REG - SIMEC AtlantisEnergy - SAE receives next payment for BESS project

SIMEC Atlantis EnergyAnnouncement

24/07/2023 07:00

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RNS Number : 8624G  SIMEC Atlantis Energy Limited  24 July 2023

24 July 2023

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

 

SAE receives next payment for BESS project

 

 

Further to the Company's announcement on 23 February 2023, SAE is pleased to
confirm that it has now received the £4.0m development premium from Uskmouth
Energy Storage Limited ("UES"), as part of the arrangements that allow UES to
deliver a 230MW / 460MWh battery energy storage system ("BESS") at the
Uskmouth site.

 

This marks another major milestone in the delivery of one of the largest BESS
projects in the UK and the unlocking of value for SAE and its shareholders.

 

Following the Company's update on 27 June 2023, SAE can also report that it is
making good progress with finalising its audit and is on track to publish its
Annual Report for the year ending 31 December 2022 later this month.

 

 

For further information, please contact:

 

 SAE Renewables                                           +44 (0)7739 832 446

 Sean Parsons, Director of External Affair

 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 with a diverse portfolio in various stages of development.

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

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