https://www.bbc.co.uk/news/articles/cd65px9461do |
jotoha2,
As previously discussed, 16p is simply a fantasy number:
You would have more chance with:
JakNife |
Come back and we can talk at 16p , ready steady ............. |
wheeze,
"In case you missed it JakNife, the United Kingdom is the world leader in tidal energy, largely thanks to Simec. There is plenty of interest in the technology.
MeyGen has already delivered over 50Gwh of clean energy"
And?
None of that changes what I've written in 3603:
All of the previous investment has been wasted. It hasn't provided an adequate return on investment and hasn't generated any material levels of cash.
There is no case for "investment" in Uskmouth, it's a charity case!
JakNife |
In case you missed it JakNife, the United Kingdom is the world leader in tidal energy, largely thanks to Simec. There is plenty of interest in the technology. MeyGen has already delivered over 50Gwh of clean energy |
wheeze,
"It's time Britain started investing in Britain - our Pension funds are supporting investment in AI in the United States. Let's see some investment in Uskmouth."
Why?
All of the previous investment has been wasted. It hasn't provided an adequate return on investment and hasn't generated any material levels of cash.
There is no case for "investment" in Uskmouth, it's a charity case!
JakNife |
They are trying hard on the PR front at Uskmouth. Data centre investment would be great but I guess a bit speculative at the moment. In any event, Uskmouth is increasing in value as the UK BESS market is recovering strongly and HEIT has attracted multiple bidders |
Classic MM trap - drop the price at the open. Down 12% |
It's time Britain started investing in Britain - our Pension funds are supporting investment in AI in the United States. Let's see some investment in Uskmouth. To quote Forest Grump, it's time to make Britain Great again. |
Thanks - clickable link :-
And a reminder :- |
Proteus get a seat at Ocean Energy EuropeThe company is involved in several key projects, including offshore services for Scotland's 6MW MeyGen tidal array. PMR recently signed an MoU with SKF and GE Vernova to supply an additional 5 9MW to MeyGen PLC, bringing the site's capacity to at least 65 MW this decade.htTps://www.offshore-energy.biz/proteus-marine-renewables-joins-ocean-energy-europe-board/ |
Just wait until Meygen gets restructured and the debt burden gets cleared |
This should help first close on the AW1 project which would demonstrate SAE capability to deliver its own projects |
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 security of electricity supply by providing a payment for reliable sources of capacity.
Success at the Auction provides an additional and fixed revenue stream for the Project and is an important component as SAE works towards financial close of its flagship AW1 Battery Project at the Uskmouth Sustainable Energy Park ("USEP").
SAE recently released a video animation highlighting the scale and benefits of the USEP site. This can be viewed here
The results are subject to confirmation by the Secretary of State for Energy Security and Net Zero, which is due by the 24th March.
- Ends - |
Every little helps ... be interesting to see the HEIT sale terms as will provide indication of UK Bess market valuations |
Clearing posts 3590 and 3591 removed |
htTps://www.theguardian.com/environment/2025/feb/24/britain-net-zero-economy-booming-cbi-green-sector-jobs-energy-security?CMP=Share_iOSApp_OtherIt's good to see the sector is booming. This is clearly the way forward. We need to stop sending money to oil and gas producing economies |
Interesting article describing Proteus Marine's new AR3000 turbine. htTps://interestingengineering.com/photo-story/japan-first-tidal-turbineThe new turbine appears to be more efficient, has a modular construction and can adjust pitch and yaw.Also interesting that Simec/ Proteus marine has deployed tidal turbines in six countries I find this part of the business the most interesting- this to me represents the essence of human endeavour- battling adversity challenging the elements, harnessing the power of the sea and surviving against all the odds despite the financial pressures |
Although Maygen has not been the winner so far , a serious growth there and subsequent mega output could in theory be deposited into the BESS facility , now that would be serious profits for the group , with Data site benefitting being part of the Uskmouth triangle. |
Given the potential value creation at Uskmouth, SAE could do with a well funded partner like Brookfield or Quinbrook. With Simec holding 30 per cent of the equity, there has to be the possibility of someone acquiring their stake as an entry point. |
I find it very interesting how the MMs are always very happy to crash a share price-for example ceres power today, but when they move the price up, they do so ever so gently. Bar Stewards |
Well done SAE , lets get some serious investment into the company , target still 16p with ease. |
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