Member Info for Lutra

Price has actually stayed up pretty well, despite this morning's news. And some big purchases going through.

Yep! I'm out! Difficult to get a deal through, but all gone now across three separate portfolios. Really sad to be out of this one, as I still believe in the technology.

Marshall, the whole situation at the Meybess site is pretty confusing and it is difficult to see how the ECU/Ministers will proceed. One thing that confuses me is the Rigifa BESS application which is for 200MW, and appears to be on the same site as the 300MW Meybess application, yet neither application refers to the other?

Well I got my full allocation on the share issue, so that looks like it's not been oversubscribed. Not sure that is a good thing! I was just buying enough to counter the dilution, though.

Name Change (Resolution 13).

As we continue to expand and diversify our operations, it is important that our name clearly communicates the nature of our business to our stakeholders, partners, and the wider market.

...and Ampeak does that?

I'm more concerned that they can't proof read to see the missing 'r' in the title!

Tidal, what makes you say 11%? From what I am seeing Atlantis Projects Pte own 1,000 out of the 10,000 shares in Proteus (which would be 10%), but I'm not sure how we might calculate the proportion of Atlantis Projects Pte that might be attributable to SAE.

Oldtramp/Mister_tidal, I live in the Highlands and had watched the planning committee webcast back when the meeting was on and I had previously read all the comments. The Planners had recommended not to raise an objection and a number of Councillors supported the view of the Planners. However, it can be electoral suicide for councillors to take a different view from their constituents and they will often oppose an unpopular development knowing that they can simply blame Government, when it ultimately gets approved (either on appeal or in cases like this where it is a s36 process). The calibre of the Planners in Highland is quite high and it is very rare for their opinion to be different from the Planners in Edinburgh, so I fully expect this one to be consented. The councillors needed to find a proper Planning reason for raising an objection and chose the "proximity" to a heritage site, despite the fact that it is not really that close and that the Government's own Heritage advisors had raised no objection. It will be easy for the Consents Unit to over-rule the Council Objection. The councillors know this, but they will be seen to have done their bit to have defended the wishes of their constituents.

But coming back to the original question, it would be really surprising for the ECU to turn this around in two weeks from receiving the formal response from the Council. It is also weird that I can no longer find the application on the ECU website - perhaps it has been taken off-line while they update it, perhaps there is something wrong with my searches, perhaps there is something wrong with their website...who knows!

Tidal, the consents unit make the announcement at https://www.energyconsents.scot/ApplicationSearch.aspx but I am pretty sure that the developer is informed ahead of publication and RNS tends to precede public announcement by Government. I can see logic in this sequence, as it means that the Market is informed first.

However... Despite having viewed the MeyBESS documents on the Consents Unit website in the past, it is showing nothing for me at the moment. Even using the official ECU number (ECU00004838) and the official Planning Application Number and name (24/02621/S36: Mey Energy Storage Limited). I've even trawled back through the lists and it seems to have completely disappeared. I'm guessing there is some form of website glitch at the moment.

But that aside, I'm still not sure why anyone is expecting an announcement very soon. The application was in front of the Highland Council Planning committee at the end of April and their decision notice would only have been forwarded to the ECU two weeks ago. Even if the Council had decided not to raise an objection, I wouldn't expect a rapid turn around from the ECU, but given that the Council did raise an objection, the ECU will be duty-bound to consider this. The objection itself is pretty weak and the Council's planning officers had recommended for approval, so I don't anticipate ECU upholding the Objection, but it will add time to the process.

Of course, I'll be overjoyed if I am proved wrong and we got either an ECU or RNS announcement on Monday! :)

Kamakiriad, while I am sure that the Scottish Government will eventually approve the project, I wouldn't hold out much hope for it being quick. Even ignoring the risk of a Public Inquiry, the Consents Unit rarely acts quickly.

Nonnymass, no, it's simply an understandable fear about turning a rural area over to industrial use. If you watch the webcast of the Planning meeting, it is clear that the Objection is on fairly weak grounds and likely to be overturned by the Consents Unit, although there may be a lengthy delay for a Public Local Inquiry. As noted in the meeting, the grounds for Objection relate to the closeness of the Castle of Mey, but the Planners argue that at 1.5km, this "closeness" is unlikely to stand up to scrutiny. Furthermore, Historic Environment Scotland has raised no objection, which they could have done if they thought that the setting of the Castle was compromised.

Https://www.bbc.co.uk/news/articles/c2de82kz1rpo

Well, that's a bit of a shock!

Is there a date for the completion of the Review?

Remember that "The Crown Estate" and "The Crown Estate Scotland" are separate entities. The initial posting on this thread relates to "The Crown Estate" and therefore has no relevance to the Pentland Firth. That's not to say that the OP is not relevant to tidal energy or future SAE initiatives - it clearly is - it just has no bearing on current SAE activities in Scottish coastal waters.

Scottish Government for the Planning consent! UK Government funding was in place more than three years ago!

SatellitePro, yes, thanks for posting that info. If anyone doubts the impact of Planning delays, you will note that at the time of the ITM press-release announcing the funding, they were expecting to be operational by the end of '23!

I don't know if this has already been mentioned on here, but the Scottish Energy Consents unit has announced approval of the Whitelee Solar and BESS project. This project also incorporates the Hydrogen generation component where ITM was providing the electrolysers and this is also now consented. Not sure on the time-frame for the build, but the approvals are all now in place for Scottish Power Renewables to proceed with the development.

Values should be showing as back to normal now. Just the technical jiggery-pokery related to the relocation of listing address.

Still no word from the Energy Consents Unit on the Mey BESS application. Should be a fairly easy one for them to consent, so the outcome may already be priced in.

Yes, surprised it is going to Spain from Vancouver rather than Motherwell!