DirectorsTalk Interviews

Tag: SAE

  • Ocean currents drive returns

    Ocean currents drive returns

    Tidal energy is no longer a fringe idea. With cutting-edge turbines spinning beneath the waves, this sector is quietly engineering a revolution, and investors are paying attention. With government backing, proven technology, and long-term scalability, companies like SAE Renewables are transforming tides into consistent cash flows.

    The race to decarbonise global energy is accelerating, and tidal energy is rising to meet the challenge with unmatched reliability and innovation. Unlike solar or wind, tides are predictable to the hour, offering a level of consistency few renewables can match. With the demand for net-zero energy sources climbing, the stage is set for tidal pioneers to scale operations, increase grid integration, and deliver long-term value. Companies like SAE Renewables, Orbital Marine Power, and HydroQuest are building the infrastructure to capture the power of the oceans, turning previously untapped natural movement into bankable megawatts.

    SAE Renewables (formerly Simec Atlantis Energy) is a leading force in this transition. At the helm of the MeyGen project off the coast of Scotland, SAE operates one of the world’s largest tidal stream arrays. With over 70GWh of electricity exported to date, MeyGen has demonstrated not just the technical feasibility of tidal generation but its commercial viability. SAE is actively developing Phase 2 of the MeyGen site, targeting a 28MW expansion supported by the UK government’s Contracts for Difference (CfD) scheme—an initiative designed to stabilise revenues and de-risk renewable investments. This expansion would triple the site’s capacity, proving that tidal power is not just scalable but strategically bankable.

    Scotland continues to dominate in tidal innovation. Orbital Marine Power’s floating O2 turbine has been in operation in the Orkney Islands, delivering 2MW of power, enough for around 2,000 homes annually. With their next-gen O2-X turbines on the horizon, Orbital is aiming for a commercial array of 30MW, both at home and in export markets such as Nova Scotia and the U.S.

    HydroQuest, based in France, is also entering the spotlight. Their FloWatt project, backed by both national and EU support, plans to install 17.5MW of vertical-axis tidal turbines in Normandy by 2027. The momentum across Europe is further bolstered by the Morlais project in Wales, where multiple developers, including Nova Innovation and Magallanes Renovables, are deploying technologies across one of the largest designated tidal zones globally.

    The UK’s Severn Estuary, too, holds immense promise. A proposed tidal lagoon project could contribute up to 7% of the country’s electricity needs—while catalysing economic activity across the region. While initial government funding is crucial, the long-term investment potential is clear: a stable, renewable asset with national significance.

    Tidal energy is also making waves across the Atlantic. In Nova Scotia’s Bay of Fundy—home to the world’s highest tidal range—Nova Innovation is preparing to deploy a 1.5MW array. Supported by Canadian government funding, this project could act as a template for tidal energy scalability in North America.

    The global tidal and wave energy market is projected to reach \$1.3 billion by 2030, expanding at nearly 10% annually. Investors are beginning to realise the strategic advantages: minimal land use, low visual impact, and unparalleled predictability. With grid-scale potential and government-backed incentives now in place, tidal energy is shifting from demonstration to deployment.

    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.

  • Powering the future from the ashes of coal

    Powering the future from the ashes of coal

    In a bold move towards sustainable energy, the decommissioned Uskmouth B Power Station in Newport is set to be transformed into one of the UK’s largest battery energy storage facilities. This ambitious project not only signifies a shift from traditional coal-fired power generation but also positions Newport at the forefront of the renewable energy revolution.

    The Uskmouth B Power Station, once a symbol of coal-powered energy, is undergoing a significant transformation. Simec Atlantis Energy (SAE) is spearheading the development of a large-scale Battery Energy Storage System (BESS) on the site, aiming to harness and store renewable energy efficiently. The project has garnered substantial financial backing, including an £8.5 million loan from the Cardiff Capital Region’s Strategic Premises Fund, complemented by approximately £56.5 million in private investment .

    This initiative is not just about energy storage; it’s a comprehensive plan to revitalize the area economically and environmentally. The construction phase is expected to create over 500 jobs, including 37 apprenticeships, providing a significant boost to the local economy . Moreover, the project aligns with the Welsh Government’s commitment to achieving net-zero carbon emissions, offering a practical solution to balance the intermittency of renewable energy sources like wind and solar. =

    The BESS will utilize advanced technology to store excess energy during periods of low demand and release it during peak times, thereby stabilizing the grid and reducing reliance on imported electricity. This approach not only enhances energy security but also contributes to lowering energy costs for consumers. The facility’s design includes eco-friendly features, such as housing the batteries in green shipping-style containers, demonstrating a commitment to sustainability at every level . =

    Planning permission for the battery plant was granted in early 2024, with strong support from Newport City Council. Council leaders have highlighted the project’s potential to deliver cutting-edge infrastructure, foster skills development, and drive the growth of the green economy in the region . The site’s existing infrastructure, including a National Grid substation and railway facilities, further enhances its suitability for this transformative project =

    SAE’s vision extends beyond this initial project. The company plans to develop additional battery storage projects on the site, collectively capable of supporting approximately 3.5GWh of storage capacity. These future developments, named after the River Usk in Welsh—Afon Wysg 1 (AW1), AW2, and AW3—are scheduled to come online in stages, with AW1 expected in 2026 and AW3 in the 2030s .

