The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSimec Atlantis Share News (SAE)

Share Price Information for Simec Atlantis (SAE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.825
Bid: 0.75
Ask: 0.90
Change: 0.00 (0.00%)
Spread: 0.15 (20.00%)
Open: 0.825
High: 0.825
Low: 0.825
Prev. Close: 0.825
SAE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Simec Atlantis deploys substantially-upgraded turbine

Wed, 05th Jul 2023 14:48

(Sharecast News) - Simec Atlantis Energy announced the successful deployment of 'Turbine 2' at the MeyGen site on Wednesday, marking a significant milestone in the company's ongoing efforts to enhance performance and reliability in tidal energy generation.

The AIM-traded firm said the latest turbine had undergone substantial upgrades, with a notable improvement being the conversion to a wet-mate connection system.

It said that development had resulted in a significant reduction in costs and time required for future maintenance work.

By adopting the technology, SAE said it was aiming to position the upcoming phase of turbines at the MeyGen site as the most advanced and high-performing in the industry.

It said that as a demonstrator project, the valuable lessons, improvements, and innovations derived from the MeyGen site were instrumental in unlocking commercial and scalable projects in the future.

With that in mind, SAE said it had made the strategic decision to expedite the reshoring of 'Turbine 4' to facilitate preventative maintenance and upgrade work.

It said the proactive approach would enable it to further drive improvements, as well as gather essential data and knowledge required to unlock the next phase of turbines at the MeyGen site.

"The value in MeyGen phase 1 for SAE and the industry is in proving the technology but also in the constant innovation and lessons learnt that allow us to unlock truly scalable and commercial projects," said Graham Reid, chief executive officer of SAE Renewables.

"The successful upgrade and deployment is a major milestone, and I wanted to add a personal thank you to all the team who have gone above and beyond to enable this.

"Their hard work and passion deserve recognition, without them, there is no industry, and they should be incredibly proud of another milestone achieved."

Reporting by Josh White for Sharecast.com.

More News
16 Jul 2020 13:57

UK TRADING UPDATE SUMMARY: LoopUp Set To Beat Expectations For 2020

UK TRADING UPDATE SUMMARY: LoopUp Set To Beat Expectations For 2020

Read more
29 Jun 2020 20:29

IN BRIEF: SIMEC Atlantis Annual Results Delayed Due To Virus

IN BRIEF: SIMEC Atlantis Annual Results Delayed Due To Virus

Read more
23 Jun 2020 14:06

Simec Atlantis shares surge on successful testing of fuel pellets

(Sharecast News) - Simec Atlantis Energy announced the successful completion of industrial-scale combustion testing of the waste-derived fuel pellets to be used at the Uskmouth Conversion Project on Tuesday.

Read more
22 Jun 2020 16:45

Simec Atlantis clears regulatory hurdle for Normandy tidal project

(Sharecast News) - Simec Atlantis Energy announced on Monday that the Prefecture de la Manche has approved the transfer of the lease to develop a 12MW tidal power project in Raz Blanchard from ENGIE to Normandie Hydroliennes.

Read more
22 Jun 2020 10:50

UK WINNERS & LOSERS SUMMARY: Amigo Falls After Warning On Material Hit

UK WINNERS & LOSERS SUMMARY: Amigo Falls After Warning On Material Hit

Read more
22 Jun 2020 10:08

SIMEC Atlantis Gets Normandy Prefecture Approval For Tidal Project

SIMEC Atlantis Gets Normandy Prefecture Approval For Tidal Project

Read more
29 May 2020 15:02

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

Read more
29 May 2020 10:06

Simec Atlantis reaches 'planning milestone' on Uskmouth project

(Sharecast News) - Simec Atlantis Energy announced the start of the 28-day pre-application consultation for the Uskmouth Power Station conversion project on Friday, which it described as "a planning milestone".

Read more
14 Apr 2020 13:24

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

Read more
25 Mar 2020 11:13

SIMEC Atlantis Notes GBP1.5 Million Grant To MeyGen Tidal Project

SIMEC Atlantis Notes GBP1.5 Million Grant To MeyGen Tidal Project

Read more
2 Mar 2020 10:38

SIMEC Completes Fuel Pellet Production And Milling Trials At Uskmouth

SIMEC Completes Fuel Pellet Production And Milling Trials At Uskmouth

Read more
2 Mar 2020 09:17

Simec Atlantis produces and mills test fuel pellets

(Sharecast News) - Simec Atlantis Energy announced the successful production of 100 tonnes of fuel pellets for large-scale combustion testing on Monday, as well as the successful completion of large-scale milling tests on the 100% waste-derived fuel pellets to be used at the Uskmouth power station, post conversion.

Read more
28 Feb 2020 17:32

EXECUTIVE CHANGE SUMMARY: Dechra Adds Former Countrywide CEO To Board

EXECUTIVE CHANGE SUMMARY: Dechra Adds Former Countrywide CEO To Board

Read more
28 Feb 2020 15:16

Dagley out, Hutt in as Simec Atlantis finance chief

(Sharecast News) - Energy projects developer, owner and operator Simec Atlantis Energy announced on Friday that Andrew Dagley would stand down as its chief financial officer at the end of February.

Read more
5 Feb 2020 16:59

SIMEC Atlantis Energy Raises GBP3.8 Million To Fund Investments

SIMEC Atlantis Energy Raises GBP3.8 Million To Fund Investments

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.