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."
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Ends -
For
further information, please contact:
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SAE
Renewables
Sean Parsons, Director of External
Affairs
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+44
(0)7739 832 446
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Strand Hanson Limited (Nominated and Financial
Adviser)
Richard Johnson
Rory Murphy
David Asquith
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+44 (0)20
7409 3494
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Zeus Capital Limited (Broker)
Louisa Waddell
Simon Johnson
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+44 (0)20
3829 5000
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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