    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.

  • Invest in the future of energy with SAE’s £60m battery storage project

    Invest in the future of energy with SAE’s £60m battery storage project

    SAE’s innovative £60 million battery storage project at the former Uskmouth Power Station in Newport is set to transform the UK’s energy landscape. This strategic initiative not only repurposes a historic coal-fired site but also positions SAE at the forefront of the renewable energy sector, offering investors a compelling opportunity in the rapidly expanding battery storage market.

    SAE’s ambitious plan to convert the decommissioned Uskmouth Power Station into one of the UK’s largest battery energy storage facilities marks a significant milestone in the nation’s transition to sustainable energy. The £60 million investment underscores SAE’s commitment to leveraging existing infrastructure for modern energy solutions, aligning with broader environmental goals and offering substantial potential returns for investors.

    The Uskmouth project is designed to store excess electricity generated from renewable sources like wind and solar, releasing it during peak demand periods. This capability is crucial for stabilizing the grid and ensuring a consistent energy supply, addressing one of the primary challenges in renewable energy integration.

    SAE has successfully secured funding to advance this project, demonstrating strong financial backing and confidence in its execution. The company’s proactive approach in obtaining necessary approvals and engaging with stakeholders reflects a well-structured plan poised for timely implementation.

    The strategic location of the Uskmouth site offers logistical advantages, including existing grid connections and proximity to renewable energy generation sites. This enhances the project’s efficiency and reduces additional infrastructure costs, further solidifying its investment appeal.

    As the UK government emphasizes the importance of energy storage in achieving net-zero emissions, projects like SAE’s Uskmouth facility are positioned to benefit from supportive policies and potential incentives. The growing demand for reliable, clean energy solutions presents a favorable market environment for such developments.

    SAE’s initiative not only contributes to environmental sustainability but also offers economic benefits, including job creation and regional development. By transforming a former coal power station into

    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 Secures Key Loan to Accelerate Battery Storage Progress – Longspur Research

    SAE Renewables Secures Key Loan to Accelerate Battery Storage Progress – Longspur Research

    SAE Renewables (LON:SAE) is further progress towards a cleaner energy future, thanks to a significant financial boost that supports the early stages of its ambitious battery energy storage projects. In a recent note from Longspur Research, analyst Adam Forsyth highlights how a timely £8.5 million loan from Cardiff Capital Region’s Strategic Premises Fund is helping the company firm up progress on its 240MWh AW1 battery energy storage system (BESS) project.

    This early funding allows SAE Renewables to get ahead of the game by securing long lead items, including the crucial 132kV transformer. With persistent supply chain challenges, this strategic move adds welcome certainty to the project timeline and lays the groundwork for a successful financial close in the coming months.

    Forsyth sees this development as pivotal, stating, “We see this new loan as providing a key element of de-risking adding to the recent win in the Capacity Market auction.” His insight underscores the growing investor confidence in SAE’s forward-looking energy infrastructure strategy.

    Another promising sign for the future is that this isn’t just a one-off investment. The second tranche of the loan will be unlocked once the 500MWh AW2 project obtains planning approval, expected later this year. Importantly, grid connections — a common stumbling block in battery storage — are already secured for both projects.

    Repayment of the loan will be managed through initial distributions from AW1 and proceeds from the AW2 land lease, further strengthening SAE’s financial outlook as it brings these developments online.

    On a Final Note

    SAE Renewables is laying solid foundations for long-term success in the battery storage sector, underpinned by timely financial support and strategic planning. With critical components already being secured and planning milestones clearly in sight, the company is well-positioned to lead in the energy transition. Longspur Research’s positive outlook reflects the broader momentum building behind SAE’s renewable ambitions.

  • £8.5m loan powers major battery storage project in Wales

    £8.5m loan powers major battery storage project in Wales

    A powerful new chapter is being written for South East Wales as a disused power station is reborn into a flagship hub for clean energy storage, unlocking economic growth and national energy resilience.

    A landmark investment is fuelling the transformation of Newport’s Uskmouth Power Station into one of the UK’s most ambitious Battery Energy Storage System (BESS) projects. Cardiff Capital Region (CCR) has provided an £8.5 million commercial loan to Simec Atlantis Energy (SAE) to accelerate the delivery of the Afon Wysg 1 (AW1) scheme—kickstarting a sustainable redevelopment with national implications.

    Delivered through CCR’s Strategic Premises Fund and managed by CBRE Lending, the funding represents a pivotal step in realising the site’s potential. It supports critical early-stage development, including pre-construction works and site infrastructure, alongside a substantial £56.5 million injection of private sector capital. These combined investments will fund battery equipment, grid connectivity, and construction, putting the project on the fast track to becoming operational.

