Member Info for oldtramp

Tidal power gets a couple of mentions in this article but not specific towards tidal stream .

https://amp.theguardian.com/business/2024/oct/16/gb-energy-can-become-a-major-power-generator-says-its-chief-executive

Interesting to see Proteus are also crowdfunding in France 1m euro target.

https://www.wiseed.com/projet/74991875

Thanks for both the summaries gents 👍

No problem SARS

Would really appreciate a summary of the meeting if possible unfortunately I can’t make it.

Good post Deutsher some interesting points.

Found a link to Fridays Proteus Q/A if anyone is interested you never know Meygen May get a mention.

https://www.eventbrite.com/e/proteus-investor-meet-and-greet-with-qa-tickets-1038866436477

Https://proteusmr.com/2024/10/09/proteus-marine-renewables-joins-forces-with-u-s-tidal-energy-project-to-unlock-alaskas-vast-tidal-power-potential/

Evening JDF

Meta has only just released voice to Ai and Engage already up and running I can’t find another platform that has it.

The Ai builder I feel will be a big asset for education and enterprise and a good reason for customers to use Engage instead of other platforms.

Interesting read

https://proteusmr.com/2024/10/04/independent-report-validates-ar3000-cost-of-energy-reduction/#:~:text=Independent%20Report%20Validates%20AR3000%20Cost%20of%20Energy%20Reduction!

Evening Mr T

I agree with you entirely hopefully not too long to wait on BESS news now 👍

As far as Generative AI is concerned it looks like Engage is leading the pack .

https://www.linkedin.com/feed/update/urn:li:activity:7249047830055518211

Try this

https://wam.highland.gov.uk/wam/applicationDetails.do?activeTab=summary&keyVal=SFBTACIH0FM00

It is the latest document submitted

A new update from Highland Council I guess it now goes to Energy Consents for determination.🤞

https://wam.highland.gov.uk/wam/files/DBB5D7BF56BBDE0644CA2856D357F3B0/pdf/24_02621_S36-RESPONSE_-_DEVELOPMENT_PLANS-3423107.pdf

Excellent report munin thanks

Regarding the £2.5m owed to Scottish enterprise do you think the repayment could be linked to Mey Bess and Mey Energy storage Ltd ?

“ The development rights in the project are held by Mey Energy Storage Limited, which is owned 84 per cent by SAE and 16 per cent by Scottish Enterprise.”

https://tamarindo.global/stories/sae-submits-application-for-uk-bess-project-of-up-to-1-2gwh/

A post from a couple of days ago from SAE on LinkedIn

“Another great piece by Modo Energy on Battery Storage: "With falling Capex costs and a higher revenue potential, we project a large increase in battery energy storage capacity, driven by 6 and 8 hour systems." With the scale of our site we are already planning for this type of growth and revenue potential.”

https://www.linkedin.com/feed/update/activity:7245414711846932480?trk=organization_guest_main-feed-card_social-actions-reactions

Update released

https://www.londonstockexchange.com/news-article/EXR/update-on-school-of-ai/16689240

Now live and good to see it’s free should bring in more educational customers with a fee for customers requiring Ai builder .

https://www.linkedin.com/feed/update/activity:7245462900109172736?trk=viral_share

According to The CEO plenty of publicity

From LinkedIn

“In past years, Meta Connect often spotlighted gaming, but this year saw a decisive shift toward enterprise and educational applications—both on stage and on the show floor. Our platform, ENGAGE, was prominently featured, showcasing our innovative use of AI and our focus on education, training, and development, which are now key priorities for Meta and its many distribution “

You are correct TRBob this is from one of the 2 brokers reports from today

“While the initial Uskmouth BESS project has been fully sold to a third party (for £19.9m cash), the company intends to retain an equity stake in new projects going forward, with partial project sales to help fund SAE’s equity CAPEX requirements. This could result in development and ownership of a significant operational BESS portfolio for the company over the coming years.”

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Glad to see this mentioned

“ This project has an option to expand its capacity by a further 120MW which, if this option is exercised, would trigger a further development premium under the agreements with Uskmouth Energy Storage Limited, (the now owner of the project), and further land overage payments to SAE under agreements with EL (Uskmouth) Ltd.”

I knew planning was granted but good to see SAE will get a further payment if the option is exercised.