TIDMSAE

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 GBP4.0m 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 
  Sean Parsons, Director of External 
  Affair                               +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 with a diverse portfolio in various stages of development.

https://www.saerenewables.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCNKDBDABKDFOB

(END) Dow Jones Newswires

July 24, 2023 02:00 ET (06:00 GMT)

Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart
Von Dez 2024 bis Jan 2025 Click Here for more Simec Atlantis Energy Charts.
Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart
Von Jan 2024 bis Jan 2025 Click Here for more Simec Atlantis Energy Charts.