Completion of EASME pitch system project

SIMEC ATLANTIS ENERGY LIMITED
(“SAE”, the “Company” and, together with its subsidiaries, the “Group”)

Completion of EASME pitch system project

SAE, together with its partner Asturfeito, is pleased to announce the successful completion of the European Commission’s Executive Agency for Small and Medium-sized Enterprises (EASME) tidal turbine pitch system development project.

The pitch system connects the blades to the turbines rotor shaft and controls the blades pitch angle within the tidal flow. The new pitch system enables the rotor diameter and rated capacity of the turbine to increase, and the new pitch actuator system will increase system reliability.

The testing was completed in December 2021 at Asturfeito’s site in northern Spain. All performance requirements were successfully demonstrated, including successful operation under prolonged periods of “worst case” tidal loads being applied to the system, simulating the rapidly changing loads that the turbine will experience in operation.

Despite the significant challenges caused by the pandemic the successful completion of the project demonstrates what can be achieved through collaboration.

SAE and Asturfeito would like to thank EASME for the funding to make the project possible and their flexibility during these difficult times.

Drew Blaxland, Director Atlantis Turbines and Services Division:

“We have demonstrated that by working with a great supply chain we can make significant steps forward in our mission of reducing the cost of tidal energy. I would like to recognise the huge effort made by our project partner Asturfeito, who produced many of the system’s components. I would also like to thank the major subsystem suppliers; Involution Technologies Ltd who designed and produced the gearbox system, SKF who produced the bearings and Nidec SSB Wind Systems who produced the motors and controllers.”

Álvaro Zarza, Asturfeito business development manager:

“It’s great to see that testing has been so successful. We look forward to working with SAE in future serial production of pitch and other turbine subsystems.”

For more information please contact:

SIMEC Atlantis Energy Limited	+44 (0) 7739 832 446
Sean Parsons, Director of External Affairs
Investec Bank PLC – NOMAD and Joint Broker	+44 (0) 20 7597 5970
Jeremy Ellis Ben Griffiths
Arden Partners PLC – Joint Broker	+44 (0) 20 7614 5900
Ruari McGirr Richard Johnson Simon Johnson

Notes to Editors

SIMEC Atlantis Energy

SAE is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world’s largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.

https://www.saerenewables.com/

More on the MeyGen Project: https://saerenewables.com/projects/meygen/

More on the Uskmouth Project: https://saerenewables.com/project-development-operation/simec-uskmouth-power/