
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Simec Atlantis Energy Limited | LSE:SAE | London | Ordinary Share | SG9999011118 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.40 | 2.10 | 2.40 | 2.25 | 2.25 | 2.25 | 637,779 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Steam,gas,hydraulic Turbines | 15.45M | 25.39M | 0.0351 | 0.64 | 17.35M |
4 December 2024
SIMEC Atlantis Energy Limited
("SAE Renewables", "SAE" or the "Company")
SAE brings full power to MeyGen tidal stream site
SAE is pleased to announce that, following the successful deployment of turbine 4, the world leading MeyGen tidal stream site now has all four turbines fully operational. This means that the site is now at full power for the first time, delivering 6MW of predictable, renewable power.
Since deployment in 2016 the turbines operated by MeyGen have undergone several upgrades and enhancements to increase system efficiency and cost reduction. The site continues to support the innovation and development of the turbines to unlock further phases and further technological upgrades.
The deployment of the turbine was carried out alongside Proteus Marine Renewables (PMR), with whom SAE recently announced it had started discussions to supply turbines for future phases of MeyGen. PMR, alongside its partners SKF Marine and GE Vernova, are developing a 3MW turbine which could be used at MeyGen for the next 59MW.
The turbine was taken to site from the MeyGen Operations base at Nigg Energy Park aboard the Maersk Involver. The deployment operation was supported by MWaves as the project Marine Warranty Surveyors and completed without incident.
Graham Reid, CEO of SAE, commented:
"Phase 1 of the MeyGen project was delivered to prove the technology and allow innovation to unlock the technology at commercial scale. From this perspective, phase 1 has been a huge success, and it wouldn't have been possible without the support of our project partners and, of course, our shareholders. This is a proud moment for everyone involved in the sector and those pioneering this vital, predictable renewable energy source."
- Ends -
For further information, please contact:
SAE Renewables Sean Parsons, Director of External Affairs |
+44 (0)7739 832 446 |
|
|
Strand Hanson Limited (Nominated and Financial Adviser) Richard Johnson Rory Murphy David Asquith |
+44 (0)20 7409 3494 |
|
|
Zeus Capital Limited (Broker) Louisa Waddell Simon Johnson
|
+44 (0)20 3829 5000 |
Notes to Editors
SAE Renewables 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/
Proud to be part of London's universe of Green Economy Equities
1 Year Simec Atlantis Energy Chart |
1 Month Simec Atlantis Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions