Tag: SAE

  • SAE Renewables secures £67.4m financing for flagship AW1 battery storage project

    SAE Renewables secures £67.4m financing for flagship AW1 battery storage project

    Further to the Company’s announcement on 5 August 2025, SAE Renewables Limited (LON:SAE) has announced the successful financial close of its AW1 battery storage project (AW1) at the Uskmouth Sustainable Energy Park (USEP), a significant milestone that underscores the Company’s commitment to accelerating the UK’s transition to a low-carbon energy future. The AW1 project is forecast to generate average revenues of c.£13m per annum and average EBITDA of c.£9m per annum in its first five full years of operation.

    The AW1 project is a 240MWh battery storage project with the ability to increase to 480MWh.  The project is SAE’s flagship project at the USEP, which has the potential to be one of the largest battery storage sites in the UK. The site is key to unlocking an economic, environmental and social revival around Newport. The project is owned and is being constructed by AW1 Energy Storage Limited (“AWES”), a company dedicated to the construction, ownership and operation of this project.

    To achieve this milestone, the Group has entered into various agreements that have unlocked this project and enabled AWES to successfully secure £67.4m in funding to develop, build, own and operate the Group’s first battery storage project. As part of these agreements, a number of parent company guarantees have been provided, which are customary for these types of projects. Throughout the process, Elgar Middleton Infrastructure and Energy Finance LLP has acted as the financial advisor to AWES. 

    Project financing is being provided to AWES through a facility agreement with Norddeutsche Landesbank Girozentrale, a leading German commercial bank and a prominent financier of renewable energy projects for over 30 years. Nord/LB is providing £45.3m of non-recourse project finance on market standard commercial terms. The loan is forecast to be repaid by ProjectCo from project cashflows. The term of the FA runs until December 2031, at which point the loan will be repaid or refinanced by AWES.  Under the terms of the FA, Nord/LB has taken security over all assets and shares in AWES, as is customary in project financing transactions.

    The shares in AWES are held 100% by a holding company, AW1 Storage Holdings Limited. SAE Rewnables owns a controlling 75.3% shareholding in this holding company, with the remaining 24.7% minority stake being owned by BESS Investment UK Limited, part of a global renewable energy group, which has committed to an equity investment of £4.2m into the holding company and a £3.6m shareholder loan to AWES.  Alongside this, SAE is providing a £3.1m equity investment into the holding company and a £11.1m shareholder loan to AWES.

    The funds that SAE has committed to invest into AWES of £14.2m have been secured from a combination of internal cash resources, a loan from CCR, announced on 16 April 2025, and from the proceeds from sale of the site for the project by SAE’s subsidiary, SIMEC Uskmouth Power Limited (“SUP”), to EL (Uskmouth) Limited for a consideration of £9.0m.  AWES in turn has entered into a long-term lease agreement with EL (Uskmouth) Limited for the site, under which SAE has provided a parent company guarantee for AWES’ lease obligations for the duration of the project’s construction phase. An initial £2.4m of the consideration of £9.0m for the land sale has been paid to SUP on “financial close”, with the balance being held in escrow and released during the construction phase of the project, and in relation to which, SAE has provided a further £4.5m parent company guarantee.

    The project has a contracted grid connection date of October 2026, that will allow for project commissioning, and an anticipated full commercial operations start date during Q1 2027.

    SAE launched its strategy in 2024, outlining a path to deliver a pipeline of projects that will achieve its goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for shareholders.

    Graham Reid, CEO of SAE Renewables, commented:

    “This is a momentous occasion for all those involved with SAE and the Uskmouth site. Our announcement today is a clear signal that SAE is delivering its strategy. The AW1 project is a game changer for SAE. We believe it will be an operational asset that delivers significant long-term revenue for SAE. I truly believe this is the single biggest announcement in our company’s history, enabling us to deliver a project that provides both returns for the Company and stakeholders, and a platform to scale the USEP into one of the largest battery storage sites in the UK. We wouldn’t be here without the support and help of so many people. This achievement reinforces a core value that through collaboration and teamwork we will achieve our vision.”

  • SAE secures contracts for 240MWh AW1 battery project at Uskmouth

    SAE secures contracts for 240MWh AW1 battery project at Uskmouth

    SAE Renewables Limited (LON:SAE) has announced the entry into supply and construction contracts for its AW1 battery storage project at the Uskmouth Sustainable Energy Park.

    The AW1 project is a 240MWh battery storage project with the ability to increase to 480MWh. The project is SAE’s flagship project at the USEP, which has the potential to be one of the largest battery storage sites in the UK. The site is key to unlocking an economic, environmental and social revival around Newport. The project is owned and is being constructed by AW1 Energy Storage Limited, a company dedicated to the construction, ownership and operation of this project.

    The batteries for AW1 are being purchased from Canadian Solar SES (UK) Ltd. CSES is one of the world’s leading manufacturers of battery energy storage solutions. CSES has developed, built, and connected over 3.7GWh of battery energy storage projects globally. CSES will also provide a 15-year long term service agreement for the project, ensuring a bankable long-term warranty for the project.

    SAE and CSES have also entered into a framework agreement that secures the supply of batteries for SAE’s future battery storage projects. Under this framework agreement, CSES has committed to 1.1GWh of batteries that will be supplied at competitive market prices to two of SAE’s future projects, Mey BESS and AW3. Subject to the benchmarking of pricing, SAE has agreed to procure this capacity of batteries exclusively from CSES. SAE has provided a parent company guarantee in respect of this commitment, which has a liability cap of £3.65m.  The agreement with CSES is strategically important for SAE as it secures a supply of market leading battery storage systems and enables SAE to efficiently build out a portfolio of battery storage projects, capitalising on the success of AW1.

    The balance of plant contract for the project has been awarded to Welsh-based contractor Jones Bros. Ruthin (Civil Engineering) Co. Limited, who possess exceptional knowledge of the site and are experienced in delivering battery projects, including having worked on the first battery project at the USEP.

    SAE has also entered into a 12-year floored revenue optimisation agreement with EDF Energy Customers Limited. Pexapark AG, a leading power purchase agreement commercial advisory firm, assisted SAE with the procurement and development of the optimisation agreement. This agreement will ensure SAE receives guaranteed revenue, and is in addition to the Capacity Market revenues that the project has secured and which SAE previously announced in March of this year.

    Construction work has already started on the AW1 project and is being managed by SAE, leveraging the SAE team’s expertise from building and operating projects at both MeyGen and Uskmouth. The AW1 project has a contracted grid connection date of October 2026 and an anticipated commercial operations start date of Q1 2027.

    SAE will update the market on the financial close process in due course.

    SAE launched its strategy in 2024, outlining a path to deliver a pipeline of projects that will achieve its goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for shareholders.

    David Taaffe, Chief Operating Officer of SAE Renewables, commented:

    “We are thrilled to have put in place a team to deliver our flagship AW1 project. Our project partners are world leaders, and their involvement in this project is key in ensuring its success, both in terms of delivery and in the project’s successful long-term operation. We are also pleased that all our project partners are completely aligned with our wider vision for the Uskmouth Sustainable Energy Park. They recognise the potential for USEP to become one of the largest battery storage sites in the UK and be a catalyst for local and national regeneration.”

  • Tides could power the next wave of energy

    Tides could power the next wave of energy

    An overlooked force edges closer to centre stage, poised to reshape the balance between baseload stability and clean power. Beneath the surface of coastal waters, a predictable, pulsing resource awaits those who look beyond solar and wind. Momentum is building around the notion that the rhythmic ebb and flow of the sea could underwrite a new dimension of renewable generation, drawing interest from developers and investors alike prepared to navigate shifting regulations and pioneering technology.

