Simec Atlantis Energy Share Discussion Threads

[letmepass] 23/6/2020 07:32

Shame they don't own it

[x54v] 23/6/2020 07:11

“The successful completion of the fuel combustion testing is a major milestone for this flagship conversion project and represents a very important step in the program towards achieving financial close.”

“This project is the world's first example of a coal-fired power station being repurposed to run on 100% waste derived fuel pellets and the results of this test will potentially have material implications for the way plastic waste, and aging coal fired power stations, is managed globally in the future.”

“the results of this test will potentially have material implications for the way plastic waste, and aging coal fired power stations, is managed globally in the future."

“we always believed that the successful completion of this large-scale testing will open up a huge new market globally for MHPS and Atlantis for future similar conversions”

“The testing couldn't have gone better and we are delighted that the results pave the way for this successful project and huge global, future opportunities."

[cwa1] 23/6/2020 07:11

Positive news:-

[bishfund] 22/6/2020 22:12

Thanks again Clabburn, i didnt realise PI had issued a video update but it is very informative and upbeat. Agree that the 3 MW turbine is great news and a possible game changer. Just hope they are able to get a clear run with this

[clabburn] 22/6/2020 19:53

Depends on a lot of factors. If onshore sub stations are needed and high voltage transmission lines that can take a while and require a lit of planning consents. Likewise they need to have all the necessary servicing vessels and infrastructure available which doesn't yet exist in the region as far as I know. Meygen benefitted a lot from repurposing local oil and gas sector infrastructure. Getting the 3/4 turbines built and installed can probably be done in 18 months or so but that's total guess. Tim was on Proactive investors today saying the target is to get these generating in 2022. This feels very punchy to me. He also dropped a bit of a bomb about a 3mw turbine being in the works. Increasing size of turbines will be massively important for getting costs down and was a pretty exciting but of news for me.

[bishfund] 22/6/2020 17:51

Does anyone know the timescales assocuated with getting these 8 turbines and associated infrastructure installed and producing? I wasnt around during Meygen so no idea of tinescales involved there thats all. Assuming Normandy would be almost an off the shelf solution following the Meygen success?

[clabburn] 22/6/2020 09:39

Good news indeed. The French government have a much kinder financial support structure for tidal - they pay a feed in tariff set at quite generous levels whereas in the UK the best we can hope for is the chance to bid competitively with floating wind or advanced conversion technologies (e.g. PHE). Although a lot of work to do in setting up the required infrastructure (Scotland is way ahead of France in that respect) the French projects arguably have much better odds of coming off as things stand so progress at Raz Blanchard is key for the survival of the company's tidal division. As far as I can tell today's news isn't fresh information - we already knew about this project - it's more a big step forward in the process. I would love to know more on the timeframe - I had 2024 pencilled in as a rough guess for the French/Channel Islands projects coming through.

[natty27] 22/6/2020 09:04

Nice 70k delayed buy just popped up from 8:00am

[royalalbert] 22/6/2020 08:22

Tempted by this any long term holders who could help with how important this news is.

[x54v] 22/6/2020 07:07

“We are delighted to have received the relevant approvals to transfer this lease which will allow us to now immediately progress with the development of one of the largest tidal power arrays in Europe.”

[clabburn] 21/6/2020 20:25

Makes a lot of sense for things like Liberty steel. Some are suspicious of Gupta (the FT in particular seem to have it in for him) and being a publicly listed company would provide better transparency. It's a real business though and the green steel model they pioneered is undoubtedly the future.

[cascadestrader] 21/6/2020 17:53

What are people’s thoughts regarding GFG Alliance’s plans to IPO it’s subsidiaries?

[bmd90] 20/6/2020 06:14

Apologies if posted elsewhere - is there a breakdown of key shareholders available anywhere? Looking to dip my toe in but just wanted to see how much skin in the game mgmt beforehand! TIA

[clabburn] 19/6/2020 21:28

Yes N+P are crucial. They need to be able to deliver for this to work and supplying this quantity of fuel is a step change for them too. That's why the announcement about their pilot line being up and running was perhaps bigger than it sounded at the time. In actual fact was a key risk successfully negotiated. Having mitsubishi develop the burner is a good thing as well. The key detail of the Uksmouth model is that it runs on big standard kit. In theory no concversion work needed if the plant is modern. Uskmouth was built decades ago so needs a new combustion system to meet emissions directives.

[barts] 19/6/2020 20:06

Bishfund, is that like Mitsubishi supply the car but don't manufacture the battery amongst other parts?

[bishfund] 19/6/2020 20:02

Thanks Clabburn, thats how i saw it but womdered if i was missing a detail somewhere. Fully agree that even the one power station will be transformational and the potential number of plants out there is great news but its a shame they couldnt have agreed exclusivity or a slice on N+P as part of the deal.

[clabburn] 19/6/2020 19:34

In a word they cant. Simec have a JV set up with the fuel producers (N+P Group) to potentially scale the business up but no exclusivity as far as I recall so need to keep things in proportion. That said, converting just one power station will totally transform their business and turn the company from a plucky start-up to one of the leading IPPs in the UK.

[bishfund] 19/6/2020 17:36

Can somebody please set me straight on this? If Simec dont own the fuel pellet design / producer and the combustion system is produced by Mitsubishi. How can Simec monopolise on this and stop the future plant owners from doing this conversion themselves?

[x54v] 19/6/2020 13:15

"Another big announcement will be the results of the "burns tests" which will validate that the fuel works on an industrial scale. The trials are being conducted at the Mitsubishi headquarters in Nagasaki and will prove that it is possible to produce alternative fuels in a relatively traditional combustion system.

The implications of that will be really significant. If you think about the fact that pretty much every government in the world is legislating on retiring coal at the moment – which will result in a significant loss of baseload power – a lot of countries will therefore need to think about this.

This technology can be used in many different coal-fired power plants and will address the issue of non-recyclable waste in a very sustainable way. A lot of big utilities, governments and assets owners will therefore be looking to these results."

[x54v] 18/6/2020 09:24

Delayed large trade from yesterday at 3:55pm - 2,898,995 @ 9.25 - explains the recent drop. Could have been the last of APMS. Much easier to move up without an overhang.

Price certainly reacting so far to buying this morning and ticking up.