    At the heart of this initiative lies a flagship 240MWh battery storage facility with capacity to scale up to 480MWh. When fully developed, the Uskmouth Sustainable Energy Park (USEP) will offer a total site capacity of 3.5GWh—making it one of the largest BESS facilities in the country. This will enable electricity to be stored when it is most affordable and released when demand surges, helping to lower energy costs, stabilise the national grid, and reduce reliance on imported electricity.

    More than a technological leap, the Uskmouth project represents a catalyst for inclusive regional growth. Over 500 jobs are forecast across the development’s lifecycle, including 37 apprenticeships. Welsh-based contractors and a local supply chain will be engaged, ensuring the economic value is retained within South East Wales. The initiative aligns seamlessly with CCR’s Regional and Economic Industrial Plan, which champions green energy and high-quality job creation across the region.

    Crucially, this is a repayable commercial loan with interest, rigorously assessed through a two-stage approval process. It safeguards public funds while enabling long-term impact, with repayments reinvested back into future regional opportunities. The Strategic Premises Fund has a proven track record in catalysing growth through previous investments in ventures such as Pulse Plastics in Ebbw Vale, Great Point Seren Studios and John Street in Cardiff, and Tŷ Hotels in Newport.

    Cllr Andrew Morgan OBE, Portfolio Lead for the Fund, highlighted the project’s multifaceted value: from boosting energy resilience to delivering social, environmental and economic returns. He underscored the potential unlocked when public and private sectors collaborate to address modern infrastructure challenges.

    Echoing this sentiment, Cllr Dimitri Batrouni, Leader of Newport Council, spoke of the wide-reaching benefits for the city and its residents—including cutting-edge green infrastructure, new career pathways for young people, and momentum for regional ambitions in the clean energy economy.

    Michael Coutts, Associate Director at CBRE Lending, added that this investment is a testament to the Fund’s versatility and impact across multiple sectors, reflecting CCR’s broader mission to drive sustainable employment and regeneration.

    SAE CEO Graham Reid welcomed the funding as a critical milestone in the company’s strategy to become a leading developer, owner, and operator of sustainable energy assets. He confirmed that securing financial close for AW1 remains a top priority for 2025, as the company pursues a growing pipeline of renewable infrastructure projects.

    By breathing new life into a former coal-fired site, this project transforms industrial legacy into future-ready energy innovation, marking a bold shift for both SAE and the South Wales energy landscape.

    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.

  • SAE Renewables secures £8.5m loan for AW1 battery project

    SAE Renewables secures £8.5m loan for AW1 battery project

    SAE Renewables Limited (LON:SAE), SIMEC Atlantis Energy Limited, has secured a £8.5m loan from Cardiff Capital Region’s (CCR) Strategic Premises Fund. The loan will be used to facilitate the Afon Wysg 1 Battery Storage project (AW1), at the Uskmouth Sustainable Energy Park .

    The AW1 project is a 240MWh project with the ability to increase to 480MWh and is the flagship project at the USEP, which has the potential to be one of the largest Battery storage sites in the UK. The site is recognised as key to unlocking an economic, environmental and social revival around Uskmouth and beyond.

    The loan will be provided in two tranches. The initial tranche can be drawn down prior to AW1 financial close and enables SAE to order long-lead items, such as the 132kV transformer, that are being ordered before financial close to give certainty over the AW1 programme.

    The first tranche also allows SAE to pay Enso Green Holdings Limited the £3.85m deferred consideration, announced in August 2024, ahead of the originally intended payment date of financial close.

    The second tranche will become available when the AW2 project receives planning permission, which is expected later in 2025. 

    The loan is provided on commercial terms, with repayment due by 30 June 2028. The loan is intended to be repaid from two sources: the initial distributions from the AW1 project and the monetisation of the AW2 project land lease, which is due to take place around the financial close of the AW2 project.

    SAE Renewables CEO Graham Reid commented:

    “We would like to thank all those involved at CCR and all our supporters who have helped secure this loan. This is a strategic investment in a critical project for the region.

    In 2024, we launched our strategy, which sets out a path to deliver a pipeline of projects to achieve our goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for our shareholders. The delivery of the AW1 project is key to delivering this strategy, and everyone at SAE is focused on achieving financial close for our flagship AW1 project, which we aim to reach in the next few months.”

  • Tidal power breakthrough puts SAE Renewables on global investor radar

    Tidal power breakthrough puts SAE Renewables on global investor radar

    SAE Renewables has once again demonstrated its leadership in tidal energy innovation. The company’s MeyGen project has achieved a significant milestone, reinforcing its position at the forefront of renewable energy solutions.

    SAE Renewables, a pioneer in tidal energy, has recently celebrated a notable achievement at its flagship MeyGen project. The project, located in the Pentland Firth, Scotland, has reached full operational capacity, delivering 6MW of predictable, renewable power. citeturn0search2 This accomplishment underscores the company’s commitment to harnessing tidal energy as a reliable and sustainable power source.

    The MeyGen array, comprising four 1.5MW turbines, has been instrumental in this success. Notably, the site has become the first tidal stream array globally to generate 50GWh of electricity, a testament to SAE Renewables’ engineering prowess and operational excellence. This milestone not only highlights the viability of tidal energy but also positions the company as a leader in the renewable energy sector.