    From rugged Atlantic shores to sheltered estuaries, early pilot schemes have demonstrated the technical feasibility of submarine turbines harnessing tidal currents with minimal environmental impact. What once seemed an engineering curiosity has grown into a field attracting serious capital as streamlined permitting and targeted research grants reduce the barriers that long deterred large-scale deployment. Decision-makers have begun to recognise that, unlike sunlight or breezes, ocean tides arrive on a fixed schedule, offering grids a dependable complement to intermittent sources. This inherent regularity has sparked discussions about pairing tidal installations with hydrogen production or battery storage, yielding hybrid projects that bolster reliability while smoothing revenue streams.

    Behind the scenes, policymakers are responding to persistent calls for clarity. Regulatory bodies traditionally tasked with overseeing waterways and marine wildlife have introduced more coordinated review processes, cutting months off approval timelines and reducing overlapping requirements. The result is a more navigable pathway for developers who can now present unified environmental impact assessments and engage stakeholders in parallel, rather than sequential, consultations. Simultaneously, research agencies have funded demonstration arrays in both sheltered bays and open waters, validating novel mooring techniques and turbine designs optimised for varying current speeds. Such initiatives have attracted attention from strategic investors seeking exposure to long-term energy infrastructure poised to outperform as climate targets sharpen.

    Technical refinements continue to emerge, with modular turbine units designed for efficient maintenance and scale-up potential. Some systems employ floatation buoys tethered to seabed turbines, allowing for straightforward retrieval in case of storm damage or seafloor shifts. Others draw inspiration from mature offshore industries, adapting corrosion-resistant materials and subsea cabling technologies proven in oil and gas to the renewable context. These advances have trimmed installation costs, bringing levelised cost projections within striking distance of offshore wind in regions with strong tidal regimes. In turn, project developers are negotiating power purchase agreements that blend fixed and indexed pricing, ensuring cash flows that appeal to long-horizon investors such as pension funds and infrastructure vehicles.

    Climate imperatives and grid operators’ appetite for diverse supply further bolster the case. As solar capacity saturates sunny regions and wind farms expand across coastal landscapes, system planners are seeking dispatchable alternatives that can step in when weather-dependent assets wane. Tidal arrays promise near-clockwork output, peaking twice daily in a pattern that complements peak electricity demand in many markets. Forward-looking utilities are evaluating dispatch models that integrate tidal forecasts alongside meteorological data, offering end-users a more resilient supply mix. That resilience, investors note, translates into portfolio diversification benefits and mitigates the revenue volatility that has challenged some renewable ventures.

    The convergence of technological maturation, regulatory momentum and grid integration strategies positions tidal energy at an inflection point. While capacity remains modest, project pipelines have expanded from a handful of sites to dozens of proposed arrays across Europe, North America and Asia. Each new scheme refines industry know-how, generating a feedback loop that attracts further capital and cements the notion that tidal power need not remain a niche pursuit. For investors comfortable with long gestation periods and maritime project complexity, the sector offers a rare combination of predictable returns, environmental credentials and first-mover advantage in underexploited marine real estate.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Marine currents offer unexpected investment path

    Marine currents offer unexpected investment path

    A steady hum resonates miles offshore, where a turbine anchored in deep waters off northern Scotland has quietly defied every expectation of wear and tear. Each turn of its blades carries the weight of years spent battling salt and pressure, hinting at a chapter in renewable power that often goes overlooked beneath solar panels and wind farms.

    Submerged some forty metres below a stretch of sea infamous for its powerful currents, this grid-scale turbine has cranked out clean electricity without once being yanked from its underwater moorings for unplanned repairs. The achievement has won nods from sceptics and seasoned engineers alike, setting the stage for a tidal industry that investors have long regarded as tantalising yet stubbornly unproven. Now, as bearings and seals enter their seventh year in relentless rotation, a fresh narrative is emerging, one that encourages capital to flow towards a resource as predictable as the moon’s pull.

    For decades, tides have promised a future of reliable, carbon-free power, yet the technology needed to tame those forces remained in its infancy. Early trials spluttered and stalled; prototypes required frequent haul-outs for maintenance, driving costs to levels that no balance sheet could reconcile. The Pentland Firth, a narrow channel between Scotland’s mainland and Stroma Island, was chosen not merely for its sweeping views but for the consistency of currents that race at speeds few turbines can withstand. Here, in the Inner Sound, four robust machines deliver a combined six megawatts, enough to illuminate some 7,000 homes year after year, yet it was the unseen durability that truly captured attention.

    Behind the scenes, a collaboration between an energy developer and an engineering specialist forged components that shrug off corrosion and fatigue. Bearings designed to endure constant friction have ticked over millions of revolutions, supported by seals that keep abrasive particles at bay. This precision engineering, refined through iterative testing, addresses a fundamental investor anxiety: recurring maintenance costs. The real breakthrough lies not in peak output but in the reassurance that turbines can remain submerged indefinitely, turning tides into a dependable revenue stream rather than a gamble.

    As the turbine’s record-breaking run wound past six and a half years, industry bodies hailed the milestone as the clearest indicator yet that tidal energy might finally graduate from demonstration projects to mainstream infrastructure. Grid operators, once cautious about intermittency, have begun to factor tidal flows into supply forecasts, appreciating the predictability that solar and wind cannot match. Where daylight wanes and winds shift, the ocean’s rhythm remains a constant. For portfolios seeking diversification, an allocation to tidal arrays could temper exposure to the familiar ebbs and flows of other renewables.

    Looking ahead, plans are already under way to scale the site from a quartet of machines to dozens by the end of the decade. Upgrades to transmission lines will remove existing bottlenecks, while phased investment could bring capacity as high as 130 turbines, each more powerful than its predecessor. Such expansion, once granted the necessary licences, would transform a single demonstration zone into one of the world’s largest tidal farms. Investors drawn by the longevity of components can also anticipate economies of scale in installation and maintenance, further compressing the levelised cost of energy.

    Outside Scotland, similar projects are stirring interest in coastal regions with strong tidal currents. From Canadian straits to Asian archipelagos, the template is clear: secure durable equipment, prove continuous operation and then replicate. While environmental and regulatory hurdles persist, the weight of evidence now favours an optimistic outlook. As one executive put it, the challenge is no longer about whether turbines can survive underwater but how swiftly operators can deploy them at scale.

    Today’s milestone offers more than a pat on the back for engineers; it represents a tangible signal to capital markets. A technology once deemed niche and experimental is showing the raw endurance that underpins long-term returns. For investors accustomed to watching blades spin above ground, the silent revolution unfolding beneath the waves carries both novelty and assurance. It’s a reminder that sometimes the most compelling opportunities lie not in the loudest headlines, but in the persistent rhythms hidden beneath the surface.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • When bearings defy the ocean’s rhythm

    When bearings defy the ocean’s rhythm

    From the moment the first tidal turbine blades sliced through the Pentland Firth’s currents, a silent question hovered over the world’s largest tidal array: could its mechanical heart endure the relentless ebb and flow of the sea? Six years on, that question has been answered with a resolute demonstration of engineering tenacity. At the MeyGen project, powerful currents have kept turbines turning without a single unscheduled stop, not through luck but by design. Behind this uninterrupted run lies a partnership of innovation and materials science that has slyly rewritten expectations about the longevity of marine energy assets.

    Investors eyeing tidal power have often balked at the perceived maintenance burdens that come with submerged machinery assaulted by saltwater and shifting sands. Yet, in the Pentland Firth, turbines have clocked more than 50,000 operating hours without a major intervention, forging a compelling case for the reliability of this nascent renewable sector. At the core of this achievement sits a suite of bearings and seals engineered to shrug off corrosion, fatigue and the minute irregularities of underwater motion. This unheralded layer of technological assurance has transformed what was once a speculative proposition into a tangible example of long-term operational resilience.

    The MeyGen array itself reads like a milestone in marine energy history. Anchored on the seabed off Scotland’s northern tip, its four initial turbines have defied sceptics by racking up cumulative availability figures that many offshore wind installations would envy. More recently, the project extended its own record, surpassing six continuous years of power generation, a testament to the careful calibration of every moving part. These turbines now represent the beating heart of a larger vision: an expandable grid of subsea generators that can deliver predictable, rhythmic power in phase with lunar cycles.

