RCS - SIMEC AtlantisEnergy - SAE achieves milestone for Battery Project

SIMEC Atlantis EnergyAnnouncement

30/01/2025 15:00

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RNS Number : 3389V  SIMEC Atlantis Energy Limited  30 January 2025

30 January 2025

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

 

SAE 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 AW1 project is key to unlocking one of the largest battery
sites in the UK and unlocking significant growth and economic opportunity for
the local region.

 

SAE's team worked closely with Wales-based civil engineering business Jones
Bros Civil Engineering UK and industry-leading engineering specialists Tetra
Tech, Inc. to discharge the conditions.

 

SAE would like to thank the world-leading teams involved with this project and
the team at Newport City Council for their ongoing support.

 

With this milestone achieved, SAE is working towards financial close for the
project, which it will update the market on in due course.

 

 

- Ends -

 

 

For further information, please contact:

 

 SAE                                                      +44 (0)7739 832 446

 Sean Parsons, Director of External Affairs

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0)20 7409 3494

 Richard Johnson

 Rory Murphy

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0)20 3829 5000

 Louisa Waddell

 Simon Johnson

 

Notes to Editors

SAE is a global developer, owner and operator of sustainable energy projects.
SAE owns the world's flagship tidal stream project, MeyGen, and the Uskmouth
Power Station site, that is being repurposed into a sustainable energy park
that will become one of the UK's largest battery storage sites.
https://www.saerenewables.com/ (https://www.saerenewables.com/)

 

SAE recently released a video animation highlighting the scale and benefits of
the USEP site. This can be viewed here
(https://vimeo.com/1026044237/643ed59fa6?share=copy)

 

SAE's strategy: "Building a Sustainable Future to 2035", can be viewed here
(https://saerenewables.com/strategy/)

 

Proud to be part of London's universe of Green Economy Equities

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