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Pin to quick picksSimec Atlantis Share News (SAE)

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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.

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5 Dec 2018 15:42

SIMEC Atlantis signs EUR 1m grant agreement

(Sharecast News) - Sustainable energy generation company and technology developer SIMEC Atlantis has signed a grant agreement with EASME for €1m, to support its turbine development programme, it announced on Wednesday.

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5 Dec 2018 11:11

SIMEC Atlantis Energy Gets EUR1.0 Million Grant From European Agency

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Wednesday that it was awarded a EUR1.0 million grant to support its turbine development programme by a European agency.The European a

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23 Nov 2018 16:53

SIMEC Atlantis Energy Buys SIMEC Green Highland For GBP124.7 Million

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Friday it has agreed to acquire SIMEC Green Highland Renewables at an enterprise value of GBP124.7 million.The company will be with a

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20 Nov 2018 14:33

SIMEC Atlantis sells 25pc of Uskmouth Power to Equitix

(Sharecast News) - Sustainable energy generation company SIMEC Atlantis Energy has signed heads of terms to sell a 25% shareholding in Uskmouth Power for £32.9m cash, it announced on Tuesday, to infrastructure fund manager Equitix.

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20 Nov 2018 11:30

SIMEC Atlantis Agrees To Sell 25% Uskmouth Power Stake, Shares Up 20%

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has signed heads of terms to sell a quarter of its shareholding in a Welsh power project to infrastructure fund manager in and

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5 Nov 2018 10:30

SIMEC Atlantis Advances Plans For Uskmouth Power Station Conversion

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Monday that it has made progress with the conversion of the Uskmouth power station in Wales to generate electricity from waste derived of a

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30 Oct 2018 11:14

Simec inks joint venture agreement with Normandy

(Sharecast News) - Simec has formed a joint-venture with Development Agency for Normandy aimed at developing a large-scale project in the region.

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30 Oct 2018 10:09

SIMEC Atlantis Plans New Major Tidal Project On Normandy Coast

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has agreed a joint venture which would see it build what it said would be the largest tidal power project in will work with of

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22 Oct 2018 11:48

SIMEC Atlantis Completes Offshore Operations On MeyGen Phase 1A

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Monday it completed offshore operations in the Phase 1A of its flagship tidal power project MeyGen, located near Scotland.The energy

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24 Sep 2018 11:34

SIMEC Atlantis Loss Widens But Delivers Maiden Revenue In First-Half

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said it generated revenue for the first time in the first half of 2018, but its loss widened after the purchase of Uskmouth power plant

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3 Sep 2018 11:43

SIMEC Atlantis Says Liberty Will Invest GBP15 Million In Welsh Asset

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said Liberty Steel has begun a planned GBP15 million investment in new & upgraded equipment at Newport steel facility, adjacent to

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13 Aug 2018 12:44

Simec Atlantis Energy In Talks For New Conversions To Power-From-Waste

LONDON (Alliance News) - Simec Atlantis Energy Ltd on Monday said it is making good progress on its flagship 220 megawatts power-station conversion project in Uskmouth, Wales.The energy the

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13 Aug 2018 10:01

SIMEC expects Uksmouth plant to be 'prototype' for coal conversions

(Sharecast News) - SIMEC Atlantis Energy expects its flagship Uskmouth power station in Wales to produce first energy by the end of 2020 and then stand as a prototype for a pipeline of coal-power conversions across the globe.

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18 Jun 2018 12:49

SIMEC Atlantis Energy Annual Loss Widens On Uskmouth Acquisition (ALLISS)

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said its loss widened in 2017 as it purchased Uskmouth power station in Wales.The natural resources firm said pretax profit in a

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