TIDMSAE

RNS Number : 3212Z

SIMEC Atlantis Energy Limited

11 January 2024

11 January 2024

SIMEC Atlantis Energy Limited

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

Major milestone reached in BESS project

SAE is pleased to announce that the next Battery Energy Storage System ("BESS") project at the Uskmouth site has been granted planning consent with conditions by Newport City Council. This is another significant milestone in the business's plan to develop 1GW of BESS at the Uskmouth Sustainable Energy Park, as set out in the business update provided on 5 December 2023.

The 120MW project is being developed alongside Enso Green Holdings Limited and will be built at the site of the power station's cooling towers. SAE has commissioned and mobilised the demolition works on the cooling towers to prepare the site for construction. SAE will provide further updates as the project progresses.

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. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects. https://www.saerenewables.com/

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January 11, 2024 02:00 ET (07:00 GMT)

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