    Such stability matters profoundly to investors who prize certainty in revenue streams. Unlike solar farms that falter on overcast days or wind parks that grind to a halt in calm weather, tidal installations offer a near-clockwork predictability. Yet until now, many financiers have hesitated, concerned that the unseen struggle of underwater bearings would precipitate costly repairs and downtime. By contrast, the MeyGen array has turned a six-year marathon of uninterrupted operation into a powerful endorsement of robust design. It underlines the proposition that with the right components, tidal turbines can offer the dual advantage of reliable baseload supply and minimal lifecycle maintenance.

    Behind the scenes, rigorous testing and materials selection have been decisive. Engineers subjected bearing prototypes to accelerated wear cycles, high-pressure saltwater baths and perfectly uneven load distributions to simulate years of real-world stress in mere months. Advanced coatings and specialised lubricants formed a protective film impervious to seawater ingestion, while precision machining kept tolerances so tight that even the slightest deformation became practically impossible. These innovations have not only extended component life but also delivered performance consistency, ensuring that power output remains remarkably steady over time.

    The significance of MeyGen’s new operational benchmark extends well beyond a single project. It signals to the wider marine energy industry that tidal power can be more than a niche experiment; it can be a dependable pillar within a diversified renewable portfolio. For investors assessing long-term infrastructure, the implication is clear: tidal energy, once relegated to the fringes, is primed for expansion, to larger arrays, deeper waters and different geographic settings where strong currents prevail.

    This shift in perception arrives at a moment when capital allocation across renewable technologies has become fiercely competitive. Solar and wind have enjoyed decades of cost declines and technology improvements, while tidal energy has often rated a cautious ‘maybe’ in strategic planning discussions. But with the MeyGen array’s record run, underpinned by cutting-edge bearing solutions, investors now have a concrete case study in which both predictable generation and resilient engineering converge. It points to a future in which subsea turbines could anchor coastal grids with unmatched reliability.

    In this evolving landscape, companies that supply critical mechanical components stand to gain particular attention. As developers seek to replicate the MeyGen model elsewhere, they will look for proven suppliers whose products have already endured the sea’s most punishing tests. Such partners will not merely sell parts; they will offer a track record of performance that underwrites the viability of entire tidal schemes. That level of assurance can tilt investment decisions, turning what was once a high-risk proposition into a calculable, long-horizon opportunity.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • SAE Renewables charts a course under the tides

    SAE Renewables charts a course under the tides

    The faint hum of submerged machinery out at sea rarely provokes more than a passing glance, yet something is stirring beneath the waves that could reshape how power meets demand. Far from the glare of headlines and investor decks, one firm has quietly teased out efficiencies and scaled operations in a way that hints at a turning point for marine energy.

    For years, the promise of harnessing the ceaseless ebb and flow of tides has flirted with viability, only to stumble on maintenance setbacks, unpredictable yields and harsh operating conditions. Yet in the midst of these perennial challenges, a handful of pioneers have chipped away at the problem with incremental innovations. One name increasingly surfacing in technical bulletins and industry whispers is SAE Renewables. While other players trumpet headline-grabbing pilot sites or well-funded test beds, SAE has focused on refining core turbine reliability, extending service intervals and streamlining remote monitoring systems.

    Recent milestones underscore the impact of this quiet dedication. Earlier this summer, a tidal array in Scottish waters logged six consecutive years of uninterrupted operation, a testament not only to raw endurance but to the systems that underpin predictive maintenance and modular repairs. This achievement dovetails with breakthroughs announced by a leading engineering group, which has demonstrated how next‑generation bearings can cut frictional losses in tidal stream devices by nearly a third. Together, such advances weave a narrative that tidal power is shedding its experimental skin and edging toward commercial scale.

    SAE Renewables has been at the heart of this shift. Instead of chasing headline‑worthy megawatts, the company has rolled out a fleet of mid‑scale turbines designed for 1.5 to 2 megawatt outputs, deliberately optimised for year‑on‑year reliability. Those machines incorporate an adaptive blade pitch mechanism that senses changing currents and realigns in real time, reducing structural fatigue and smoothing power delivery. Engineers on the ground report a marked drop in unscheduled service calls—a welcome change in an industry where every maintenance voyage can carry six‑figure costs and weeks of downtime.

    Complementing its core hardware, SAE’s integrated data‑analytics platform has drawn praise for converting streams of sensor data into actionable insights. Underwater acoustics, vibration readings and torque metrics feed into a cloud‑based dashboard that flags anomalies long before they escalate into breakdowns. This feeds directly into logistics planning: vessels are dispatched only when true need arises, rather than on fixed schedules, saving charter fees and cutting carbon associated with service trips.

    Critically for investors, SAE has done more than stretch out service intervals; it has also slashed capital expenditure per installed megawatt. Through careful component selection and volume agreements with sub‑suppliers, the firm reports a 15 per cent reduction in upfront costs compared to comparable arrays deployed two years earlier. This narrow yet meaningful margin positions SAE Renewables to offer competitive power‑purchase rates in various tidal zones, from the rugged Atlantic approaches of the British Isles to the constrained channels of Southeast Asia.

    While operational resilience and cost discipline capture headlines, strategic partnerships have fast‑tracked market entry. SAE’s collaborations include local utilities keen to diversify generation mixes and offshore wind developers eyeing marine‑hybrid platforms. By bundling tidal turbines with battery storage and wind farms, project proposers can smooth output variability, unlocking financing from institutions that prize predictability as much as green credentials. SAE’s modular architecture has proven compatible with these integrated schemes, allowing for phased installations that match grid absorption limits and local permitting windows.

    Not all challenges have vanished. Marine biofouling remains stubborn, especially in warmer waters, and grid interconnection hurdles can push timelines beyond initial forecasts. Yet SAE Renewables’ focus on ease of access, standardising turbine interfaces and even experimenting with underwater drones for cleaning, has begun to chip away at these friction points. And with recent operational records serving as proof points, the company now enters contractual negotiations with a credibility that was once the domain of more established renewable segments.

    As the energy transition intensifies, capital is flowing ever more purposefully toward technologies that balance ambition with proven track records. In this landscape, SAE Renewables is crafting a narrative of steady execution rather than headline exploits. It is a story of turbines turning not just with the tide but with a deeper understanding of undersea dynamics, risk management and cost optimisation.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Ripples of opportunity in tidal power and regional renewal

    Ripples of opportunity in tidal power and regional renewal

    A low hum beneath the surface promises more than mere currents, hinting at a convergence of engineering ingenuity and community ambition ready to reshape an energy and economic landscape long defined by inertia.

    By threading tidal turbines through estuaries shaped by centuries and aligning municipal alliances around a shared blueprint for growth, a novel synergy is emerging, one that invites investors to look beyond conventional horizons.

    Harnessing the rhythmic pull of the tides has long been lauded for its predictability, yet few ventures have bridged the gap between theoretical promise and scalable delivery. Today, pioneering devices anchored to the seabed capture kinetic energy with minimal environmental disruption, subtly transforming subaquatic motion into stable electricity. Unlike solar or wind, the tides obey celestial mechanics with clockwork certainty, offering dependable generation windows that dovetail neatly with demand patterns. These installations, often stationed near coastal communities, can stabilise grids by smoothing intermittent outputs from other renewable sources, turning once fickle networks into fortresses of reliability. Early adopters have noted that maintenance cycles align naturally with tidal charts, reducing logistical surprises and cost overruns, a welcome departure from the unpredictable repair schedules that plague so many green-tech projects.

    Yet the techno-economic narrative only gains real traction when it transcends isolated prototypes. Enter regional coalitions that value not just power for its own sake, but the wider uplift it enables. In Newport and its environs, local authorities, universities and private stakeholders have embraced a collaborative model that weaves infrastructure investment into an inclusive tapestry of social and industrial renewal. Workshops convened by city planners now pair energy engineers with education leaders, ensuring that turbine fabrication skills feed directly into apprenticeship pipelines. Simultaneously, port facilities once languishing under trade downturns are finding new purpose as assembly sites, drawing in suppliers and sparking peripheral services from logistics to hospitality. The result is a multiplier effect: each megawatt of tidal power underwrites job creation and retraining schemes, reinforcing resilience against economic headwinds.

