SAE and Econergy enter into a JV to drive forward the Afon Wysg 2 (AW2) Battery Storage project at the UK leading USEP

SAE and Econergy International Limited (Econergy) have entered a strategic joint venture (“JV”) to co-develop the AW2 250MW Battery Storage project at SAE’s Uskmouth Sustainable Energy Park (USEP). This partnership brings together two leaders in the renewable energy space, combining SAE’s experience in developing complex renewable energy generation and battery storage projects in the UK…

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SAE secures CCR funding in important next step towards achieving financial close of the AW1 Battery Storage project

SAE has secured a £8.5m loan from Cardiff Capital Region’s (“CCR”) Strategic Premises Fund. The loan will be used to facilitate the Afon Wysg 1 Battery Storage project (“AW1”), at the Uskmouth Sustainable Energy Park (“USEP”). The AW1 project is a 240MWh project with the ability to increase to 480MWh and is the flagship project…

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SAE 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…

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SAE’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…

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SAE 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…

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Interim results

Interim results By Admin | September 26, 2024 Interim results SAE announces its unaudited interim results for the six months ended 30 June 2024. A complete version of the interim results can be found on the Company website (www.saerenewables.com/investor-relations/company-documents). Key Highlights SAE received £7.0 million from the land sale contract with EL (Uskmouth) Ltd SAE acquired 100% ownership…

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Results of Annual General Meeting

  SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Results of Annual General Meeting SAE announces the results of its Company’s Annual General Meeting, held today, August 11th 2023. Resolutions 1 to 7 and resolution 9 were duly passed.  Resolution 8, proposed as an ordinary resolution relating to the disapplication of pre-emption rights,…

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