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Pin to quick picksSimec Atlantis Share News (SAE)

Share Price Information for Simec Atlantis (SAE)

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Share Price: 1.00
Bid: 0.90
Ask: 1.10
Change: 0.21 (26.58%)
Spread: 0.20 (22.222%)
Open: 0.90
High: 1.06
Low: 1.00
Prev. Close: 0.79
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IN BRIEF: SIMEC Atlantis Energy Enters Joint Venture With N+P Group

Tue, 22nd Dec 2020 14:40

SIMEC Atlantis Energy Ltd - London-based sustainable energy generator and technology developer - Enters into a fuel joint venture agreement with Netherlands-based alternative fuel production and supply company N+P Group, with SIMEC Atlantis owning 50% of new company NPA Fuels Ltd. Says NPA will "produce, market, and deliver waste derived fuel products to converted coal fired power station operators throughout the UK, and the Uskmouth project in Wales." Notes NPA also will produce Subcoal, which is a waste-derived fuel product for sale to Atlantis-owned assets, as well as other converted coal-fired power stations in the UK.

"The waste derived fuel pellet developed by N+P Group over the past few years as part of Atlantis' multi-million pound research & development and testing program has been conducted in collaboration with multiple academic institutions and with the assistance of Mitsubishi Power Europe. This work has changed the way the industry views ageing coal fired assets, which are soon to be retired. We expect this fuel to be in high demand and securing supply for Uskmouth through our ownership of NPA Fuels is an important step towards achieving financial close," says Chief Executive Timothy Cornelius.

Simec Atlantis also says the tidal generation system it designed and built has arrived in Nagasaki Harbour in Japan, after leaving its construction location of Scotland in October. Adds it will be transported in January 2021 by support vessels to the designated deployment site in the Naru Strait, between the islands of Naru and Hisaka in the Goto Island chain.

Current stock price: 18.88 pence, up 28% on Tuesday

Year-to-date change: up 80%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Today 15:58

Simec Atlantis gets first £5m under EL land sale deal

(Sharecast News) - Simec Atlantis Energy confirmed the receipt of the first £5m milestone payment under its agreement with EL Uskmouth, a subsidiary of FPC Electric Land, on Thursday.

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TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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AIM WINNERS & LOSERS: SIMEC gets payment; Molecular Energies to delist

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11 Jan 2024 14:54

IN BRIEF: SIMEC Atlantis Energy reaches milestone in BESS project

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Says the next battery energy storage system project at the Uskmouth site has been granted planning consent with conditions by Newport City Council. Describes this as "another significant milestone" in the plan to develop 1 gigawatt of BESS at the Uskmouth sustainable energy park.

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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Nov 2023 16:00

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Sep 2023 14:42

TRADING UPDATES: SIMEC Atlantis swings to profit; System1 optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Sep 2023 10:49

Simec Atlantis Energy swings to first-half profit

(Sharecast News) - Simec Atlantis Energy announced a profit before tax of £4.5m for the first half of 2023 on Wednesday, marking a notable shift from the £8.6m loss reported during the same period last year.

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27 Sep 2023 10:49

Simec Atlantis Energy swings to first-half profit

(Sharecast News) - Simec Atlantis Energy announced a profit before tax of £4.5m for the first half of 2023 on Wednesday, marking a notable shift from the £8.6m loss reported during the same period last year.

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8 Sep 2023 14:17

Simec Atlantis makes significant advancement in MeyGen project

(Sharecast News) - Simec Atlantis Energy (SAE) announced a significant advancement in its MeyGen tidal power project in Scotland on Friday.

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8 Sep 2023 10:27

SSE, RWE, SIMEC secure UK renewables bids, but offshore wind absent

(Alliance News) - SSE PLC, RWE AG and SIMEC Atlantis Energy Ltd on Friday celebrated their latest contract wins to provide renewables for the UK under the contracts for difference scheme, as the government faced criticism for failing to secure any offshore wind bids.

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8 Sep 2023 08:55

LONDON MARKET OPEN: UK jobs market slow; Round hill soars on takeover

(Alliance News) - Stock prices in London opened higher on Friday, after reports showed that UK hiring activity slowed in August, suggesting that interest rates are working.

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4 Aug 2023 15:47

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Jul 2023 12:04

SIMEC Atlantis Energy annual loss narrows, outlook hopeful

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday said its loss narrowed but its revenue was down in its annual results, with the company saying it was in a "strong position".

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24 Jul 2023 10:52

SIMEC Atlantis receives GBP4 million payment for project in Wales

(Alliance News) - SIMEC Atlantis Energy Ltd on Monday said it has received the GBP4.0 million development premium from Uskmouth Energy Storage Ltd.

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