SIMEC Atlantis Energy wins 15 year UK electricity supply deal

(Alliance News) - SIMEC Atlantis Energy Ltd on Friday said it has struck a 15 year contract to provide electricity to the UK National Grid.

The Scotland-based owner and developer of sustainable energy projects said it secured the contract in the latest T-4 capacity market auction round through its 120 megawatt AW1 battery storage project.

It will be paid GBP60 per kilowatts per year for the duration of the contract.

SAE said the contract provides an "additional and fixed revenue stream" for the project and is an "important component" as it works towards the financial close of the project at the Uskmouth Sustainable Energy Park.

Shares in Simec Atlantis Energy were up 8.3% to 2.22 pence in London on Friday afternoon.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.