    SAE Renewables’ innovative approach extends beyond tidal energy. The company is actively developing battery energy storage solutions, such as the Uskmouth Sustainable Energy Park in South Wales and the proposed Mey BESS project in Scotland. These initiatives aim to enhance grid stability and support the integration of renewable energy sources, further solidifying SAE Renewables’ role in the transition to a sustainable energy future.

    With a strategic focus on combining tidal energy generation with advanced storage solutions, SAE Renewables is well-positioned to meet the growing demand for clean and reliable power. The company’s continued investment in research and development, coupled with its commitment to operational excellence, makes it an attractive prospect for investors seeking opportunities in the renewable energy market.

    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.

  • SAE Renewables welcomes Cabinet Secretary to one of the largest Battery Storage sites in the UK

    SAE Renewables welcomes Cabinet Secretary to one of the largest Battery Storage sites in the UK

    SAE Renewables (LON:SAE) was delighted to welcome Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning to its Uskmouth Sustainable Energy Park (USEP). The Cabinet Secretary was able to see the significant progress being made in delivering one of the UK’s largest battery energy storage sites and our vision for USEP, which will provide security of electricity supply for the region and facilitate the development more renewable energy generation, as well as support the region in becoming a leader in AI by facilitating the development of data centres. 

    The USEP is utilising the existing infrastructure from decades of operation of coal fired power stations at the Uskmouth site. The Cabinet Secretary saw how all of the electrical grid infrastructure needed was already in place and was able to see how batteries for the first battery storage project have already  been delivered to site via USEP’s own railway line, reducing the impact on local roads and the environment.

    The USEP is a key enabler for economic growth and supporting the Welsh Government’s decarbonisation targets. The progress in delivering over 3.5GWh of Battery Storage will be vital as the area looks to maintain and attract investment, especially in new technologies and specifically AI. 

    CEO Graham Reid said: “Our strategy is completely aligned with Government policy, and we were delighted to be able to discuss the role that USEP plays with the Welsh Government. I would like to thank the Cabinet Secretary for her support and time in helping unlock investment and supporting the delivery of our vision at USEP.”

    Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans said: “The repurposing of this former coal-fired power station demonstrates exactly the kind of innovative, sustainable development we want to see in Wales, creating new opportunities while helping us meet our decarbonisation goals. The scale of battery storage being delivered at Uskmouth Sustainable Energy Park will support our move toward using renewable energy to meet our energy demand.

    “Sites like this are absolutely critical for providing the low-carbon flexibility we need and will play a vital role in maintaining our network security through rapid response services, while supporting the wider integration of renewables across our electricity grid.”

    SAE Renewables
    SAE Renewables Rebecca Evans
  • SAE Renewables secures 15-year contract in Capacity Round Auction

    SAE Renewables secures 15-year contract in Capacity Round Auction

    SAE Renewables Limited (LON:SAE) has announced it has secured a 15-year contract to provide vital, reliable electricity for the National Grid in the latest T-4 Capacity Market Auction Round through its 120MW AW1 Battery Storage project SAE will be paid £60/kW/year for the duration of the contract.

    The Capacity Market ensures the security of electricity supply by providing a payment for reliable sources of capacity.

    Success at the Auction provides an additional and fixed revenue stream for the Project and is an important component as SAE works towards financial close of its flagship AW1 Battery Project at the Uskmouth Sustainable Energy Park (“USEP”).

    SAE Renewables recently released a video animation highlighting the scale and benefits of the USEP site:

    The results are subject to confirmation by the Secretary of State for Energy Security and Net Zero, which is due by the 24th March.

  • SAE Renewables CEO sets out vision for Uskmouth Sustainable Energy Park

    SAE Renewables CEO sets out vision for Uskmouth Sustainable Energy Park

    SAE Renewables Limited (LON:SAE), SIMEC Atlantis Energy Limited, is the owner, developer and operator of the USEP. The site has been home to electricity generation for over 50 years but the way electricity is generated and used is changing and SAE is proud to be leading that change. SAE is transforming Uskmouth into one of the largest Battery Storage sites in the UK to help support the energy transition to Net Zero while ensuring vital energy security and facilitating the increase of renewables.

    Graham Reid, CEO of SAE Renewables, sets out the Company’s vision for the site:

    “The Uskmouth site has always inspired me. As an engineer, I see the craftsmanship, passion and effort that has gone into creating this site and ensuring its vital operation for over five decades. I want to do all in my power to build on this legacy and redevelop the site to ensure that its purpose of serving our community and unlocking economic and social growth continues. For SAE, batteries are the key to unlocking this and the site is capable of supporting over 3.5GWh of Battery Storage projects. We already have one Battery Storage project in construction in the USEP, and while we sold that project prior to construction, it delivered vital revenue for our business that has enabled us to put the foundations in place to realise our vision for a broader Sustainable Energy Park.

    We are totally focussed on building, owning and operating the next three Battery Storage projects at USEP, named after the River Usk, in Welsh Afon Wysg – “AW1”, “AW2” and “AW3”.