    Investors attuned to longer cycles will appreciate how such multi-threaded partnerships deflate political risk. Commitments shared across councils and corporations create a mesh of accountability, smoothing approval processes and locking in support through election cycles. When a single utility signs on, it shuffles its balance sheet; when an entire region commits, it reshapes its fiscal trajectory. This blueprint is replicable: coastal areas worldwide share the same dependence on tidal flows and the same thirst for diversified growth. The lessons from Newport’s boardrooms, where grant applications sit alongside private equity pitches—and from turbine test beds in estuarine channels form a playbook for how to scale with confidence.

    Technology vendors, too, are recalibrating their road maps. Modular turbine arrays now plug into standardised moorings, slashing deployment timelines and catering to brownfield ports keen to revitalise existing quays. Smart-grid software firms leverage the tides’ predictability to refine demand forecasting, offering utilities platforms that balance supply in real time and optimise reservoir drawdown for pumped-storage complementarity. Data-driven insights into sediment transport and marine ecology satisfy environmental regulators, turning what could have been protracted impact assessments into streamlined green light approvals. This fusion of hardware, software and stakeholder alignment points to an ecosystem where value is not only engineered into kilowatt hours but embedded in strengthened local economies.

    For investors seeking assets that marry resilience with growth potential, tidal energy’s emergence from concept to commercialisation dovetails neatly with the strategic imperative for place-based collaboration. Rather than betting on standalone projects vulnerable to grid bottlenecks or political shifts, capital can now anchor in networks where each node, municipal, educational, industrial, enhances returns by mitigating risks. As the tides rise and fall, so too will dividends accrue in predictable pulses, underpinned by tariffs tied to long-term purchase agreements and bolstered by regionally co-funded infrastructure bonds. In essence, the movement of water becomes a proxy for the movement of capital toward opportunities that generate both power and prosperity.

    To conclude, tidal power initiatives are converting the natural cadence of coastal currents into dependable renewable energy, while regional collaboration in areas like Newport is weaving those projects into broader economic revitalisation. Together, they offer investors a blueprint for durable returns grounded in technological certainty and collective engagement.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • SAE Renewables advances battery projects and marks 10 years on AIM

    SAE Renewables advances battery projects and marks 10 years on AIM

    SAE Renewables Limited (LON:SAE) has announced its audited final results for the year ended 31 December 2024. A complete version of the 2024 Annual Report and Accounts are available on the Company’s website at www.saerenewables.com and can be found here:

    The 2024 results demonstrate the business’s continued success and its drive to deliver its strategic projects. All the work in 2024 has meant that the business is on track to reach financial close of its flagship AW1 240MWh battery storage project in Q3 2025. 2024 was also a milestone year for the business as it celebrated a decade on AIM, a testament to SAE’s exceptional team, projects, and shareholders.  

    2024 Financial Highlights:

    ·      The Group reported revenues of £14.4 million (2023: £15.3 million).

    ·      EBITDA* of £7.9m (2023: £8.3m)

    ·      The Group reported a loss of £25.1m**, compared with a 2023 profit of £23.2m

    ·      Group debt (excluding non-recourse debt) remained unchanged at £13.7 million

    ·      As at 31 December 2024 the Group had £6.0 million (2023: £4.2 million) cash at bank.

    Operational highlights:

    ·      At the Uskmouth Sustainable Energy Park (“USEP”), the business acquired full ownership of the flagship Afon Wysg 1 (“AW1”) 240MWh Battery Storage Project, which is expected to achieve financial close in Q3 2025.

    ·      Submitted planning application to the Energy Consents Unit at the Scottish Government for the 1,200MWh Mey BESS Battery Storage project. 

    ·      MeyGen achieved full power with offshore generation peaking at just over 6MW. The array has generated over 79GWh of predictable tidal energy.  

    Post period highlights:

    ·      SAE secured a £8.5 million loan from Cardiff Capital Region’s Strategic Premises Fund. The loan will be used to facilitate the AW1 Battery Storage project at USEP.

    ·      SAE entered into a strategic joint venture with Econergy International Limited to co-develop the AW2 500MWh Battery Storage project at USEP.

    * EBITDA excludes all non-cash movements

    ** Includes non-cash accounting adjustments of £24.9m to project valuations and recognition of deferred tax liabilities.

    The Notice of Annual General Meeting will be notified and despatched in due course.

    Duncan Black, Chairman of SAE Renewables, commented:

    “I have seen excellent progress by the Company in 2024. The realisation of our vision for USEP will be transformational for our business, the local area and beyond. With the huge support locally and nationally for the development of battery storage projects at USEP, and the expertise, experience and foundations in place at SAE, I am confident of turning that vision into reality and turning our business into a leading battery storage developer, owner and operator. We will continue delivering operational excellence for the MeyGen Phase 1 project and seek to progress with the development of future phases of MeyGen.”

    Graham Reid, Chief Executive Officer of SAE Renewables, commented:

    “The business has met or exceeded all of its objectives. We continue to implement our strategy of Building a Sustainable Future to 2035, advancing our transition towards becoming an Independent Power Producer (IPP).” 

  • Tidal and wave energy shaping the coasts of tomorrow

    Tidal and wave energy shaping the coasts of tomorrow

    A subtle shift beneath the waves is unfolding, a new strategy quietly gaining traction as waves and tides are poised to anchor the clean energy transition. Rather than make loud headlines, the coastal energy revolution is positioning itself as the dependable backbone beneath the more celebrated renewables.

    The world’s coastlines form an immense, untapped reservoir of predictable energy. Unlike solar and wind, subject to the fickle whims of weather, tidal and wave forces follow the ceaseless rhythm of the moon and sea, yielding a consistency highly prized in long‑term power planning. Yet this very predictability comes with high initial costs, daunting engineering challenges, and sensitive environmental considerations.

    Advanced economies are now entering what feels like a quiet tipping point. In Britain, tidal‑stream technologies are edging closer to viability. Under long-term support mechanisms, over 120 megawatts is expected online before the end of the decade. A deeper proposition exists in tidal range schemes, barrages or lagoons, which could unlock as much as 20 gigawatts of capacity, potentially meeting over a tenth of national electricity needs by mid‑century.

    Elsewhere, one operational facility has quietly been delivering over 250 megawatts to the grid for years, offering a compelling model of long‑term viability. Pilot projects on remote islands are testing innovative systems such as underwater kites controlled by advanced navigation systems, which could supply up to 40 percent of local demand within five years. These early deployments offer a glimpse into scalable blueprints that could be applied across thousands of global sites.

    The broader wave and tidal energy market is expanding rapidly, with projections pointing to exponential growth in value and deployment. Collaboration between governments and private industry is now focused on solving the final barriers: advanced turbine design, resilient marine materials, dynamic anchoring systems, and hybrid integration with solar, wind, and storage. These efforts are beginning to converge, laying the groundwork for cost‑competitive, grid‑reliable marine power.

    Environmental stewardship remains central. The challenge is to balance industrial deployment with ecological preservation. Studies increasingly suggest that, even at scale, the ecological footprint of marine energy installations is modest, particularly when compared to the broader consequences of climate change. In sensitive estuaries, planners are prioritising lagoon systems over traditional barrages, aiming to maximise capacity while protecting biodiversity.

    For investors, three strategic insights stand out. First, coastal renewables provide valuable diversification. As energy systems shift toward higher shares of intermittent sources, technologies with predictable output will carry a premium. Second, the policy landscape is improving. Long-term contracting mechanisms, infrastructure incentives, and strategic government backing are aligning in key markets. Third, the economic profile is evolving. Though capital-intensive upfront, marine energy projects benefit from very long asset lives, low operational costs, and increasing standardisation.

