RCS - SIMEC AtlantisEnergy - SAE’s vision for Uskmouth Sustainable Energy Park

SIMEC Atlantis EnergyAnnouncement

20/02/2025 11:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250220:nRST8952Xa&default-theme=true

RNS Number : 8952X  SIMEC Atlantis Energy Limited  20 February 2025

20 February 2025

 

 

SIMEC Atlantis Energy Limited

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

 

 

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
UK to help support the energy transition to Net Zero while ensuring vital
energy security and facilitating the increase of renewables.

 

Graham Reid, CEO of SAE, sets out the Company's vision for the site:

 

"The Uskmouth site has always inspired me. As an engineer, I see the
craftsmanship, passion and effort that has gone into creating this site and
ensuring its vital operation for over five decades. I want to do all in my
power to build on this legacy and redevelop the site to ensure that its
purpose of serving our community and unlocking economic and social growth
continues. For SAE, batteries are the key to unlocking this and the site is
capable of supporting over 3.5GWh of Battery Storage projects. We already have
one Battery Storage project in construction in the USEP, and while we sold
that project prior to construction, it delivered vital revenue for our
business that has enabled us to put the foundations in place to realise our
vision for a broader Sustainable Energy Park.

 

We are totally focussed on building, owning and operating the next three
Battery Storage projects at USEP, named after the River Usk, in Welsh Afon
Wysg - "AW1", "AW2" and "AW3".

 

However, our vision goes beyond Battery Storage and I wanted to share, with
our shareholders, stakeholders and partners, the possible future
opportunities.

 

We recognise that technology, specifically AI, is a huge growth sector. This
growth is exciting, and the UK has clear ambitions to benefit from this
growth, but the technology requires large areas of land for data centres,
electrical grid access with a guaranteed continuous supply of electricity, and
rail and road connections to bring in the materials for construction. We have
all these components at Uskmouth.

 

Amongst the key challenges are that AI and big data require substantial
amounts of power with a very high degree of reliability, which can only be
guaranteed by having on site power generation or Battery Storage to supplement
grid supply. Uskmouth's access to the national electricity grid and SAE's
plans to develop significant Battery Storage capacity that will ensure
continuous power supply on site, making the USEP an ideal location for the
development of data centres that will power the AI revolution.

 

Internationally, the developers of these vast data centres are speaking to
developers of Small Modular Nuclear Reactors and other sustainable power
generators to unlock these investments.

 

SAE is already in discussions about facilitating the development of data
centres powered by reliable and sustainable energy generation, putting USEP at
the forefront of technological development in the UK. While these discussions
are at an early stage, there is great interest in investing in and around our
site meaning the opportunity is vast. A fully realised USEP could create
hundreds of jobs in construction for over a decade and unlock thousands of
wider jobs in power generation and associated industries.

 

The team at SAE, Uskmouth's local politicians and our partners at Uskmouth can
see this opportunity. We all understand that this is some years off, but the
next and critical step is delivering the first AW1 project. This is the key to
unlocking an economic, environmental and social revival at Uskmouth, and
beyond."

 

Jessica Morden MP for Newport East, commented:

 

"The growth of Newport's economy as a key player in the industries of the
future will depend on access to power, and, when fully realised, SAE's
Uskmouth site will play a key part in that, storing and generating clean,
renewable energy that could be fed directly into the grid to power data
centres and the city's semiconductor cluster.

 

As what will probably be the biggest battery storage site in the UK, this is
yet another area where Newport is leading the way."

 

Councillor Dimitri Batrouni, Leader of Newport City Council commented:

 

"The rebirth of Uskmouth power station is critical to Newport. Newport's
present and future in the semiconductor, data and AI space is extremely
promising, but its growth is dependent on a reliable, sustainable and
expandable energy source. This is where Uskmouth fits in. If the plans
outlined are realised, Uskmouth will once again play a significant role in
driving the city's, and the region's, economic growth, providing jobs and
wealth for the area."

 

- 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 energy 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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRATMMBTMTMTBPA