Simec Atlantis Energy Share Discussion Threads

[bladderman] 05/11/2024 08:35:20

Sub 2p bid nowSome massive sells being pumped into if

[bladderman] 05/11/2024 08:32:07

Open a new short here willClose at 1.8

[bladderman] 05/11/2024 08:31:15

Nothing to boom about

[wheeze] 05/11/2024 08:30:13

Booom. RNS out nowFurther to the announcement by Proteus Marine Renewables (PMR) that it has signed an MoU with SKF Marine and GE Vernova's Power Conversion business (the "Alliance"), setting out a framework for the supply of tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt tidal stream projects, SAE is pleased to announce that it is working with the Alliance, which comprises the biggest names in the tidal sector, towards bringing about the next phase of SAE's MeyGen project

[wheeze] 05/11/2024 07:59:05

Surprised theres no RNS re the Proteus info. There should be strong buying interest today. Proteus have raised 450k against a target raise of 500k

[wheeze] 04/11/2024 21:32:39

This looks very promising...https://proteusmr.com/2024/11/04/proteus-marine-renewables-signs-an-mou-with-skf-marine-and-ge-vernova-to-support-collaboration-on-multi-megawatt-tidal-stream-projects/

[robertspc1] 04/11/2024 15:59:19

Interesting to see the lack of RNS on the Meygen partnerships. I think they are in the middle of a Meygen refinancing and restructuring, involving GBE. Hopefully news soon

[skinny] 04/11/2024 14:21:17

Links from :-

[ttcroft] 04/11/2024 14:17:13

4 November 2024 Pre cursor to green funding from Labour?SIMEC Atlantis Energy Limited("SAE Renewables", "SAE" or the "Company") Politicians see first-hand the scale, opportunity and regeneration of the Uskmouth site SAE was delighted on Friday 1 November 2024, to welcome Jessica Morden, the Member of Parliament for Newport East, John Griffiths, the Member of the Senedd for Newport East, and Dimitri Batrouni, the Leader of Newport City Council, to the Uskmouth site. SAE Chairman, Duncan Black, and CEO, Graham Reid, along with senior SAE team members, welcomed the politicians to the Uskmouth Sustainable Energy Park. SAE has been transforming the Uskmouth site. Once home to a coal fired power station, SAE has utilised the existing infrastructure, land and grid connection to turn it into one of the largest Battery Storage sites in the UK. With one project already in construction and the next due to start construction next year, SAE is making rapid progress in the delivery of over 2GWh of Battery Storage projects, with the potential to expand to over 3.5GWh in the future with longer duration batteries in the future.

[skinny] 04/11/2024 13:49:02

A reminder of a couple of links :-

[robertspc1] 04/11/2024 13:14:19

MeyGen is the largest tidal stream facility in the world and we are delighted to be working with some of the biggest names in the sector to bring about the next phase of the project. MeyGen has eclipsed all records for the industry and the delivery of a turbine facility in Scotland, delivering hundreds of jobs, demonstrates that tidal is able to deliver real investment when it is backed. We look forward to working with Proteus Marine Renewables, GE Vernova and SKF Marine to unlock this exciting opportunity" says Mr Graham Reid, CEO of SAE, majority owner of MeyGen.

[robertspc1] 04/11/2024 12:55:11

Surprised no RNS on this ...

[robertspc1] 04/11/2024 12:48:01

So Proteus teams up with some bigger partners SKF and GE Vernova on tidal turbines. The commitment now from MeyGen for us to work towards execution of a £200m+ EPC contract with them shows confidence in product and the delivery model, which will see us grow our team in Scotland and invest in assembly and manufacturing." Just maybe Meygen has a value

[jotoha2] 28/10/2024 13:31:58

TSIRTG, WSTUIWD.

[robertspc1] 28/10/2024 11:59:11

Ok watched the webinar. This remains a lowly valued option on a big BESS development pipeline. Lots of BESS assets currently for sale eg HEIT so will be interesting to see the level of interest. If assets get sold near NAVs then investors genuinely believe market prices will recover from recent lows. Someone like Quinbrook or Brookfield will take out SAE at some point imho

[skinny] 23/10/2024 17:35:37

You will need to register / login :-

[robertspc1] 23/10/2024 17:15:44

What were the highlights please

[noiseboy] 23/10/2024 11:26:03

I felt that was a pretty good presentation personally , get the feeling there isn't much love lost between them and SIMEC !

[robertspc1] 21/10/2024 22:29:36

So finally some engagement with shareholders on Weds. Might that mean imminent news or just the usual fluff

[jotoha2] 08/10/2024 11:35:11

Where is the BESS news that is due ? Plus the further development at Maygen.

[wheeze] 07/10/2024 12:58:54

Proteus are raising funds for their turbineshttps://www.crowdcube.eu/companies/proteus-marine-renewables/pitches/l8y0kZ?country=AT

[frankleescarlet] 30/9/2024 17:50:03

Thanks for explaining your thinking. I expect you’re right. If there was an imminent risk of Meygen going bust from the senior debt repayments then this would have been mentioned in the interim report. Instead the senior lenders were praised, which suggests a restructuring is on the cards.

[robertspc1] 30/9/2024 13:51:05

I agree that Meygen isn't currently viable but the existing backers might see the potential given the recent CFD wins. Scottish Govt and Crown Estates won't want to see this go bust and Meygen is a prime candidate for support from the new Great British Energy. So I suspect a recapitalisation is in progress with SAE keeping a small minority position.

[frankleescarlet] 29/9/2024 13:38:32

@robertspc1 I agree that BESS is now the core business. However, I'm curious why you suggest that Meygen will be recapitalised rather than just go bankrupt? The site has been loss making for years and there's not a hope of senior lenders being repaid. Why would anyone put in more capital?