Simec Atlantis Share Price (SAE)

We are also 95% under-valued according to Simplywall.st

https://simplywall.st/stocks/gb/capital-goods/aim-sae/simec-atlantis-energy-shares/valuation

But why am I still not feeling it?

Nice topic raised about how to avoid during MeyGen Phases 2 & 3 the kind of issues identified as limiting turbine power output during Phase 1. Is scaling up just going to mean more issues instead of solutions or are there likely to be advantageous opportunities to raise performance; improve supply chains; reduce costs; keep turbines deployed and turning for longer; and approach break-even point?

Several publications suggest that the sector is evolving an ethos of searching self-appraisal to capture lessons learned:

1. Lessons Learnt from MeyGen Phase 1A - Final Summary Report 2020

https://webassets.bv.com/2020-06/MeyGen%20Lessons%20Learnt%20Full%20Report_0.pdf

2. October 2022 TIGER Report on Cost reduction pathway of tidal stream energy in UK and France

https://interregtiger.com/download/tiger-report-cost-reduction-pathway/

3. Review of Technical Assumptions and Generation Costs Levelised Cost of Electricity from Tidal Stream Energy May 2023

https://assets.publishing.service.gov.uk/media/655372484ac0e1001277d819/tidal-lcoe-report.pdf/preview

4. June 2023 Policy Report Seizing Sustainable Growth Opportunities from Tidal Stream Energy in the UK

https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2023/06/Sustainable-Growth-Opportunities-from-Tidal-Stream-Energy-in-the-UK-.pdf

The 2020 report identified many useful lessons from Phase 1A. The TIGER report found 8 drivers that could reduce TSE LCOE by 67.5%. Almost 40% of that reduction “comes from increasing the rotor diameter and rated power which have a compounded effect greater than the sum of the individual innovations.” The May 2023 Review notes that the rate of deployment of low-carbon generation, such as TSE, can… be adversely impacted by focussing too much on driving down LCOE. The June 2023 report repeatedly stresses the need for inter-departmental policy co-ordination on deployment and supply chain development.

A major factor behind delays in servicing re-shored turbines is long lead times for replacement parts. Lead times should shorten as data accumulates about the replacement parts most commonly needed for 3MW turbines being serviced. Perhaps even a lean-production Proteus will hold a few popular spares in stock.

Proteus should already be planning how they could tool up not only to build 100+ 3MW turbines over the next decade but also to service each of them every 5 years or so on a rolling programme. Every ship that sails to recover a turbine to re-shore for servicing should carry one to deploy in its place and, ideally, at least one more intended for first deployment.

But Mr Black was already cheerfully thinking about all that when he wrote last summer about the need for well capitalised turbine suppliers.

But that has been on the website for some time.

I am not sure if this is significant

https://saerenewables.com/fraud-alert/

but something to be aware of

Get with the programme it's been like that since CEO talked crap about updates every month.

Abysmally poor.