    The sector now sits on the cusp of transition, from niche experiments to integrated infrastructure. Early deployments are refining cost curves, validating business models, and reducing risk. Investors who took positions in offshore wind a decade ago may see familiar signals: technological inflection, policy alignment, and scale potential. While marine energy will not displace dominant renewables, it offers a distinctive and compelling complement, especially in geographies where tidal forces are a natural advantage.

    Coastal energy harnesses the predictable movement of tides and waves to generate renewable power. Through submerged turbines, barrages, and innovative systems, it offers a consistent and increasingly viable source of clean electricity, well‑suited to long‑term infrastructure portfolios seeking dependable, differentiated exposure in the energy transition.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Tides mark an understated turn in the energy mix

    Tides mark an understated turn in the energy mix

    Tidal energy is often overshadowed by the ever-scaling march of wind and solar, yet its appeal lies in something more occasionally precious than capacity, consistency. Unlike solar PV or onshore wind, tidal turbines tap into the reliably cyclical surges and ebbs of ocean currents. When properly sited, these devices can generate electricity with high predictability, rounding out intermittent generation and smoothing system forecasts. That alone warrants investor interest.

    Recent developments in the sector demonstrate both ambition and pragmatism. Scotland’s Pentland Firth hosts the MeyGen array, four turbines producing 6 MW, yielding roughly 10 GWh in 2023, and carving a path toward a projected 400 MW build‐out . Just down the coast, Orbital Marine Power’s floating O2 turbine contributes 2 MW and is part of a broader plan to integrate tidal energy with green hydrogen production via electrolyser systems . Offshore Wales, Swansea Lagoon may yet see a commercial revival under “Blue Eden”, with fresh investment in a private-led scheme since 2023 .

    Emerging technologies are also gaining traction. Swedish‑based Minesto employs “tidal kites”, underwater aircraft that traverse currents in figure‑of‑eight patterns, boosting energy output in slower flow areas. Its Dragon units, including a 1.2 MW model installed in the Faroe Islands, are set to reach multi‑array scale . These advances introduce new options for geographically varied coastlines and flow conditions.

    Still, the path forward is not without obstacles. The sector remains in its early innings, with most deployments still small-scale or demonstrator projects. Historical stumbles like the collapse of France’s OpenHydro under Naval Energies and the UK’s shelving of Swansea Lagoon in 2018 underscore the capital intensity and policy risks . That said, policy support is beginning to catch up: the UK CfD programme is ring-fencing tidal stream projects, aiming to bring over 120 MW online by 2029 .

    Economic research supports this momentum. As installed capacity scales and engineering designs coalesce, costs are projected to decline, particularly through economies of scale in array deployment, and optimisation of turbine spacing and sizing . When capital costs and financing risks are managed, tidal can emerge as a complementary, dispatchable renewable asset prized by utilities and regulators alike.

    From an investor’s standpoint, this positions tidal energy as a strategic niche, offering consistent Baseload‑like output that fits between wind’s swings and solar’s day‑night cadence. Long-duration predictability becomes highly valuable in markets where grid resilience is as prized as zero emissions.

    Asset development strategies are evolving accordingly. Project sponsors are focusing on cluster build-out approaches—expanding once initial units prove successful. Technological diversifications, including fixed seabed turbines, floating structures, and kites, have the advantage of broadening deployment potential. Furthermore, hybridisation with offshore hydrogen systems offers appealing integration value, opening pathways to additional revenue streams.

    That said, capital discipline remains vital. Early-stage mezzanine finance and blended public-private structures can mitigate cost and execution risks. Investors should watch for emerging standardisation across supply chains, whether in turbine components, subsea installation, operations or maintenance, as this often precedes sustained cost reductions.

    Governments are increasingly recognising this. Scotland offers resource-rich sites; the UK’s recent CfD awards show institutional backing; the EU’s Green Deal has unlocked R\&D grants. Regions with strong tidal potential and stable policy frameworks could benefit from first-mover deployment and the engineering expertise that follows.

    Tidal energy harnesses the ocean’s rhythm to deliver clean, predictable power. It complements wind and solar by smoothing intermittency and can integrate into wider clean-energy systems, especially through hydrogen coupling. Investor‑wise, it offers a pathway to differentiated returns—anchored in long‑term contracts, policy support and emerging technology scale —despite higher upfront capital.

    An informed bet on tidal today could mature into a cornerstone of tomorrow’s diversified, resilient energy grid.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Stealth upgrade in tidal energy’s control room

    Stealth upgrade in tidal energy’s control room

    What once operated as an “inspect‑when‑due” maintenance schedule is now evolving into something far more precise. MeyGen, the world’s largest tidal‑stream array, has woven fibre‑optic sensing and cloud analytics into its operational core. Though turbines spin in one of Earth’s most aggressive marine environments, currents surpassing 10 knots and rocky seabeds, the asset owner has moved from periodic checks to continuous monitoring, leaning heavily on data-led insight.

    Since spring 2024, Indeximate’s Scattersphere platform has streamed live signals from distributed acoustic and temperature sensors aboard MeyGen’s export cables. These cables, laid unburied on the seabed, face constant bombardment from fatigue, abrasion and vibration. Yet after only a month of analysis, patterns emerged—fatigue levels held in check by quad‑armour, and stress correlating with lunar tides and seasonal storms. More pivotal still, hotspot detection within connector joints and free‑span segments has allowed O\&M teams to shift focus from blanket coverage to targeted inspections of risk zones.

    As a result, MeyGen appears to have unlocked a sharper, leaner maintenance model, one that shines in its ability to identify emerging issues before they escalate. The strategy extends beyond efficiency: owners report that their deep cable insight grants them enough confidence to self‑insure, controlling risk and saving insurance costs in one stroke.

    The impact hasn’t been lost on the bottom line. MeyGen consistently averages more than 95 per cent availability and has delivered over 75 GWh from its 1.5 MW turbines. In March 2025, one unit posted a record 372 MWh month, underscoring how reliability underpins predictable revenue streams. It’s proof that intelligent systems, when married to robust asset intelligence, can extract consistent performance even in volatile conditions.

    Now, MeyGen has doubled down: a three‑year subscription confirms it isn’t pilot‑phase, it’s strategy. That’s telling to investors evaluating the tidal‑energy sector. If fibre‑optic monitoring can shave 2-5% from levelised cost of energy, as third‑party studies estimate, it’s not just engineering, it’s commercial leverage. Especially where power flows are predictable, yet maintenance unpredictability has historically dampened yield visibility.

    Indeximate gains too: this extension transitions the company from ad‑hoc diagnostics to full‑cycle asset management. With each petabyte of acoustic data funnelled into the cloud, their compression and analytics toolkit grows richer, and potentially scalable across offshore assets. Other developers, insurers and grid operators are watching closely: here lies a real‑time health model for subsea infrastructure that could become a template for future deployments, whether tidal arrays, interconnectors or offshore wind farms.

    The broader implication extends well beyond Scottish water. With global tidal energy capacity forecast to climb into the many gigawatts, tools that protect subsea cables, and ensure they flow intelligence as well as electricity, will attract both technical attention and capital clout. Assets that can “self‑diagnose” lower operational risk, optimise inspection spend, and plug into proactive maintenance cycles suddenly look less experimental and more investment‑ready.

    MeyGen’s deployment of continuous fibre‑optic sensing marks a quiet yet fundamental shift in how subsea assets are managed. By converting raw acoustic signals into actionable risk intelligence, the project does more than avoid failure, it structures maintenance around data, not dates. For investors, the takeaway is clear: this is tidal energy engineering that thinks ahead.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Unexpected currents shift the tides for marine energy investment

    Unexpected currents shift the tides for marine energy investment

    Since 2016 the MeyGen array in Scotland has stood as the global benchmark for tidal stream deployment. But what began as a demonstration of concept is now evolving into a mature operation with commercial precision. Recent deployment of data‑driven cable monitoring has not only extended the reliability of its grid connection but also unlocked fresh cost efficiencies. UK‑based start‑up Indeximate has been retained for three more years after proving machine‑learning insights can detect weak spots in subsea cables before failure occurs. For investors, this shift means maintenance no longer remains a black box, but a predictive model that can protect cash flow and safeguard returns.

