Member Info for oldtramp

It would appear the BESS expansion at Uskmouth plans have been approved.

https://documents.newport.gov.uk/PublicAccess_LIVE/Document/ViewDocument?id=D2F68A2955C94FB69A1EEE68C8C9CE2B

I must admit that normally I would be concerned about Abundance ceasing trading of the debentures however in this case the fact that on 27 September 2023, Duncan Black, Chairman, purchased 3,600,000 ordinary shares in the company the outcome could very well be positive for the company.?

You can read about the SAE debentures here

https://assets.abundanceinvestment.com/docs/projects/factsheets/2018_09_01_AtlantisFutureEnergy_Factsheet.pdf

The biggest news for SAE and investors is surely the speeding up of grid connections from years to months which will have a big effect on further BESS projects at Uskmouth and Meygen

https://www.gov.uk/government/news/huge-boost-for-uk-green-industries-with-960-million-government-investment-and-major-reform-of-power-network

Question

Thank you, Madam Deputy Speaker. The Chancellor announced £960 million for a new green industries growth accelerator focused on offshore wind; electricity networks; nuclear; carbon capture, usage and storage; and hydrogen. But there was no mention of reliable, clean, cheaper energy sources such as tidal or pump storage hydro. Why not?

Answer Jeremy Hunt

We are always open to investing in new technologies, and in this country we are extremely good at developing them. We will continue to look at all new opportunities, including things like tidal.

https://www.theyworkforyou.com/debates/?id=2023-11-22a.357.1

5400 license contract for EXR 👍

https://www.linkedin.com/feed/update/urn:li:activity:7132916836215463936

That’s quite interesting marshall2k is it just the one or all three?

The company did say they would pay them off when they sold the BESS licenses at Uskmouth.

A Review of Technical Assumptions and Generation Costs of Electricity from Tidal Stream Energy report has been published today for Department for Energy Security & Net Zero

Lots of mentions of Meygen and SAE

https://assets.publishing.service.gov.uk/media/655372484ac0e1001277d819/tidal-lcoe-report.pdf

Tidal also gets an increase in round 6

The government is also increasing maximum bid prices for other technologies, offering certainty for developers, and keeping the UK at the cutting edge of all renewables. These include:

geothermal by 32% - from £119/MWh to £157/MWh

solar by 30% - from £47/MWh to £61/MWh

tidal by 29% - from £202/MWh to £261/MWh3

https://www.gov.uk/government/news/boost-for-offshore-wind-as-government-raises-maximum-prices-in-renewable-energy-auction

Tidal gets a mention in parliament

Q/

To ask the Secretary of State for Energy Security and Net Zero, if she will make an assessment of the potential merits of (a) maintaining a ringfence for tidal stream renewable energy technologies in allocation round six of the Contracts for Difference scheme and (b) setting a target of 1GW for tidal stream technologies by 2035.

Graham Stuart

Minister of State (Department for Energy Security and Net Zero)

A/

The Government is currently developing auction parameters for Allocation Round 6 of the Contracts for Difference scheme, including any for tidal stream, taking into account evidence of the pipeline of available projects. The Government will publish core parameters for the round later this month, and final parameters, including the budget, ahead of the round opening in March 2024.The Government will review the merits of setting an ambition for tidal stream deployment.

https://www.theyworkforyou.com/wrans/?id=2023-11-07.194.h

Along with the expansion of permitted BESS the planning for another BESS plant at Uskmouth seems to be moving on at pace .

https://documents.newport.gov.uk/PublicAccess_LIVE/SearchResult/RunThirdPartySearch?FileSystemId=PL&FOLDER1_REF=23/0949

Good to see Roche using Engage

https://www.linkedin.com/feed/update/urn:li:activity:7122950061663117312

The responses for the BESS expansion are coming in and seem very promising even no objection from NRW

https://documents.newport.gov.uk/PublicAccess_LIVE/SearchResult/RunThirdPartySearch?FileSystemId=PL&FOLDER1_REF=23/0835

This looks interesting JDF7 🤔

https://metainnovationdayquest3.splashthat.com/?trk=feed_main-feed-card_feed-article-content

Thanks for posting ML

It starts at 6 mins 40 👍

The interviewers need to do some research but the investor is spot on .

https://videos.voxmarkets.co.uk/moment/45417/engage-xr-exr-fund-manager-series-gervais-williams-of-premier-miton/

Just to add Date submitted:

Thursday, September 28, 2023

https://marine.gov.scot/node/24459

New EIA screening report for increase in output and turbine size been submitted a 3mw turbine should lower the cost for a single turbine instead of 2 x 1.5mw.

https://marine.gov.scot/sites/default/files/a-100835-s00-a-rept-001_a02_clean_mdlot.pdf

Thanks for posting it’s a good interview and cash breakeven in 6 months would be quite an achievement.

Meta connect starts tomorrow hopefully some interesting updates on Quest 3 also of interest it is live in VR at Meta’s Menlo Park campus ( Engage have hosted that on our platform to as a digital twin for Meta)

https://www.metaconnect.com/en/home