Ampeak Energy advances tidal generation and battery storage strategy

Ampeak-Energy

Ampeak Energy is progressing two complementary parts of its renewable energy portfolio as it moves towards a broader operating model built around electricity generation and energy storage.

The company reported that its MeyGen tidal stream project generated 732 MWh of renewable electricity during June 2026. MeyGen produces electricity from ocean currents, offering a form of renewable generation that is predictable because tidal movements can be forecast well in advance.

The June output demonstrates the continuing role of MeyGen within Ampeak Energy’s portfolio. The project gives the company direct exposure to tidal stream generation while supporting the development of an established operating record for the technology. Regular production data also provides a practical measure of asset activity as Ampeak Energy continues to position MeyGen as a renewable electricity source connected to the natural timing of tidal flows.

Alongside tidal generation, Ampeak Energy is approaching an important stage in the construction of its AW1 Battery Storage project. Construction is nearing completion, and the project remains scheduled to begin operations in the first quarter of 2027.

The start of operations at AW1 is expected to introduce a significant new revenue stream. This would broaden Ampeak Energy’s activities beyond project development and tidal electricity generation, while giving the company a direct operational interest in battery storage.

Ampeak Energy Limited (LON:AMP) a developer, owner and operator of sustainable energy projects​. Transitioning to become a major Independent Power Producer (IPP) with a project development arm specialising in Battery Storage and Tidal Stream generation.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

MeyGen takes tidal energy towards commercial scale

MeyGen has generated 91GWh from more than seven years of tidal operations and is now using that experience to support the development of a 59MW commercial-scale tidal energy project.

Ampeak Energy Director Buys 500,000 shares in market purchase

Ampeak Energy non-executive director John Woodley has purchased 500,000 shares in the company at a weighted average price of 1.975p, increasing his holding to 1 million shares, equivalent to 0.138% of issued share capital.

MeyGen accounts for more than 80% of global tidal stream generation

MeyGen generated 13.1 GWh in 2025, representing more than 80% of global tidal stream electricity generation. Its longest-operating turbine is undergoing inspection after more than seven and a half years of continuous operation.

Ampeak advances AW1 battery project as £7.8m investment strengthens growth plans

Ampeak Energy is advancing its flagship AW1 battery project, with a £7.8 million investment strengthening liquidity and supporting the planned expansion of the 240MWh facility to 480MWh.

Ampeak Energy reports H1 2026 results as AW1 Battery Project advances

Ampeak Energy reported revenue of £2.2 million and a £4.7 million loss before tax for the six months ended 30 June 2026, while construction of its AW1 battery storage project continued and the Group progressed its wider energy storage portfolio.

MeyGen reliability milestone supports the next phase of tidal energy growth

MeyGen’s six-year turbine reliability milestone strengthens the case for larger tidal energy projects as new 3-megawatt systems move towards deployment.

Search