    The value proposition is compelling. MeyGen’s system availability has held steady above 95 per cent while cumulative output has topped 75 GWh, and that’s just the current phase. In March alone, one 1.5 MW turbine exported a record 372 MWh, reaffirming that high‑reliability operations backed by robust monitoring can deliver near base‑load performance from tidal sources.

    MeyGen is not a one‑off. A recent report from the University of Edinburgh, commissioned by Scottish Enterprise and Wave Energy Scotland, projects Scotland’s tidal stream potential rising to 4.3 GW by 2050, with 1.9 GW across the rest of the UK. If realisation aligns with ambition, the sector could inject nearly £4.5 billion in gross value‑added and support over 15,000 full‑time Scottish positions. Numerous contracts for difference already have been awarded to projects in Morlais and EMEC, and deployments beyond the test‑bed are moving into firm development. On a global scale, potential tidal‑stream capacity may reach over 300 GW by mid‑century, a market vista that invites attention from global energy portfolios.

    From a financial viewpoint, this is not island‑scale tinkering anymore. It’s industrial‑scale deployment. The scaling pathways are clearly mapped: technology validation, supply‑chain development, consenting infrastructure, and investment readiness. What’s new today is how a digital layer, sensors, analytics, predictive tools, can significantly lower operational risk. For capital allocators focused on long‑duration, stable yield, even small reductions in maintenance outturns and unplanned outages materially enhance returns.

    Meanwhile, across the equator, ocean currents are emerging as a parallel frontier. A fresh study harnessing 30 years of drifter data has spotlighted the Agulhas Current off South Africa, along with flow fields near Somalia, Kenya, Tanzania and Madagascar, as among the world’s densest and most stable marine currents. Power densities regularly exceed 2,500 W/m², up to two to three times more energetic than the best wind energy per square metre. That means smaller turbines, fewer moorings, and baseload-style consistency. For energy-hungry African coastal nations, this offers a pathway to clean, predictable power without the intermittency constraints of solar or wind.

    Yet, realising this requires steps beyond measurement and modelling, deployment of subsea infrastructure, blade technologies suited to strong marine flows, grid integration, and regulatory clarity. Africa has partially built-in advantages: energy access challenges, coastal load centres, and potential for industrialisation. And the momentum is building, albeit quietly, among governments and development banks searching for climate‑resilient generation solutions.

    What binds both fronts, tides and currents, is the emerging voice of investability. Tidal stream in Scotland is quietly crossing from ‘demonstration’ to ‘digitally assured commercial operation’. Ocean‑current power is moving from theory into the domain of asset portfolios. In both cases, the shift from engineering novelty to risk‑managed, tech‑enabled deployment is what exposes blue‑energy to real capital. The narratives in Scotland and on Africa’s coasts are complementary: stable, dense marine flows, increasingly turnkey monitoring, policy support, and disciplined scaling.

    For portfolio strategists, it’s time to revisit marine renewables not as niche infrastructure, but as credible non-correlated contributors to clean energy yield. Marine power isn’t weather-dependent in the same way as solar and wind; its predictability offers distinct value. Moreover, early-stage digital operational capabilities—such as those being trialled at MeyGen, signal that future deployments could be procured with embedded monitoring, insurance optimisation, and low brown‑out risk.

    Yet, hurdles remain. Capex per MW remains higher than for wind or solar. Supply chain still needs maturity. Regulatory timelines for marine build-out are long. And grid interconnection for isolated coastal zones adds complexity. But the trajectory is clear: each cable inspection averted, each megawatt deployed, and each study published nudges the sector closer to mainstream readiness.

    From an investor lens, the emerging portfolio approach becomes: select projects with credible depth in monitoring, phased consenting, and underlying marine resource density. Those that bring digital asset health monitoring, much like smart insurance, stand to differentiate. That means more durable cashflows, lower risk premiums, and potential for structured linkages to yield , rare in nascent renewables.

    Marine energy—harnessing predictable tides and continuous ocean currents, is emerging from demonstration into digital‑enhanced commercial readiness. Enhanced cable monitoring, phase‑wise grid integration, and clear economic modelling position Scotland and Africa as blue‑energy pioneers. What was once niche is now quietly approaching investable scale.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • SAE Renewables is leading the marine revolution

    SAE Renewables is leading the marine revolution

    In the push for a net-zero future, consistency and reliability are becoming as important as capacity. Tidal energy, once sidelined by faster-moving solar and wind technologies, is re-emerging as a key player in the global transition to clean power. SAE Renewables is seizing this moment, building its reputation as a leading innovator in a sector defined by predictability and technological challenge.

    SAE Renewables has carved out a pioneering role in tidal energy with the development of MeyGen, the world’s largest planned tidal stream array, located in the Pentland Firth, Scotland. The company’s practical, scalable approach to marine energy has positioned it well to meet the increasing demand for alternative renewable sources that can stabilise national grids and reduce reliance on volatile imports.

    Unlike wind or solar, tidal flows operate on natural lunar cycles, making them one of the most forecastable energy sources on the planet. This predictability holds enormous value in today’s energy markets, where balancing supply and demand is a constant challenge. SAE’s technology is designed to exploit this advantage, delivering electricity in a way that aligns with both environmental priorities and economic rationale.

    While tidal stream energy still represents a smaller slice of the global renewable mix, the pace of development is accelerating. Governments are beginning to recognise the strategic benefits of marine energy, offering policy support and funding mechanisms that encourage commercial rollout. SAE Renewables, with years of deployment experience, deep marine expertise, and a portfolio of operational turbines, is ahead of the curve.

    As costs fall and installation techniques improve, tidal stream energy is approaching a competitive threshold. SAE has refined its turbine designs to improve durability and efficiency, reducing downtime and maintenance expenses, key hurdles in marine environments. These operational insights have enabled the company to streamline deployments and reduce overall project risk.

    There is also growing recognition of the ecological alignment of tidal energy. With careful siting and design, marine installations can coexist with local ecosystems, avoiding many of the land-use conflicts associated with other renewables. SAE has been proactive in contributing to research and data collection, helping regulators and communities understand the environmental footprint of tidal projects.

    The global energy map is shifting, and with it, the role of lesser-known technologies like tidal stream is expanding. SAE Renewables is leading this change not through grand claims, but through steady delivery, data-backed performance, and an unwavering commitment to innovation. Its combination of technical know-how and operational experience is rare in such a young sector—and increasingly valued by stakeholders looking for practical solutions to today’s climate and energy challenges.

    Investors seeking exposure to long-term renewable infrastructure with a distinct technological edge would do well to watch SAE closely. As public and private capital continues to flow into marine energy, companies with proven track records and scalable models are set to benefit. SAE Renewables is not just participating in this shift, it is helping define its future.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Tidal energy is building investor momentum beneath the surface

    Tidal energy is building investor momentum beneath the surface

    Tidal energy is stepping into the spotlight as one of the most dependable and undervalued forms of renewable energy. With energy security now a global priority, the market is recognising the strategic value of a source that doesn’t rely on weather or daylight. Unlike solar or wind, tidal cycles are dictated by gravitational forces that can be predicted decades in advance, making it one of the most stable contributors to a low-carbon energy mix.

    This consistency is driving renewed interest from both governments and private investors. As net-zero deadlines draw nearer, countries are searching for solutions that balance environmental goals with grid reliability. Tidal energy fits that brief. By converting the natural ebb and flow of ocean tides into electricity, it delivers clean energy with minimal emissions, low visual impact, and a compact physical footprint.

    The technological foundation of tidal power is also maturing. Developers are now deploying more efficient underwater turbines and modular systems that are easier to install and maintain. These innovations are lowering operational costs and pushing the industry closer to price parity with other renewables. Projects in the UK, France, Canada, and parts of Asia are already proving viable, with growing investor confidence reflected in recent funding rounds and government-backed initiatives.

