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE confirms amendment to Debenture Deed Following the update on the 25 May 2022, SAE is pleased to confirm that Atlantis Ocean Energy debenture holders have approved the amendment to the debenture deed which will: Extend the Maturity Date…

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SAE issues a request to amend Debenture Deed

25 May 2022 SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE issues a request to amend Debenture Deed SAE’s subsidiary Atlantis Ocean Energy has issued a communication to its debenture holders passed via Abundance requesting an amendment to the debenture deed which will: Extend the Maturity Date from 30…

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SAE signs £40m contract for one of UK’s largest Battery Storage Projects at Uskmouth

SIMEC ATLANTIS ENERGY LIMITED(“SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE signs £40m contract for one of UK’s largest Battery Storage Projects at Uskmouth SAE is delighted to announce that it has entered an agreement with Energy Optimisation Solutions and Quinbrook Infrastructure Partners via their portfolio company Uskmouth Energy Storage Limited (’UES’)…

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