Member Info for oldtramp

MeyGen

Going by the other investment opportunities this is new

Description: MeyGen site is a data centre development scheme promoted by Simec Atlantis Energy Ltd (SAE) and being developed to utilise more reliable, predictable power from tidal generation

Investment Type: Renewable energy, data centre

Landowner: Simec Atlantis Energy Ltd (SAE)

Location: 20+ ha of land on the north coast, Caithness

Status: Currently a greenfield site

Timescales: Short term

https://investhighland.com/investment/data-centers/

Did also find this Mr T probably best to make your own conclusion

“Furthermore, the vendor and tenant have secured an additional capacity of 120MW which will trigger a pro-rata rental increase upon the date additional capacity is made available at the site”

https://news.cbre.co.uk/cbre-advises-on-battery-storage-site-acquisition/

Couple of bits of news around today

https://www.energyvoice.com/renewables-energy-transition/wave-tidal/uk-wave-tidal/553673/wave-and-tidal-energys-chicken-and-egg-investment-conundrum/

https://www.energylivenews.com/2024/05/23/energy-industry-urges-focus-on-renewables-in-july-election/

https://amp.theguardian.com/business/article/2024/may/23/national-grid-taps-shareholders-to-help-fund-60bn-low-carbon-energy-switch

Could be be publicly available in a couple of days Mr T will keep an eye out .

Thanks yet again Phyl for pointing it out 👍

Thanks for posting that Phyl looks like phase 2 (The cooling towers ) is moving at pace will be good to hear from the company in regards to the plan ie freehold sale or lease ?

Let’s hope so JD I found the quote from the Ocean energy stats 23 very relevant.

“ In the UK last year, 94% of tidal stream generation came from the MeyGen site, an amazing achievement!! ”

Link to the report in case anyone can’t access LinkedIn.

https://www.oceanenergy-europe.eu/wp-content/uploads/2024/05/Ocean-Energy-Stats-and-Trends-2023.pdf?trk=organization_guest_main-feed-card_feed-article-content

A flurry of posts on SAE LinkedIn page in the last week.

https://www.linkedin.com/company/saerenewables?trk=feed-detail_main-feed-card_reshare_feed-actor-name

Another new partner.

https://www.starmark.com/blog/news/engage-xr-certification/

Interesting read on the partnership with optima Ed

Manage xr and Engage.

https://www.managexr.com/customer-stories/optimaed/

Also Optima Ed have a pilot with Neom x

https://optimaed.com/2024/04/22/release-optimaed-partners-with-forward-thinking-neom-x/

Quite an interesting report on Meygen

https://eandt.theiet.org/2024/03/21/designing-tidal-turbines-are-safe-marine-life

On the Proteus website it does say

Our system to be deployed at Raz Blanchard in 2026/7

https://proteusmr.com/projects/

But this is SAE so who knows 😂

Interesting read below Proteus aim to get a 3mw turbine in next year but will it be Scotland or France ?

https://www.linkedin.com/feed/update/activity:7186368339525390336?trk=organization_guest_main-feed-card_social-actions-comments

David seems happy with the Meta announcement quite a long post on LinkedIn

https://www.linkedin.com/feed/update/activity:7188482299879936000?trk=feed-detail_main-feed-card_social-actions-comments

This must be good news for Engage from Meta

“We’re opening up the operating system powering our Meta Quest devices to third-party hardware makers, giving more choice to consumers and a larger ecosystem for developers to build for”

Good to see Lenovo interested

https://www.meta.com/en-gb/blog/quest/meta-horizon-os-open-hardware-ecosystem-asus-republic-gamers-lenovo-xbox/

Not much news around bit on Meygen here

https://www.offshore-energy.biz/world-first-eco-friendly-cable-protection-system-deployed-offshore-scotland/

And

https://www.linkedin.com/feed/update/ugcPost:7183740185308737536?trk=organization_guest_main-feed-card_social-actions-comments

Interesting article from Meta today as mentioned by David Whelan in the investor meet.

https://about.fb.com/news/2024/04/new-education-product-for-quest-devices/amp/

Also of note is most if not all the colleges mentioned are using the Engage platform currently.

All very much as expected however the £5m pipeline of orders for 2024 is encouraging.

Morning Timaeus as usual a good post.

Glad you mentioned insurance as the report mentioned a 3 to 5% cost saving .

If you look here on page 23 it goes into the OPEX for Meygen and at 32% for lease and Insurance it is one of the main costs.

https://webassets.bv.com/2020-06/MeyGen%20Lessons%20Learnt%20Full%20Report_0.pdf

Be good to hear an update on the progress of the 2nd BESS at Uskmouth that SAE are working on with ENSO with the permissions granted and Wyre Valley demolition currently working on the groundwork should be moving along swiftly.

I noticed that Enso holdings have just sold other BESS and Solar projects once they reach the build phase .

https://www.tlt.com/insights-and-events/news/tlt-completes-sale-of-enso-green-holdings-limited-portfolio/

Great BBC podcast released today on Tidal energy starts with Meygen and Fraser Johnson of SAE well worth a listen

https://www.bbc.co.uk/sounds/play/w3ct4n0l

Thanks for that minim 👍

Just to add if anyone is confused scroll down to

>Data and Resources

Click on the

>CfD Contract Portfolio Status

Then type in Meygen in

>search data box

5 CFDs will show up

AR4 showing pre start with the AR 5,s showing pre MDD