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Re-reading the business update from December 5th - it mentions a total capacity of 1 GW of BESS Projects at Usk.
Can anyone check my RNS analysis + maths here?
1. First BESS Project = 230 MW + todays 120 MW expansion = 350 MW
2. Second BESS Project = talks underway with a developer … 249 MW .. more info from SAE on this would be good.
3. Third BESS Project = Grid Capacity of 349 MW has been secured. No mention of developer yet. Again I’ll be keeping an eye out for future updates from SAE on progress.
So Total at Usk = 350 MW + 249 MW + 349 MW = 958 MW
I’m at little confused by this excerpt -
“ Furthermore, the first BESS project has rights under agreements with SAE to expand from 230MW to 349MW. This brings the total potential capacity at USEP for BESS projects to over 1GW.”
My first thought is that the mentioned expansion of first BESS from 230 - 349 MW - is referencing the extension that just got planning permission today - as opposed to an additional 129 MW. OT, Strangy & MT would be keen to check if that’s your understanding.
Also I'm keen to hear an update on the 200 MW BESS at meygen.
That’s potentially 3 further BESS projects that are in the works on top of the progress made today regarding the 1. BESS 230 + 120 extension.
Which reads as 1.2 GW of BESS. That would be a fine day if all are concurrently operational and monetising energy transfer to the grid.
I assumed it was 349 (230+119) Bess 1
120 for 2nd Bess.
349 for next Bess.
So I have it at 818?
There is some confusion somewhere either in the maths or the way it was explained on 5th December RNS.
Like you, not straightforward to understand.
Thanks for the reply Strangy. I’d vote to add you to the comms team any day. 🫡
If SAE read this blog. A update with a table of BESS projects / MW / developers / sites / dates / total capacity would be most helpful.
Regards,
GUNE
Morning chaps good to get an RNS although more details on the contract with ENSO would have been appreciated.
Regarding the capacity of BESS at Uskmouth I agree with Stangys calculation it is also possible that similar to the 1st BESS project the 2nd one could be expanded to make up to the 1GW ?
I'm unsure as to the complexity of upgrading to a 2GW BESS project nearing the time we meet our limit other than planning consent of course. Would this be at all feasible with site conditions, space etc do people here know what possibilities are?
Keltickilla
The most probable route for expansion would be storage duration currently a 2hour cycle ie the batteries can provide 2 hours of supply before needing to recharge.
However 3 hour storage batteries are now available so 120mw/240mw would then become 120mw/360mw hope that makes sense .
For info..a reply from Sae Renewables.
Just to clarify the RNS says the 349 is additional. So brings it to 1067 (over 1GW!):
120MW cooling towers site
249 plus additional grid secured for 349
Plus expansion from 230 to 349
Hope that makes sense and thanks for your continued interest in our projects.
Thanks Strangy. Really good news. As I say, for me it’ll be a good day when all 1GW is operational and monetised.
Plus I was pleased to hear they’re planning a 200MW BESS at the MeyGen site.
Don’t suppose there’s been any figures yet which relate to the forecasted/estimated economics these BESS will generate from selling back to the grid?
I’m in it for the long haul and appreciate this may be too early of a stage to have these exact numbers available. But would happily read through if anyone has them handy.
Thanks all, enjoying the discussion here 👍
Pretty sure the last Abundance webinar referenced planning for Meygen BESS is hoped to come in H1, so that may happen sooner than we think.
Also investors in current macro climate reluctant to put forward cash in advance of assets being operational, which makes sense but is unfortunate. SAE seemed to have the measure of the situation however, even if undesirable, but does mean we can hope for the financials to pick up pace as construction gets underway (and if we start to see some rate cuts in 2024)
It does now thanks.