Member Info for Pask

Okay, this is quite tangental so please ignore (though slightly relevent).

There are comments about it taking a long time to grow trees. Trees taking 10 years to grow you can signifacntly speed up to process using the miyawaki method. It's slightly more expensive than regular tree planting as more trees die (due to healthy competition due to limeted resources, this in intended), and requires a bit more preperation, but (i) it pretty much requires native species to the area, and (ii) requires no maintiance after 3 years whilst also (iii) producing a large thicket which could obscrue the batteries.. This has been tested in Kent with local tree species; however, it has not been tested as far as I am aware in Scotland. Flow Country may be particularly unsuitable, as I am not sure if there were historically any trees here. You have the caladonian forest, but I don't think it extended that far north.

Regardless, SAE (if reasonable) could consult ecologists regarding how to speed up tree growth into something locals would not complain about.

SOURCES:

https://www.nature.scot/professional-advice/land-and-sea-management/managing-land/forests-and-woodlands/history-scotlands-woodlands

https://naturalengland.blog.gov.uk/2024/09/19/testing-the-miyawaki-method-in-our-urban-greenspaces/

https://www.youtube.com/watch?v=R0d7Hox5J4M

Done.

https://bills.parliament.uk/bills/3738

There is a lot of engagement with this video as well, so it's not just attracting bots. This is impressive, given its about 3750 views.

Cheers @Tidal_Lover, I forgot when that was meant to be due.

I'm not saying its right. More of a it is what it is type of thing.

No. There's probably some hurdle which means its been pushed back from the stated date IMO. The board tends to go silent on this from past history, as we know with the forth turbine. You'd have to contact them directly, I feel, to get clarification on the matter.

Also from report:

"A total of 420 MW installed capacity is planned [for scotland] for over the next decade, and several of these projects have secured financial support in the form of CfD. However, there are further undeveloped tidal streams in PFOW and the longer-term potential of tidal energy in the region is far greater than this lookahead suggests."

From report:

MeyGen is progressing with an application to vary its 86 MW consent to incorporate technological advancements and an improved understanding of site conditions and array layout. The application aims to increase capacity to ~200 MW, moving closer to its total leased capacity of 398 MW, while retaining the same number of turbines specified in the existing consent — a total of 61 turbines for this phase. This increase is enabled by the deployment of more

efficient turbines, designed by Proteus Marine Renewables, each rated at 3.3 MW. It is expected that the consent and variation applications for all three projects - EMEC expansion, MeyGen variation and Westray, will be submitted to Marine Directorate for determination by Scottish Ministers in 2025. These projects will be critical for the development of the tidal stream energy sector in the UK

Source:

https://www.emec.org.uk/projects/ocean-energy-projects/environmental-monitoring/tidal-industry-seal-project/

Wait, that's investment. Ignore please.

Did see a recent offshore wind article recently which said offshore would could generate £40bil for Scotland. Was trying to find out what it would be for tidal, but was suprised by 8bil (aproximately 10bil). That's quite high.

I still believe this is a powder keg stock. We just need something to set it off.

Source:

https://www.renews.biz/100506/scots-offshore-wind-has-potential-for-40bn-investment/

Announced by Michael Shanks MP, Parliamentary Under-Secretary of State at the Department for Energy Security and Net Zero, on May 8, the new task force will gather industry leaders to identify deployment barriers, map required investment, and deliver a strategic roadmap to advance marine energy in the UK.

“I’m pleased to announce that an industry-led Marine Energy Task Force is being assembled to consider marine energy deployment throughout the UK,” said Minister Shanks. “Its key outcome will be the delivery of a strategic roadmap, including recommendations for removing barriers, along with estimates of the investment required to deliver the UK’s marine energy potential.”

Sources:

https://www.offshore-energy.biz/uk-government-moves-to-unlock-full-potential-of-marine-energy/

https://www.gov.uk/government/people/michael-shanks

*I could not find the name of the minister being spoken to of Jessica Morden's video, but it's this guy. I suppouse he works under Ed given he is Under-Secretary.

Okay. That makes sense. Sod's law.

Still, it's good that they are advertising this as it shows they are serious. There's been a lot of positive sentiment coming from Wales recently on mulitple fronts.