    However, our vision goes beyond Battery Storage and I wanted to share, with our shareholders, stakeholders and partners, the possible future opportunities.

    We recognise that technology, specifically AI, is a huge growth sector. This growth is exciting, and the UK has clear ambitions to benefit from this growth, but the technology requires large areas of land for data centres, electrical grid access with a guaranteed continuous supply of electricity, and rail and road connections to bring in the materials for construction. We have all these components at Uskmouth.

    Amongst the key challenges are that AI and big data require substantial amounts of power with a very high degree of reliability, which can only be guaranteed by having on site power generation or Battery Storage to supplement grid supply. Uskmouth’s access to the national electricity grid and SAE’s plans to develop significant Battery Storage capacity that will ensure continuous power supply on site, making the USEP an ideal location for the development of data centres that will power the AI revolution.

    Internationally, the developers of these vast data centres are speaking to developers of Small Modular Nuclear Reactors and other sustainable power generators to unlock these investments.

    SAE is already in discussions about facilitating the development of data centres powered by reliable and sustainable energy generation, putting USEP at the forefront of technological development in the UK. While these discussions are at an early stage, there is great interest in investing in and around our site meaning the opportunity is vast. A fully realised USEP could create hundreds of jobs in construction for over a decade and unlock thousands of wider jobs in power generation and associated industries.

    The team at SAE, Uskmouth’s local politicians and our partners at Uskmouth can see this opportunity. We all understand that this is some years off, but the next and critical step is delivering the first AW1 project. This is the key to unlocking an economic, environmental and social revival at Uskmouth, and beyond.”

    Jessica Morden MP for Newport East, commented:

    “The growth of Newport’s economy as a key player in the industries of the future will depend on access to power, and, when fully realised, SAE’s Uskmouth site will play a key part in that, storing and generating clean, renewable energy that could be fed directly into the grid to power data centres and the city’s semiconductor cluster.

    As what will probably be the biggest battery storage site in the UK, this is yet another area where Newport is leading the way.”

    Councillor Dimitri Batrouni, Leader of Newport City Council commented:

    “The rebirth of Uskmouth power station is critical to Newport. Newport’s present and future in the semiconductor, data and AI space is extremely promising, but its growth is dependent on a reliable, sustainable and expandable energy source. This is where Uskmouth fits in. If the plans outlined are realised, Uskmouth will once again play a significant role in driving the city’s, and the region’s, economic growth, providing jobs and wealth for the area.”

  • Equity Research Reports Latest on UK Stocks

    Equity Research Reports Latest on UK Stocks

    Keeping up with the latest equity research reports can provide valuable insights into market trends and investment opportunities. Below, we highlight recent reports on UK stocks from reputable analysts, offering key takeaways and links to the full articles for further reading.

    Tekmar Group: A Promising Turnaround Story – Cavendish Capital Markets

    Tekmar Group is undergoing a notable transformation, with analysts at Cavendish Capital Markets recognising its potential for a strong recovery. The company has been making strategic moves to enhance its financial position and operational efficiency, suggesting a positive outlook for investors. Read more about Tekmar Group’s turnaround strategy here: Tekmar Group: A Promising Turnaround Story

    Strix Group: A Positive End to the Year Signals Stronger Prospects – Equity Development

    Strix Group has closed the year on a high note, with encouraging financial results and a solid growth trajectory. Analysts at Equity Development highlight the company’s improving prospects and its ability to navigate market challenges effectively. Learn more about Strix Group’s outlook here: Strix Group: A Positive End to the Year

    One Health Group: Delivers Robust Growth and Bright Prospects – Panmure Liberum

    One Health Group continues to demonstrate strong performance, with Panmure Liberum analysts noting significant growth and a promising future. The company’s ability to expand its services and capitalise on industry demand makes it a compelling stock to watch. Discover the full analysis here: One Health Group: Robust Growth and Bright Prospects

    SAE Renewables: Final Payment for Uskmouth BESS Project – Zeus Capital

    SAE Renewables Limited has successfully secured the final payment for its Uskmouth BESS project, reinforcing its financial stability and growth potential. Analysts at Zeus Capital outline the significance of this milestone and its impact on the company’s future. Read more about SAE Renewables here: SAE Renewables: Final Payment for Uskmouth BESS Project

    Diversified Energy: Expands with Maverick Acquisition – Jefferies

    Diversified Energy is expanding its portfolio with the acquisition of Maverick, a move that Jefferies analysts view as a strategic step for long-term growth. This acquisition strengthens the company’s position in the energy sector and provides additional revenue streams. Read the full report here: Diversified Energy: Expands with Maverick Acquisition

    These latest equity research articles help provide a deeper understanding of UK stocks and their potential trajectories. For investors and market watchers, staying informed with expert analysis can be crucial in making well-informed decisions. Explore the full report articles through the links above to gain further insights into these companies’ future prospects or find all our report articles here.

