The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just 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: 0.90
Bid: 0.80
Ask: 1.00
Change: 0.00 (0.00%)
Spread: 0.20 (25.00%)
Open: 0.90
High: 0.90
Low: 0.90
Prev. Close: 0.90
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 Energy In Talks For New Conversions To Power-From-Waste

Mon, 13th Aug 2018 12:44

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 sustainable energy generation company believes that the conversion of the Uskmouth power station from coal to waste-derived Subcoal fuels can act as a prototype for a pipeline of future power-plant conversions globally.

Simec Atlantis said it has recently concluded milling trials on the N+P Subcoal pellets using vertical spindle roller mills in Germany.

Subcoal pellets are made from a combination of biogenic waste and non-recyclable plastic, Simec Atlantis said. These pellets will replace coal-fired generation at the company's Uskmouth facility, in Newport, south east Wales.

The results of the milling trials will inform the final design of the combustion system which will be retrofitted to the existing power station.

Post conversion, Simec Atlantis said the station will export 220 megawatts of baseload power to the grid using an end-of-waste energy pellet with an average calorific value of 20 mega joules per kilogram.

The conversion is expected to take 18 months post completion of front end engineering and design with a target of first production in the fourth quarter 2020. The converted station will have an operational life of 20 years, Simec Atlantis said.

Looking forward, the company said it is already in discussions with plant owners and operators in Europe, Australia, Asia and the US with respect to future conversions.

"This should be a very profitable project for the Simec Atlantis once it is operational in 2020," said Chief Executive Tim Cornelius.

"Cash flow generated from high-margin projects such as Uskmouth will allow us to fund growth through carefully selected and executed acquisitions in addition to our existing portfolio of in-house developments and organic growth opportunities," added Cornelius.

Shares in Simec Atlantis were trading 0.9% lower on Monday at 26.50 pence each.

More News
23 Sep 2022 11:39

IN BRIEF: SIMEC Atlantic Energy shares surge on turbine re-deployment

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Re-deploys 1.5 megawatt turbine at MeyGen site in north Scotland. Says this is a critical step at demonstrating tidal technology at commercial scale.

Read more
30 Aug 2022 11:05

IN BRIEF: SIMEC Atlantis shares surge on major milestone for project

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Secures the necessary grid variations for its 230 megawatt battery energy storage system project at the Uskmouth site in Wales. Now believes the project is on track to be operational by 2024.

Read more
30 Aug 2022 11:04

AIM WINNERS & LOSERS: Diurnal shares more than double on takeover bid

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
11 Aug 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 12 August 
iEnergizer LtdAGM
Ironveld PLCGM re proposals to remove directors
Old Mutual LtdGM ownership transaction
Pineapple Power CorpAGM
Monday 15 August 
Ascent Resources PLCGM re annual report
Corcel PLCAGM
Coro Energy PLCGM re annual report
Forward Partners Group PLCAGM
Ince Group PLCGM re fundraise
Red Rock Resources PlcGM re convertible loans
Schroders PLCGM re dual class share structure
Tuesday 16 August 
Go-Ahead Group PLCGM re takeover by Kinetic and Globalvia consortium
NatWest Group PLCGM proposed special dividends
Wednesday 17 August 
Calnex Solutions PLCAGM
Thursday 18 August 
Artemis Resources LtdGM directors fees, share options
Artemis Resources LtdAGM
LoopUp Group PLCGM resolutions to the annual report and accounts that were not put in AGM
NextEnergy Solar Fund LtdAGM
Oryx International Growth Fund LtdAGM
SIMEC AtlantisEnergyAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
7 Jul 2022 11:53

IN BRIEF: SIMEC Atlantis wins contract to deliver power at MeyGen

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins government support to deliver the next phase of tidal projects. It says it has successfully secured a contract for difference in the latest allocation round for MeyGen site in Scotland. SAE says the CfD guarantees GBP178.54 per megawatt hour for 15 years. The firm it will deliver "28MW of clean, home-sourced, predictable power."

Read more
1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

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

Read more
29 Jun 2022 11:38

AIM WINNERS & LOSERS: Deltic rises on Shell deal; Windar down on delay

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
29 Jun 2022 11:04

SIMEC Atlantis Energy shares tumble on sharp loss in 2021

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday posted a greatly widened loss as it described the past 12 months as "very challenging".

Read more
10 Jun 2022 17:32

IN BRIEF: SIMEC Atlantis Energy wins extension on debenture deed

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins a one year extension to the maturity date of its Atlantis Ocean Energy debenture deed to June 30, 2023. The interest due on June 30 will now be paid late but company notes this will be paid no later than September 30. Company also formally requests from Atlantis a deferral of up to three months for interest payment due on June 30. The request for the deferral requires the agreement of 75% by value of debenture holders.

Read more
24 May 2022 14:05

SIMEC Atlantis Energy surges on GBP40 million battery storage contract

(Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has signed a GBP40 million contract for a battery storage project at Uskmouth.

Read more
24 May 2022 11:02

AIM WINNERS & LOSERS: SIMEC wins bumper deal; boohoo settles claim

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
27 Apr 2022 16:04

IN BRIEF: SIMEC Atlantis Energy falls on debt repayment discussions

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Enters into discussions with Abundance Investment Ltd to extend the timing of the repayment of its Atlantis Ocean Energy PLC debentures. Says it needs more time to make the repayment due to delays at its projects, in particular at its Uskmouth site. These debentures were issues in 2017 and totalled GBP5 million. They were due for repayment on June 30. Company adds it will formally request an extension and potentially a deferral of the upcoming interest payment "shortly".

Read more
25 Apr 2022 20:22

IN BRIEF: SIMEC Atlantis promotes Hirst to CFO, executive director

SIMEC Atlantis Energy Ltd - Edinburgh-based renewable energy producer - Promotes Simon Hirst to role of chief financial officer and executive director. Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commercial aspects of the MeyGen project. Says Andrew Charters has resigned his position on the board and has stepped down as CFO. He will remain with the group during a transition period, it adds.

Read more
1 Apr 2022 16:08

Simec Atlantis gets £2.5m Scottish Enterprise loan for tidal project

(Sharecast News) - Simec Atlantis Energy announced on Friday that its majority-owned MeyGen tidal project has secured a non-convertible loan of £2.5m from Scottish Enterprise.

Read more
1 Apr 2022 09:56

AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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.