REG - SIMEC AtlantisEnergy - SAE brings full power to MeyGen tidal stream site

SIMEC Atlantis EnergyAnnouncement

04/12/2024 07:00

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RNS Number : 6811O  SIMEC Atlantis Energy Limited  04 December 2024

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                                           +44 (0)7739 832 446

 Sean Parsons, Director of External Affairs

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0)20 7409 3494

 Richard Johnson

 Rory Murphy

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0)20 3829 5000

 Louisa Waddell

 Simon Johnson

 

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/ (https://www.saerenewables.com/)

 

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