  • SAE Renewables Limited Receives Final Payment for Uskmouth BESS Project – Zeus Capital

    SAE Renewables Limited Receives Final Payment for Uskmouth BESS Project – Zeus Capital

    SAE Renewables Limited (LON:SAE) has taken a significant step forward in its energy ambitions with the receipt of a £1.3 million payment tied to the Uskmouth Battery Energy Storage System (BESS) project. This payment, triggered by the delivery of 10% of the project’s batteries to the site, marks another key milestone for the 460MWh (230MW) project.

    Daniel Slater, CFA, Research Analyst at Zeus Capital, views this development positively, stating:
    “Successful progress, completion, and operation of the initial 230MW project will help further demonstrate the viability of the other Uskmouth projects in SAE’s portfolio, potentially helping attract new project partners, and possibly beginning to persuade the stock market to attribute more value to the projects in the share price.”

    This milestone highlights SAE’s growing expertise in renewable energy projects and boosts its financial position, providing further resources to pursue its innovative BESS and tidal energy portfolios. According to Zeus Capital’s analysis, the Uskmouth site alone has the capacity to accommodate up to 926MW of new BESS projects, with the potential for future expansion of the initial project to 350MW.

    Looking ahead, SAE aims to retain equity stakes in future projects, a strategy expected to create long-term value. Alongside its BESS endeavours, SAE also holds the pioneering MeyGen tidal stream project in Scotland, which offers a 6MW capacity with significant expansion potential of up to 59MW under existing Contracts for Difference (CFD) support.

    In Closing
    The receipt of the final Uskmouth BESS payment underscores SAE Renewables Limited’s commitment to advancing renewable energy solutions. With strategic progress in both battery storage and tidal energy, SAE is poised for long-term success. Investors and stakeholders will be keenly watching the next steps, including the completion of the 230MW project and future developments at Uskmouth and beyond.

  • SAE Renewables receives final payment from Battery project at Uskmouth

    SAE Renewables receives final payment from Battery project at Uskmouth

    SAE Renewables Limited (LON:SAE) has announced it has received the final payment of £1.25m under its agreement with EL (Uskmouth) Limited, a subsidiary of FPC Electric Land.

    On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of £9.8m. The land is being used for a 460MWh Battery project being constructed by Uskmouth Energy Storage Limited. The EL land represents only a small proportion of the land owned by SAE at the Uskmouth site available for Battery development projects.

    The final payment was received on 20 January, following the successful delivery of 10% of the batteries for the 460MWh project. The first £5.0m payment was received on 28 March 2024, the second £2.0m payment was received on 28 May 2024 and the third £1.5m payment was received on 22 November 2024.

    The development, sale and land agreement has delivered vital revenue for SAE, which has been key to enabling the development of a significant portfolio of Battery projects at the USEP and near its site in Mey, Scotland.

    While Uskmouth Energy Storage Limited constructed the first Battery project, SAE gained valuable experience and knowledge of site preparation, delivery and installation, for its future projects. This experience is another important step in delivering its strategy: “Building a Sustainable Future to 2035”. The Company’s strategy is to deliver a significant pipeline of projects to achieve its goal of being a leading sustainable project developer, owner and operator, ensuring long-term value for its shareholders.

    Graham Reid, CEO of SAE, commented:

    “We would like to congratulate all those involved in getting this project to this significant milestone. We have been absolutely focused on achieving this milestone, as this will help us to unlock one of the most exciting battery storage sites in the UK and deliver on our strategy. We are now working towards delivering the next battery projects at our site and being a leading sustainable project developer, owner and operator.”

    SAE recently released a video animation highlighting the scale and benefits of the USEP site.

  • Best UK Energy Shares 2025

    Best UK Energy Shares 2025

    Discover six of the best UK energy shares to buy in 2025 listed on the LSE. They all benefit from strong investment cases and clear growth strategies to make 2025 a transformative year. DirectorsTalk brings investors the latest news, exclusive interviews with CEOs and insights from equity research analysts that enable investors to make more informed investment decisions.

    SAE Renewables (LON:SAE) is the owner of the land, grid connection, Battery Energy Storage Systems, infrastructure and existing power station at the Uskmouth site in Newport, South Wales. SAE also operates the MeyGen project in Scotland – the largest planned tidal stream project in the world.

    Quadrise (LON:QED) is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications, and in international shipping in particular.

    Challenger Energy Company (LON:CEG) is a Caribbean and Atlantic margin focused oil and gas company, with a range of petroleum assets located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay.

    Diversified Energy Company (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids in the United States. The company is a constituent of the FTSE 250 Index on the LSE.

    Although Valeura Energy (TSE:VLE) is a Canadian-based upstream oil and gas company, with assets in the Gulf of Thailand and the Thrace Basin of Turkey, it’s an energy company well worth taking a look at.

    Drax Group (LON:DRX), trading as Drax, is a power generation business listed on the FTSE250. The principal downstream enterprises are based in the UK and include Drax Power Limited, which runs the biomass fuelled Drax power station, near Selby in North Yorkshire.