Mentions Uskmouth BESS. Please forgive me, but it mentions that Uskmouth has recieved 6.5mil investment from the Wales Pension Partnership. They are speaking of this in past tense, but I can't remeber this event. Either way, this is good PR as a goverment press release.

https://www.gov.uk/government/news/25-billion-powered-wales-pension-partnership-pool-to-deliver-growth-and-jobs-for-wales

i'm slightly ****ed that this happened in wales rather than scotland, but maybe some healthy competition between regional goverments will lead to increased urgency to invest and grow this sector. the welsh look ******* serious about this, and their actions recently have spoken the loudest out of anyone.

we might be seeing an acceleration of the sector now...

source:

https://www.gov.wales/welsh-government-backs-tidal-power-2-million-investment

Other report (older) of intrest. Suppousedly claims the UK is more specialised in tidal stream rather than other ORE tech.

https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2023/06/Sustainable-Growth-Opportunities-from-Tidal-Stream-Energy-in-the-UK-.pdf

Updated report:

https://www.policyandinnovationedinburgh.org/uploads/3/1/4/1/31417803/supergen_-_value_of_innovative_ore_-_april_2025.pdf

Https://www.energyvoice.com/renewables-energy-transition/wave-tidal/uk-wave-tidal/572100/wave-and-tidal-energy-offer-greater-export-potential-for-uk-than-floating-wind-report-finds/

I've posted links to some useful articles regarding current GBE strategy and where they are currently at. Most recently, GBE is still considering the ‘right places to go’ so to speak. A going concern for SAE and company is that GBE will "focus on areas of high ambition with a low-risk appetite", meaning SAE as the project developer for MeyGen is going to have to evidence HOW and WHY the tidal division at MeyGen is "low risk". The good news is that GBE have been nosing around tidal stream projects, and we have received CfDs.

GBE has partnerships with both the Crown Estate and Crown Estate Scotland, which perhaps eases some of the risk as it has leased out MeyGen. Uskmouth has been significantly derisked, and if MeyBESS gets through then this makes the project potentially more interesting for GBE. The sense I am getting is that there are a lot of BESS projects near Mey and in the pipeline all across Scotland, and will be a significant source of extra revenue for the government in synergy with offshore wind, floating offshore wind and tidal. There is also evidence of private sector capital being concurrent with public sector capital via GBE, as evidenced by public-private matching with their solar projects.

While not relevent to our intrests as shareholders, I do find it intresting that GBE are aiming currently to 'enter development stage projects, taking a minority stake, with the longer-term aspiration of developing its own projects'. This makes sense, given they want GBE to be a public project developer. They seem to be starting small, seeing what works, before eventually doing their own projects.

Sources:

https://www.current-news.co.uk/gb-energy-board-still-considering-right-places-to-go/

https://www.current-news.co.uk/great-british-energy-and-crown-estate-scotland-sign-collaboration-deal/

https://www.current-news.co.uk/great-british-energy-fulfills-investment-catalyst-ambitions-with-private-sector-funding-match/

So @tidal_lover, I think we have a bit of a precedent for BESS projects getting approved. This isn't us, but it gives a good indication of the SECU direction in awarding planning permission.

https://www.solarpowerportal.co.uk/energy-consents-unit-approves-grid-scale-battery-storage-in-scotland/

Other than that, the GBE Bill has been kicked back to the 16th of May. Not a lot happening recently in news related to us.

There's another article here @tidal_lover on the same topic. Again, I'm reading through the documentation and most of the ecology related concerns and aesthetic concerns regarding the castle of Mey don't seem to hold. There is a massive plantation that blocks the view. SAE may have to plant more trees and such, and I think it appears that the total number of batteries on site will be a bit smaller to compensate on one of the amendments made by SAE.

This is more Old Tramp's domain than mine going through these sorts of documentations, but the sense I am getting is that only transport concerns (such as lorries carrying Batteries on farm roads built upon peatbog) and maybe fire concerns (although this hasn't been an issue in later documentation, and there does seem to be a system in place for dealing with fires on site). Both articles have suggested that the councils’ rejections may not hold up to scrutiny, and there does seem to be a good case for this within the later documentation that I have seen. I think there is a reasonable case for cautious optimism that it should pass, but proof of the pudding is always in the eating.

See similar article:

https://www.johnogroat-journal.co.uk/news/battery-scheme-close-to-castle-of-mey-faces-council-objectio-380516/