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Not much news around but good to see Greater Gwent Pension Fund investing in Uskmouth BESS via
£50m allocation to the Quinbrook Renewables Impact Fund.
https://www.room151.co.uk/151-news/greater-gwent-pension-fund-ramps-up-levelling-up-investments/?trk=feed_main-feed-card_feed-article-content
Apple Vision Pro headset also launched in the shops today DW has already stated Engage will be available on the headset .
https://www.dailymail.co.uk/sciencetech/article-13038495/apple-vision-pro-reality-set-launches-us.html
Normally get a trading update and notice of results in Jan MKS123 so might find out how Lenovo sales are going next week 🤞
From what I can find EXR are also collaborating a lot more with Meta recently any news on that front would also be welcomed.
Worth a read if anyone is still in here .
https://www.xrtoday.com/mixed-reality/the-dawn-of-genai-driven-realities-engage-xr-and-lenovo-redefine-interactive-learning/
Thanks for your thoughts Timaeus Duncan is certainly having an illustrious career along with being chairman of SAE and putting his hard earned into the company.
Worth a read.
https://www.thomas-lloyd.com/en/news-and-insight/thomaslloyd-hires-head-of-portfolio-asset-management-under-recently-appointed-cio
Evening Timaeus as always an interesting post .
Regarding
“ The plan should be for “well capitalised tidal turbine suppliers” to provide turbines (backed by warranties) that MeyGen can either lease or, if and when MeyGen can afford them, buy”
Which turbine supplier do you think would fit the bill? SAE have put in a request to change the size of the turbine blades along with the MW upped to 3mw to the best of my knowledge the only supplier currently capable is Proteus are they well capitalised enough? Or do you know of another supplier?
Keltickilla
The most probable route for expansion would be storage duration currently a 2hour cycle ie the batteries can provide 2 hours of supply before needing to recharge.
However 3 hour storage batteries are now available so 120mw/240mw would then become 120mw/360mw hope that makes sense .
Morning chaps good to get an RNS although more details on the contract with ENSO would have been appreciated.
Regarding the capacity of BESS at Uskmouth I agree with Stangys calculation it is also possible that similar to the 1st BESS project the 2nd one could be expanded to make up to the 1GW ?
Evening Mr T all the conditions are in the Agenda reports pack
https://democracy.newport.gov.uk/ieListDocuments.aspx?CId=132&MId=8421&Ver=4&LLL=0
Look very similar to the 1st BESS application that was granted.
Evening gents the Newport planning committee can be viewed live on Wednesday starting at 10am.
Unfortunately I won’t be able to see it if anyone else watches it would much appreciate if the outcome could be posted.
Many thanks OT
Link
https://democracy.newport.gov.uk/ieListDocuments.aspx?CId=132&MId=8421&Ver=4&LLL=0
Lots going on at Uskmouth End of Jan
https://www.nusc.co.uk/Nuscwp/index.php/2023/12/05/power-station-restricted-access/
Evening Mr T
Regarding grants I am sitting on the fence at the moment.
When Graham Reid took over he inherited nothing but debt no credit line a large workforce and very little turnover.
“IF” the board has managed or manages to turn that around and indeed the Market cap and SP then he will become hot property for many other companies and SAE will do well to keep him.
With out a doubt it could also go the opposite way so waiting to see what happens this year.
Looking forward to next week with planning and possibly news on what deal the company has agreed with Enso energy which I hope will be the catalyst for the above.
Have a pleasant weekend chaps 👍
This might cheer you up chaps
On the 10th of January Newport planning committee meet.
On the Agenda is the passing of Phase 2 of the BESS project at Uskmouth the Recommendation is PASSING with RECOMMENDATIONS
Meeting
https://democracy.newport.gov.uk/ieListDocuments.aspx?CId=132&MId=8421&Ver=4&LLL=0
Agenda
Uskmouth from page 15
https://democracy.newport.gov.uk/documents/g8411/Public%20reports%20pack%2010th-Jan-2024%2010.00%20Planning%20Committee.pdf?T=10&LLL=0
Planning for the next BESS at Uskmouth
https://documents.newport.gov.uk/PublicAccess_LIVE/SearchResult/RunThirdPartySearch?FileSystemId=PL&FOLDER1_REF=23/0949
A positive outcome on that early 2024 should be a good catalyst for SP re rate.
Https://www.southwalesargus.co.uk/news/23994767.demolition-cooling-towers-uskmouth-power-station-can-go-ahead/
That should speed up the 2 nd BESS project .
Good presentation to Meta by KIA powered and made by Engage XR
https://www.linkedin.com/feed/update/urn:li:activity:7140686140818231296