    SAE Renewables Limited

    SAE Renewables Reaches Key Milestone in Battery Storage Innovation, Longspur Research Comments

    Quadrise plc

    Quadrise Expands with Promising Partnership in Panama – Insights from Shore Capital

    Challenger Energy plc

    Challenger Energy CEO Discusses Chevron Deal and Upcoming Projects in Uruguay (VIDEO)

    Diversified Energy Company plc

    Diversified Energy CEO on LNG deal, hedging and market outlook (LON:DEC)

    Valeura Energy Inc.

    Valeura Energy Positioned for Growth with Strong Production and Reserves Upside

    Drax Group plc

    Drax Group’s New Deal Fuels Sustainable Growth – Longspur Research
  • SAE Renewables achieves full power at MeyGen tidal stream site

    SAE Renewables achieves full power at MeyGen tidal stream site

    SAE Renewables Limited (LON:SAE) has announced 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 Renewables, 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.”

  • SAE Renewables Reaches Key Milestone in Battery Storage Innovation, Longspur Research Comments

    SAE Renewables Reaches Key Milestone in Battery Storage Innovation, Longspur Research Comments

    SAE Renewables (LON:SAE) continues to make significant strides in the renewable energy sector with the announcement of a key milestone payment on its Uskmouth battery energy storage project. The company has received a £1.5 million penultimate payment as part of the £9.8 million consideration for its flagship 230MW (460MWh) battery storage initiative at Uskmouth in Wales. With £7.0 million already received, this development brings SAE Renewables closer to final settlement, which will follow the delivery of the first 10% of the project’s battery capacity.

    This milestone not only highlights the company’s financial progress but also validates its capacity to leverage the immense energy storage potential across its strategic sites. The Uskmouth project alone boasts an impressive future capacity of 719MW (2,876MWh), complemented by 207MW (828MWh) potential at the MeyGen site in Scotland.

    Adam Forsyth of Longspur Research commented: “This initial deal proves the potential of the company’s energy storage opportunity, with vast capacities at Uskmouth and MeyGen providing the ability to transform existing grid connections into revenue-generating battery storage projects.”

    The company’s focus on battery storage reflects its commitment to integrating innovative solutions that maximise grid utility while contributing to a greener energy landscape. SAE Renewables is positioning itself as a leader in the next generation of renewable energy systems, harnessing its operational expertise and proven project development track record.

    In Summary
    SAE Renewables’ progress at Uskmouth is a testament to the company’s vision and capabilities in delivering large-scale energy storage projects. With substantial potential across both its Uskmouth and MeyGen sites, the company stands at the forefront of advancing renewable energy infrastructure. The latest milestone payment not only underscores its financial viability but also reinforces confidence in its strategy for future growth.

    As SAE Renewables continues to expand its innovative energy solutions, the industry eagerly anticipates its next advancements in the renewable energy space.

  • SAE Renewables receives penultimate milestone payment of £1.5m for BESS project

    SAE Renewables receives penultimate milestone payment of £1.5m for BESS project

    SAE Renewables Limited (LON:SAE) has announced it has received the penultimate milestone payment of £1.5m under its agreement with EL (Uskmouth) Limited (EL), a subsidiary of FPC Electric Land.

    On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE to EL, for a milestone-linked total gross cash consideration of £9.8m. The land is being used for a 460MWh (230MW) BESS being constructed by Uskmouth Energy Storage Limited. The EL land represents only a small proportion of the land owned by SAE at the Uskmouth site available for BESS project development. The milestone payment was received following the successful completion of civil works at the site.

    Today’s announcement marks the third milestone payment. The first £5.0m payment was received on 28 March 2024, and the second £2.0m payment was received on 28 May 2024.

    SAE looks forward to the continued good progress being made on the project. The final milestone will be paid following the delivery of 10% of the batteries for the project.

    SAE recently released a video animation highlighting the scale and benefits of the USEP site:

  • SAE Renewables partners with industry leaders to expand MeyGen to 65MW

    SAE Renewables partners with industry leaders to expand MeyGen to 65MW

    Further to the announcement by Proteus Marine Renewables (PMR) that it has signed an MoU with SKF Marine and GE Vernova’s Power Conversion business (the Alliance), setting out a framework for the supply of tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt tidal stream projects, SAE Renewables Limited (LON:SAE) has announced that it is working with the Alliance, which comprises the biggest names in the tidal sector, towards bringing about the next phase of SAE’s MeyGen project.

    MeyGen is the largest tidal stream facility in the world and the next phase will see the project increase its operational capacity from 6MW to 65MW. MeyGen continually accounts for over 70% of the global tidal stream total output. SAE Renewables is working with the Alliance towards delivery of the project utilising the world’s most powerful tidal stream turbine.

    A major factor in SAE working with the Alliance is their combined commitment to invest and grow their team and invest in assembly and manufacturing in Scotland. The next phase will see the delivery of a turbine facility to manufacture the world leading 3MW turbine in Scotland, which would deliver hundreds of jobs and demonstrate that tidal is able to deliver real investment when it is backed.

    SAE Renewables will work with Proteus, GE Vernova and SKF Marine, alongside project partners, to ensure the delivery of this vital project.