    Tidal stream technology in particular is drawing interest. Operating much like wind turbines beneath the sea, these systems generate consistent output thanks to dense water currents. This allows energy planners to forecast production and reduce reliance on energy storage or backup generation. The reduced variability also makes tidal an attractive option for integrating with national grids, especially in coastal regions with strong marine currents.

    Policy support is catching up with the technology. The UK and European Union are allocating dedicated funding for marine renewables, with specific targets for tidal deployment in their long-term clean energy strategies. These commitments signal a clear shift in perception, from experimental to essential. This shift is opening the door for new entrants and driving capital towards companies positioned at the forefront of marine energy.

    For investors, this is an emerging opportunity grounded in real-world data and engineering progress. Tidal energy offers exposure to an infrastructure-heavy sector with long asset lifespans and inflation-protected returns. Early movers may benefit from favourable valuations, long-term contracts, and the backing of governments seeking to diversify their clean energy portfolios.

    There’s also a broader strategic incentive. In a world increasingly shaped by geopolitical disruptions and supply chain vulnerabilities, domestic tidal resources offer nations a path toward greater energy independence. With the right combination of policy, capital, and innovation, tidal energy can evolve from a complementary solution into a cornerstone of modern renewable infrastructure.

    Investors seeking growth aligned with energy security and environmental resilience would be well advised to keep tidal energy on their radar. The currents are steady, the technology is advancing, and the long-term potential is substantial.

    Tidal energy companies specialise in harnessing the kinetic and gravitational forces of ocean tides to produce electricity. Using underwater turbines, barrages, or lagoons, these firms develop projects that convert marine currents into clean, renewable power, helping countries move toward grid stability and net-zero emissions.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Tidal power turns the tide for SAE Renewables investors

    Tidal power turns the tide for SAE Renewables investors

    Scotland’s roaring tides are no longer just a feature of the natural landscape, they are fast becoming one of the UK’s most underappreciated energy assets. A newly released report has thrown a spotlight on the game-changing potential of tidal energy, and right at the heart of this emerging sector is SAE Renewables, also known as Simec Atlantis. With its flagship MeyGen project leading the global charge in tidal stream power, this company is set to benefit as the sector gains real momentum.

    The report, endorsed by key stakeholders in the marine energy space, outlines a clear and actionable route to scaling up tidal energy in Scotland. As part of this strategy, MeyGen is identified as a cornerstone asset. It’s not just the world’s largest tidal stream array, it’s a fully operational demonstration of how predictable, clean, and scalable tidal energy can be. With over 45 GWh already exported to the grid, MeyGen’s record speaks volumes, and that track record is now drawing the attention of policymakers and capital markets alike.

    For SAE Renewables, the timing couldn’t be better. The UK Government’s support for marine energy through the Contracts for Difference scheme has laid a solid foundation for the next phase of expansion. The report emphasises the importance of ring-fenced tidal allocations, a mechanism from which SAE is poised to benefit directly. These policy signals align with a broader push for energy resilience and domestic supply, making tidal power not only a climate solution but a geopolitical one.

    MeyGen Phase 2 is now firmly on the radar, and with the technical and environmental groundwork already completed, the stage is set for capital deployment. SAE’s ability to execute, demonstrated by its pioneering first phase, places it in a rarefied position — a renewables player with proven technology, operational experience, and expansion-ready infrastructure. For investors, this translates to first-mover advantage in a sector that’s just beginning to be understood by the wider market.

    Beyond energy generation, SAE’s work offers wider infrastructure synergies. The build-out of grid capacity, the stimulation of local supply chains, and the international export potential of tidal technology are all detailed in the report. These create layered opportunities for the company, from EPC contracts to turbine sales, licensing, and knowledge transfer. The MeyGen blueprint could be exported to other tidal hotspots globally, from Canada to Southeast Asia, bringing long-term, diversified revenue streams into view.

    The report also touches on the economic ripple effect, with high-skilled job creation and regional regeneration flagged as key benefits. SAE’s role as an anchor employer and technology leader enhances its ESG credentials, giving institutional investors and green funds a tangible project to align with. In a world increasingly scrutinising the real-world impact of sustainable investments, SAE offers both the narrative and the numbers.

    As the energy transition accelerates, the predictable nature of tidal power stands out in a field dominated by intermittency. Unlike wind or solar, tides can be forecast with absolute certainty decades in advance. This reliability enhances grid stability and makes tidal power an attractive addition to a balanced energy portfolio. SAE’s forward planning and commitment to environmental stewardship will likely give it an edge as tidal energy becomes an integral part of the UK’s renewable mix.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Newport’s energy renaissance powers the UK’s green future

    Newport’s energy renaissance powers the UK’s green future

    Newport, once a titan of the coal-powered Industrial Revolution, is now spearheading a new era of clean energy innovation. The transformation of the Uskmouth Power Station into a cutting-edge battery storage facility exemplifies this shift, positioning the city as a pivotal player in the UK’s transition to renewable energy.

    The Uskmouth Power Station, a former coal-fired behemoth, is undergoing a remarkable metamorphosis. Quinbrook Infrastructure Partners, in collaboration with E.ON, is constructing a 230MW/460MWh Battery Energy Storage System (BESS) on the site. This facility is set to become one of the UK’s largest battery storage projects, directly supporting the nation’s energy transition and enhancing grid stability.

    The project’s significance extends beyond energy storage. It represents a strategic repurposing of existing infrastructure, breathing new life into the decommissioned power station. By utilising the site’s established grid connections, the development minimises environmental impact and accelerates deployment timelines. Construction commenced in November 2023, with the facility expected to be operational by the first quarter of 2025.

    Simec Atlantis Energy (SAE), the original owner of the Uskmouth site, envisions a broader transformation. The Uskmouth Sustainable Energy Park (USEP) aims to support up to 3.5GWh of battery storage projects. SAE plans to develop additional projects, including AW1 (240MWh), AW2 (500MWh), and AW3 (1.4GWh), with staggered timelines extending into the 2030s.

    This ambitious initiative aligns with the UK’s broader energy strategy. The government aims to bring forward investment in 18GW of energy storage by 2035, including 10GW of long-duration storage such as hydropower. Projects like Uskmouth are crucial for integrating renewable energy sources and achieving net-zero goals.

    Newport’s transformation is not limited to energy infrastructure. The city is experiencing a resurgence in high-tech industries. Companies like KLA and EnerSys are expanding operations, contributing to a burgeoning semiconductor cluster and advanced battery manufacturing sector. This diversification strengthens Newport’s economic resilience and underscores its role in the UK’s green industrial revolution.

    The Uskmouth project’s impact extends to the local community. It is expected to create hundreds of jobs, stimulate economic growth, and provide opportunities for skills development through apprenticeships. Councillor Dimitri Batrouni highlighted the project’s potential to deliver cutting-edge infrastructure and align with regional ambitions to grow the green economy.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • SAE Renewables and the rising tide of marine energy

    SAE Renewables and the rising tide of marine energy

    Tidal energy is gaining increased attention as a consistent and predictable form of renewable power. Among the companies driving this growth is SAE Renewables, a marine energy firm headquartered in Edinburgh. Originally founded as SIMEC Atlantis Energy, SAE has become a leading name in tidal stream power through its flagship project, MeyGen.

    The MeyGen Tidal Array

    SAE Renewables operates the MeyGen tidal array in the Pentland Firth, Scotland. It is currently the world’s largest operational tidal stream project, featuring four 1.5 MW turbines with a combined output of 6 MW. In 2025, all four turbines achieved full operational capacity, allowing the site to exceed 50 GWh of generated electricity. This makes MeyGen the first tidal stream array globally to reach such a milestone.

    Plans are in place to expand the MeyGen site significantly, potentially reaching hundreds of megawatts in capacity by 2029. This expansion is supported by Contracts for Difference, which provide long-term price stability for renewable generators.

