Member Info for Strangy83

Collapse of Tidal Energy Provider.

https://news.stv.tv/east-central/jobs-lost-as-scots-renewables-firm-sustainable-marine-energy-collapses-into-administration

Wow.

Vino must be strong

Then the weather will change to an Indian summer as the sun may or may not come out.

Thanks Michael Fish...

The crown estate info was communicated in its earlier format some time ago.

Don't agree with the assumption they could or would pull the plug as this is against what they are working to achieve.

It does however tie into my query with regards to what will happen with new Bess at Uskmouth as this could be a cashcow for Meygen on the Sae front.

Again we will only know when the Comms are working efficiently.

Maybe the AGM will gleam more on this when the CEO and subordinates are questioned.

Another thought that I have which is either exciting or worrying is Uskmouth and the strategy they are going to use for the energy park.

Now if they just get more companies to have Bess type storage energy devices and equipment and give them a lease for X years then is this to completely to fund all Meygen projects going forward or...

Is there a plan to have energy going through SAE as an ongoing supply of revenue.

There are big differences as one will give an initial cash boost from leasing where's the other will only generate cash over time.

I would welcome thoughts on what people think will happen and what should happen as this is the crossroads now to survival and thriving.

Think you are way off the mark.

1b will not be completed in the next few weeks.

1a data analysis upon completion of C5 and possibly to Cohorts 7 or even 8 may take place to get to MTD.

Yes we may hear positive news shortly but this is a slow burner imo for next few months till end of 1a and then the exciting 1b.

If SAE is going to thrive then they MUST improve Comms.

In the recent publication they have stated some aspirations.

They really now need to drum up support by using the Comms channels in social media given the now massive push for renewables.

This is a golden opportunity that they must grasp firmly with both hands.

It is also a good time to actually communicate on RNSs or by twitter what they have stated in their report. The report is one thing but the unlocking of potential energy avenues is more important.

Especially looking at the bigger picture and large investor and institutions.

Proteus is what it is and although there is a stake in the business the key driver now is as just an energy consultancy, plain and simple.

1 gig at Usk and other things that they may try to unlock needs to be aired now whilst we are in the economic state with costs rising and energy issues.

That is when pressure applied and lobbying will pay dividends.

The spin is not only can Meygen 1 and 2 create energy but we can store it and we have a total of 390+ mw there to aim for.

I think AR5 is pivotal otherwise they would not be using the application which they have completed and I would say they have added this as new technology based around BESS linked to Meygen.

The Bess technology is not critical to the UK government but I would think rather that they find lots of renewable avenues and the unicorn of carbon capture which has yet to be developed and utilised in a manner where it actually works effectively.

I feel like the next positive RNS will be pivotal.

Whether Bess at Usk or BESS at Meygen or even CFD for AR5.

THE 1GW at Usk is a further 650mw and the buzzword Energy Park makes it sound very fruitful.

Meygen with Bess. Now that is a win win energy conversion to cash...

@ TL.

Don't get what you have put?

Makes very little sense.

We all know that there would be a reduction in cost and personnel.

Let's just hope for really good news linked with the CFD and BESS at Meygen...

OHS.

email below from S Parsons.

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Thanks for your email

our priority has been delivering BESS projects at our sites and unlocking tidal at scale. While we gathered a lot of information during the converting process an opportunity that will deliver short to medium-term benefits to our shareholders and business isn’t currently available. We remain able to respond quickly if a project or opportunity arises.

Worth flagging the Chairman's statement in our report, copied below which provides some more detail.

Thanks

Sean

Chairman statement:

New conversion opportunities

The Group continues to seek opportunities internationally to apply the expertise that it developed in the Uskmouth Power Station conversion project to other coal to waste-derived fuel pellet conversion projects. Our efforts remain focused in Eastern Europe where we see a number of potential opportunities given continued high gas prices, security of supply concerns, and the availability of waste

feedstocks.

We continue to be of the view that simply closing coal-fired power stations in many countries around the world is not an option, so conversions of existing coal-fired power plant to waste derived fuel pellets that bring down carbon emissions significantly, akin to those of a new gas-fired power station, and which in addition address the huge issue of plastic waste, are compelling. Our focus over the last 12 months has been on development activities at Uskmouth and MeyGen, but we will continue to seek to identify potential opportunities and will update shareholders accordingly.

CEO Statement:

Sustainable Fuel Conversions Business:

Finally, while we have cancelled the Uskmouth conversion, we still retain significant knowledge and experience and see the potential of global opportunities to utilise this learning, however this is not a priority for the business at this time, our clear focus is on BESS and Tidal development

Some more extract from.Sean Parsons email.

=========================

Chairman statement:

New conversion opportunities

The Group continues to seek opportunities internationally to apply the expertise that it developed in the Uskmouth Power Station conversion project to other coal to waste-derived fuel pellet conversion projects. Our efforts remain focused in Eastern Europe where we see a number of potential opportunities given continued high gas prices, security of supply concerns, and the availability of waste feedstocks.

Fud?

Death Spiral...

Come on Tom W.

Silly person...

I am still have questions but I suppose we are where we are and all being well some more positive news in the near future should push the SP in the right direction. The CFD will be pivotal.

If they get a piece of the pie and some of the pot then link it with a Meygen BESS and who knows...

Continued....

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significant knowledge and experience and see the potential of global opportunities to utilise this learning, however this is not a priority for the business at this time, our clear focus is on BESS and Tidal development

Would like to thank Sean Parsons of SAE for confirming below which I may have missed during my reading it.

---------------------------------------

----------------------------------

Thanks for your email

our priority has been delivering BESS projects at our sites and unlocking tidal at scale. While we gathered a lot of information during the converting process an opportunity that will deliver short to medium-term benefits to our shareholders and business isn’t currently available. We remain able to respond quickly if a project or opportunity arises.

Worth flagging the Chairman's statement in our report, copied below which provides some more detail.

Thanks

Sean

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Would also add that the website need updating with reference to coal fired power stations.

I assume the pellet joint venture being binned means that the website required this update.

It should be replace with Tidal to BESS such as Meygen.

Agree.

If this was even a token gesture it would help the historical SP decline.