  • SAE Renewables welcomes politicians to Uskmouth Sustainable Energy Park

    SAE Renewables welcomes politicians to Uskmouth Sustainable Energy Park

    SAE Renewables Limited (LON:SAE) was delighted on Friday 1 November 2024, to welcome Jessica Morden, the Member of Parliament for Newport East, John Griffiths, the Member of the Senedd for Newport East, and Dimitri Batrouni, the Leader of Newport City Council, to the Uskmouth site. SAE Chairman, Duncan Black, and CEO, Graham Reid, along with senior SAE team members, welcomed the politicians to the Uskmouth Sustainable Energy Park.

    SAE has been transforming the Uskmouth site. Once home to a coal fired power station, SAE has utilised the existing infrastructure, land and grid connection to turn it into one of the largest Battery Storage sites in the UK. With one project already in construction and the next due to start construction next year, SAE is making rapid progress in the delivery of over 2GWh of Battery Storage projects, with the potential to expand to over 3.5GWh in the future with longer duration batteries in the future.

    The politicians were able to talk about the benefits the regeneration is bringing to the area. With the huge growth in renewable power and the need to decarbonise vital heavy industries, the demand for Battery Storage to support this is critical. The SAE team explained how the Uskmouth Sustainable Energy Park is a major component in unlocking new development opportunities in the region and will help to deliver jobs, investment and vital energy services.

    SAE Renewables CEO Graham Reid commented: “We were delighted to be able to host the politicians at our Uskmouth Sustainable Energy Park and showcase how we are delivering an exciting future for the site. It is fantastic to receive their continued support and talk about ways we can maximise the benefits and opportunities for the local area.”

    Jessica Morden MP commented: “It was great to visit the sustainable energy park here in Newport East today. This is a fantastic example of a site transformed from traditional energy production to one supporting energy sources for the twenty-first century and helping the country transition to net zero.”

    John Griffiths MS commented: “The Uskmouth Power Station and the surrounding land has played an important part in Wales’ energy capacity and history over the years. But as we look towards the future, we must be looking at how we use renewables – and that’s why SAE’s plans for the site with new technologies developing all the time are very exciting ones.

    “These ambitious proposals can also be a great opportunity to create well paid and highly skilled local jobs – and I look forward to working with the company, supported by the city council, in making this a Newport success story.”

    Dimitri Batrouni, Leader of Newport City Council commented: “It was extremely interesting to hear of the company’s plans for the site and how it is being adapted to meet the changing requirements of our modern world.

    “Uskmouth Power Station once played a vital role in the local economy and the city will need its energy in the future to meet our energy demands. I look forward to the site reaching its potential of becoming important again to the growth of the sustainable energy industry and helping to deliver local investment and employment once again.”

    The politicians were shown a video of the plans for the site, which can be viewed here:

  • Green Economy Mark Stocks – Latest News

    Green Economy Mark Stocks – Latest News

    The Green Economy Mark identifies companies with significant revenue from products and services that contribute to the green economy. This article delves into the latest updates from prominent Green Economy Mark stocks like CyanConnode Holdings, SAE Renewables, and Ilika. These companies are setting industry standards in sustainable energy, advanced battery technologies, and IoT communications, furthering the growth of the UK’s green economy while meeting increasing demand for eco-conscious solutions.

    The Green Economy Mark (left) identifies London-listed companies and funds that generate between 50% and 100% of total annual revenues from products and services that contribute to the global green economy.

    CyanConnode Holdings plc (LON: CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.

    CyanConnode receives $1 million follow-on order in MENA

    SAE Renewables (LON:SAE)

    SAE aims to be a global leader in the creation of new, sustainable energy projects for the benefit of our planet. 

    SAE Renewables Demonstrates Robust Growth and Future Promise with H1 2024 Results

    Ilika plc (LON:IKA) is a pioneer in solid state battery technology, enabling solutions for applications such as Industrial IoT, MedTech, Electric Vehicals and Consumer Electronics.

    https://www.directorstalkinterviews.com/ilika-plc-a-new-era-in-solid-state-battery-innovation-%e2%80%93-2024-investor-presentation/4121175479

    Firering Strategic Minerals plc (LON:FRG) is an AIM-quoted mining company focused on becoming a near-term cash generating producer of Quicklime, through their Limeco Project in Zambia, whilst at the same time progressing with the exploration and development of their Atex Lithium Project, Côte d’Ivoire.

    Firering Strategic Minerals Expands Resource Potential: An Interview with Vassilios Carellas (VIDEO)

    BSF Enterprise plc (LON:BSFA)

    The owner of pioneering UK-based clinical and cellular agriculture company 3D Bio-Tissues, is unlocking the next generation of biotech solutions. It is achieving this through an acquisition-led growth strategy to drive the development of lab-grown tissues. 

    BSF Enterprise: Biotech innovations and Sustainable solutions (LON:BSFA)

    Biome Technologies plc (LON: BIOM)

    Fast-growing leading developer of highly-functional, naturally-based plastics. Plant-based bioplastics provide a more sustainable alternative to purely oil-based products and are 100% biodegradable and compostable.

    Biome Technologies’ Stanelco RF awarded new contract