    Integration with Battery Storage

    To support a more resilient and flexible energy system, SAE is developing battery energy storage systems (BESS) alongside its tidal initiatives. Two major storage projects are in development:

    • AW2 at Uskmouth Sustainable Energy Park in Wales, a 250 MW battery project in partnership with Econergy.
    • Mey BESS in Scotland, located near the MeyGen site, aimed at balancing tidal output with grid demand.

    The Uskmouth site is also home to the earlier AW1 battery project, which secured funding and a 15-year capacity market agreement in 2023.

    SAE Renewables is actively positioning itself as a vertically integrated marine energy operator. It maintains a stake in Proteus Marine Renewables, a technology spin-out dedicated to turbine development. This strategy ensures the company can advance both generation and technology innovation under its umbrella.

    SAE’s approach to combining marine generation with storage capacity is helping set a precedent in the renewable energy sector. By demonstrating the viability of tidal power at scale, SAE supports the case for tidal energy as a stable complement to other renewables like wind and solar.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • Tidal energy’s turning point with Meygen

    Tidal energy’s turning point with Meygen

    Investors are beginning to take serious notice of a quiet revolution surging beneath the surface off the Scottish coast. With operational success already under its belt and a bold roadmap in place, the MeyGen project by SAE Renewables is not just pioneering tidal energy, it’s poised to redefine it. Behind this momentum is a strategic vision that could open vast new opportunities in one of the most consistent renewable energy sources on Earth.

    The MeyGen project, spearheaded by Scotland-based SAE Renewables under the leadership of CEO Graham Reid, represents a landmark in the tidal power sector. Located in the Pentland Firth, MeyGen’s Phase One has been operating successfully since March 2018. Four 1.5 MW turbines, anchored on gravity-based structures, have already produced over 51 gigawatt-hours of renewable electricity. This output demonstrates the project’s potential to deliver consistent, low-carbon power generation from one of the most predictable natural phenomena—tidal currents.

    This early operational success is more than just a technical achievement. It serves as compelling proof-of-concept for a sector long overshadowed by solar and wind. Tidal energy’s key advantage—its predictability, makes it a valuable addition to the UK’s clean energy mix, providing balance and reliability in times of intermittent supply from other renewables.

    The next phase of MeyGen is where the vision becomes truly transformative. With 59 MW awarded through the UK’s Contract for Difference (CfD) scheme, SAE Renewables has secured crucial revenue certainty to accelerate development. CfDs are highly coveted by developers because they provide a fixed price for electricity generated, shielding projects from market volatility and enhancing bankability. In addition to this, the project has received a lease from the Crown Estate that unlocks a future capacity of up to 398 MW—a bold signal of regulatory confidence in MeyGen’s long-term value.

    This massive expansion capacity positions MeyGen as the world’s first commercial-scale tidal energy array, not simply an R&D initiative or one-off pilot. SAE Renewables is laying the groundwork for industrial-scale deployment, backed by real-world data, regulatory support, and a growing body of investor interest. The implications go far beyond a single project. As the global energy transition accelerates, nations and investors are looking for scalable, dependable technologies. Tidal energy’s time may have finally arrived, and MeyGen stands at its helm.

    SAE Renewables is not only building turbines, it’s building trust in tidal power as a serious component of future grids. The company’s experience from phase one—combined with the solid foundation of government backing, private capital interest, and technical capability—gives it a significant head start in what could become a multi-gigawatt global market. MeyGen is more than an energy project. It’s a flagship model for how to commercialise tidal energy at scale.

    As the world’s energy demands evolve, companies that combine proven performance with visionary expansion plans will command growing investor attention. SAE Renewables, through MeyGen, is demonstrating both. This is a project that isn’t just generating electricity, it’s generating momentum for an entire industry.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.

  • SAE Renewables and Econergy to develop 250MW battery project at Uskmouth

    SAE Renewables and Econergy to develop 250MW battery project at Uskmouth

    SAE Renewables Limited (LON:SAE), SIMEC Atlantis Energy Limited, and Econergy International Limited (Econergy) have entered a strategic joint venture to co-develop the AW2 250MW Battery Storage project at SAE’s Uskmouth Sustainable Energy Park (USEP).

    This partnership brings together two leaders in the renewable energy space, combining SAE’s experience in developing complex renewable energy generation and battery storage projects in the UK and its ownership of the highly strategic USEP site with Econergy’s deep expertise in battery storage construction, financing, and execution. Their combined experience ensures the project is well-positioned to move through the planning process and toward financial closure.

    As battery technology continues to progress, the team is designing the project for a duration of up to 5 hours, bringing the project’s total potential capacity to 1,250 MWh. The project aims to achieve planning permission within the next 12 months and financial close in 2027.

    The AW2 project will be the third battery storage project to be delivered at the USEP, which is one of the leading battery storage sites in the UK, with over 1GW of projects either in construction or development.

    SAE Renewables CEO Graham Reid commented:

    “This partnership is an ideal fit for both parties and for the project. We have a clear strategy to be an independent power producer, and we are delighted to be partnering with a company that has the same strategy. We look forward to working with Econergy to deliver this exciting project for our businesses, the community and our shareholders.”

    Econergy Head of Energy Storage, Joshua Murphy commented:

    “This JV with SAE marks a strategic milestone in Econergy’s continued expansion in the UK energy storage market. As we scale our energy storage portfolio across Europe, the AW2 project reflects our commitment to building critical infrastructure that supports the UK’s grid stability. Partnering with SAE at one of the UK’s most advanced energy hubs reinforces our ambition to be a leading force in delivering flexible, reliable, and sustainable power solutions.”

  • MeyGen’s AR1500 turbine sets new benchmark in tidal energy generation

    MeyGen’s AR1500 turbine sets new benchmark in tidal energy generation

    In a significant stride for renewable energy, the MeyGen tidal project in Scotland has achieved a remarkable milestone. The AR1500 turbine, a pivotal component of this initiative, has recorded its highest monthly electricity output since its inception, underscoring the immense potential of tidal energy as a reliable and sustainable power source.

    The MeyGen tidal energy project, situated in the Pentland Firth off Scotland’s northern coast, has long been at the forefront of harnessing the power of the sea. Developed by SAE Renewables, this ambitious venture aims to tap into the predictable and potent tidal currents of the region to generate clean electricity.

    In March 2025, the project’s AR1500 turbine achieved a record-breaking monthly output of 372 megawatt-hours (MWh) of electricity, marking the highest since its deployment in 2017. This achievement not only highlights the turbine’s efficiency but also reinforces the viability of tidal energy as a consistent contributor to the renewable energy mix.

    The AR1500 is a 1.5-megawatt horizontal-axis tidal turbine designed to operate in challenging marine environments. Its robust construction and advanced technology enable it to withstand the harsh conditions of the Pentland Firth while maintaining high performance levels. The turbine’s recent output equates to supplying hundreds of households with clean energy, solely from tidal currents.

    This milestone is a testament to the collaborative efforts of SIMEC Atlantis Energy, Proteus Marine Renewables, and other stakeholders involved in the project. Their combined expertise has ensured the turbine’s optimal performance and longevity, setting a precedent for future tidal energy endeavors.

    Beyond the AR1500’s success, the MeyGen project continues to expand its horizons. Plans are underway to introduce the next generation of turbines, such as the AR3000, which promise enhanced efficiency and greater energy output. These advancements are poised to solidify MeyGen’s position as a leader in tidal energy production.

    Tidal energy offers several advantages over other renewable sources. Its predictability, due to the consistent nature of tidal movements, allows for more accurate energy forecasting and grid integration. Additionally, the high energy density of tidal currents means that fewer turbines are required to produce significant amounts of electricity compared to wind or solar installations.

    The success of the AR1500 turbine serves as a compelling case study for investors and policymakers alike. It demonstrates that with the right technology and strategic location, tidal energy can play a crucial role in the global transition to sustainable energy sources.

    SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project. a hub for clean energy storage, SAE exemplifies innovative reuse of industrial sites for modern needs.