Simec Atlantis Energy Share Discussion Threads

[noiseboy] 05/5/2022 11:04

The good ship "North Sea Giant" on its way across the North Sea to pick up the third turbine for redeployment

[brucie5] 03/5/2022 18:00

‘The cyclic, predictable nature of tidal stream power shows potential to provide additional, whole-system cost benefits. These include reductions in balancing expenditure that are not considered in conventional Levelised Cost of Energy estimates.’

Research by Imperial College London has demonstrated that tidal stream has the potential to deliver around £2 billion broader energy system benefit annually. In addition, wave is more predictable than other renewables and consistently has greater availability than solar or wind.'

[noiseboy] 03/5/2022 12:27

Some new documents for the site up on the Newport council planning portal, I don't think they will have much trouble getting this planning through

[wheeze] 03/5/2022 12:26

Interesting to see how low the price can be lowered. Some large buys going through.

[wheeze] 03/5/2022 07:39

I agree codger, this is way oversold. Current market cap 17.7 million which is a steal. Imho our govt has yet to wake up to the scale of the current energy crisis. Oil and gas prices are deceptively low as China is not consuming as much. Once they deal with their Covid situation, global oil prices will start motoring again.

[the codger] 03/5/2022 07:22

Blue today

[wheeze] 02/5/2022 20:28

Don't think Tesla is the way forward for storage. Lithium batteries have a limited lifespan and are a fire risk. Much rather they went with Vanadium storage along the lines of Invinity Energy systems

[the codger] 02/5/2022 19:02

Jackoff is a total fool

[brucie5] 02/5/2022 18:28

Speculation on LSE that Uskmouth could go to TESLA, but I have seen nothing to corroborate. Two ITs that I have followed invest in exactly this kind of thing: GRID(mcap 656m) and GSF (mcap400m), and they're both doing very well, constantly raising funds to add to assets, while paying good dividends. In other words, the market is very favourable for BESS projects.

Now that SAE are free from their pellet project that wasn't going anywhere, I dare say there will be no shortage of interest. As you say, the data-storage facility can still be part of the deal.

Here's GRID's homepage:


And their approach in summary:

"The investment team has constructed a diversified portfolio of operational utility-scale BESS projects. Each one can generate multiple revenue streams to allow GRID to deliver on its return objectives.

It focuses on four sources of revenue:

Asset optimisation – the ability to maximise income from the wholesale market and the Balancing Mechanism (through which National Grid balance intra half-hourly supply and demand)
Firm Frequency Response – the provision of a dynamic (i.e. proportionate) response to small supply-demand imbalances, second by second, based on changes in the GB grid’s electrical frequency

Capacity Market – a UK government mechanism whereby generators (including batteries) are paid a fixed fee for being on call to deliver power when required at times of extreme need (known as ‘stress events’)
Grid payments – at times of peak demand National Grid make ‘Triad’ payments to generators (including batteries) during the three peak half-hours when demand is highest for the year."

I just offer this as an example of the possible interested parties, but I'm sure SAE will be spoiled for choice.

In which case I look forward to JaKnife being well and truly confounded by events!
Though he's right in pointing our the risks.

;)

[wheeze] 02/5/2022 16:18

I agree Brucie5. That being said, the Uksmouth site with its grid connection is worth a few gold coins as a battery storage site, particularly if they can link it to a tidal supply. If you sell power directly to say a co-located data storage facility, you bypass the grid and don't have to pay NatGrid any fees. This means the profit is significantly higher.

[brucie5] 02/5/2022 13:52

Good spot, wheeze: and just be clear: from the earlier RNS, SBS is tied to SAE:

"Tidal power company Atlantis Resources has signed a Preferred Supplier Agreement (PSA) with SBS International Ltd (SBS) for a 150 MW tidal stream array in Indonesia."

I do wish SAE could be rid of Uskmouth once and for all, stick to its knitting, and be simply a niche tidal energy play! More than enough there to be getting on with, no?

[wheeze] 02/5/2022 13:31

Looks like Indonesia is serious about going large with tidal.Somehow, I don't think it will be the Sihwa lake technology which will be used here, lol.htTps://renews.biz/77537/uk-crew-completes-indonesian-tidal-power-study/

[brucie5] 01/5/2022 14:13

Codger, maybe just come up with a better case?

[the codger] 01/5/2022 10:52

Jackoff is hilarious 😂

[gbjbaanb] 01/5/2022 02:17

I wonder what the value of the brownfield site would be if they just dumped it on a property developer to build "much needed homes for refugees" on. Probably a heck of a lot.

[brucie5] 30/4/2022 13:35

So currently valued at one third of net assets. They can afford to write down further, then?

But I think the greater case is on what basis they find the finance get the BESS off the ground, so it doesn't become a weight round their shoulders. It's really not difficult to imagine that Uskmouth will attract all manner of interest from ESG capital, and with the controversial pellet combustion project out of the way, the Welsh government will I imagine, be extremely supportive.

Then, what the emerging value of the their core tidal business? I'd like to see how you assess it, given their success in attracting international interest. Tech like this, with working demo models takes years to build, as I know from following IES. And though it can seem precarious before commercial order come in, it is far from value-less.

Key demo plants in Scotland, France and Japan.

All this for 20m?

C'mon!

[brucie5] 30/4/2022 11:41

Well at risk of making myself unpopular, I actually welcome Jak's contributions. You need a strong countercase for every share. As I recall, Myles McNulty called this up to £1 not so long ago, and many will have been suckered in.
The risk here is how to finance the business going forward as going concern: and that is real and present. The opportunity is self-evident, but talk of a billion pound potential may be a big ask.
To what extent the present mcap represents a bargain will only surely be evident when we find out the cost of refinance to shareholders.
and once again, I'd be interested in knowing more about that NAV figure that Jak quotes of 12.9p. How exactly is that arrived at, ,what does it include?
I'll also repeat that my specific attention at this time has been drawn to this primarily due to the chart, which appears very bullish on the emas. That always intrigues me, after such a radical demolition of the share price

[wheeze] 29/4/2022 15:37

JakNife, clearly you struggled with reading at school. I can just see your report - must try harder. Cutting and pasting in bold type will not help your lack of comprehension. If you believe the technology used at the Sihwa Lake station project would work in the Pentland Firth, you are mistaken. This is from the Simec Atlantis website "The MeyGen project is the largest planned tidal stream project in the world and is the only commercial multi-turbine array to have commenced construction."Simec are indeed trailblazers in their sector. Perhaps too much for you to grasp. Suggest you go and ask someone to translate it for you.Don't bother to reply. I have you on filter so will not see any more rubbish that you post. Perhaps you can migrate to another board where you actually have some shares, if you own any.

[brucie5] 29/4/2022 15:12

Thanks for all the above, and I'm sure you will have read this. My interest is tweaked, if only to find out more about an interesting corner of the green energy market. Seems also to me that the importance of tidal power in Wales and Scotland may command some special interest lobbying, since both economies trying to flex their muscles independently of UKG, which in turn, will be wanting to show the advantages/claim credit for financial benefits of UK PLC. But beyond that, the number of trusts operating in the area of green power, particularly wind generation is fairly salient, with a lot of investors' ESG directed money burning a hole in their pockets.

Would be very surprised if some of it doesn't find its way to supporting SAE.