Member Info for TRBob

Only AW3 is awaiting planning permission (probably not submitted yet).

AW1, AW2 and Mey have all gained planning permission.

Thank you TL.

Mr. T - My gut feeling is that it's related to the CfD auction being brought forward to July, hopefully they attract some more attention and get an allocation.

My buy is showing as a sell, I suspect all of those sells could be buys as they are all a similar price.

Https://www.bbc.co.uk/news/articles/czjw7klkjm2o

Developers will be required to install solar panels and heat pumps in all new homes in England as part of updated planning requirements published by the government.

This is great news for us on both the BESS and the Tidal side, all of these heat pumps will require a massive amount of electricity to run and the excess electricity generated by the solar will need to be stored for use during peak demand, which for most of the year doesn't align with peak generation times. It looks as though it comes into effect in 2028, which ties in nicely with our BESS projects coming online.

Crucially, home batteries are not a requirement, which again is a plus for us as our large scale BESS will be even more necessary.

I have had a heat pump, solar PV and battery system for just over 4 years now on my 1983 built house and all 3 technologies work brilliantly together. I'm 18 months away from the solar + battery paying for itself, although I plan to add more solar and get a newer battery system that can charge/discharge at higher rates as well as more capacity. The heat pump has kept us warm when it has been -5C, the solar runs it for most of the year and when it doesn't, I charge the battery using cheap off peak electricity.

'The changes in building requirements are estimated to add an additional £10,000 onto the cost of the home for developers, but over the long term will likely bring down the cost of energy bills for customers.' - IMO the first part of that sentence comes from the developers and is an overestimation, as they don't want to do it due to their margins already been squeezed, although I don't have much experience in house construction. But the way I see it, solar panels are cheap, they already have the scaffolding up anyway, the tradespeople onsite, heat pump costs are coming down all of the time and a lot of the associated costs are due to retrofitting older properties to make them suitable for heat pumps. If everything is purpose built to accommodate the new tech and done at scale, then surely the costs can be brought down.

A nice video, thank you for sharing TL, now we can hope that someone at decision making level in the government with half a brain sees it (I might be asking too much there).

I saw recently that a few hundred million pounds has been allocated for a Nuclear Fusion test facility at an old coal power station nearish to me. I'm all for developing new clean technology and I believe that Fusion power is a viable future energy source down the line (a few decades), but tidal is proven now, scaleable with costs falling as scale increases. IMO it would be money better spent in the short to medium term given all of the current volatility around gas and oil. I would think the same even if I didn't have skin in the game as I do here.

I agree, although a few big (for AMP) buys today, is something brewing?

You are right, it's not, but the baseline lately seems to be as it is today, 9 trades showing for me currently, I don't foresee there being a flurry before close in just over an hour. Mostly small trades with a few larger ones, anyway I am nit-picking in the absence of news and trying to understand why there are gaps in the data.

I have a little experience of grid connections at varying scales through projects I've worked on and the ensuing difficulties, yes it is a massive advantage for AMP over other companies that have the grid connection to worry about as well as everything else such as planning/finance etc... we also have the grid connection at Mey too :)

There seems to be more than usual today, but I wonder whether on other days they just aren't all being shown by LSE (or other platforms/sites)?

I topped up a few weeks ago and my trade was during a 2 hour gap in the data where no trades were there, it seems to be a frequent thing lately.

Thanks JD, useful to know.

Same for me Mr. T, I'm on a tariff where all of my electricity is meant to be renewable, but on the cloudy slack wind days I'm certain it's coming from a gas power plant.

Https://www.gov.uk/government/news/government-to-go-further-and-faster-in-becoming-energy-secure

No details on the breakdown, will Meygen get another chance for more capacity?

@Pask I agree and have been thinking the same.

@Tidal_lover Me too 👍

Yep very weird.

Also I don't get the big drop, when the NAV per share is 142.30p from 31st Dec 2025, and prospects have gotten even better since then.

@JD936 It's the fickle nature of the market (AIM amplifies this), + what Mr. T said and then when subsequent projects start generating cash it's going to cascade.

There are still plenty of people buying in though.

As Mrlofer says it's likely due to the guy at The Times, he probably wants some more on the cheap for himself. Feel your pain botbot, I have had this superpower too in the past, sometimes it pays off in the long run though...

I've topped up with quite a few, but its not showing up in the trades, there's a 2 hour gap in the data, got the contract note though and they're in my account on my platform

Thank you very much OT, I'm part way through reading the full report as time allows, very interesting.

We have 28MW of capacity under the 2027 CfD, so if the turbines are in the water by then we will get the agreed power price? I assume that AMP are working towards the financing of the turbines so that Proteus can then build them? Is it ultimately that simple? 2027 is not that far off...

Yes disappointing that Meygen hasn't received more, but to take a positive, that is A LOT of additional intermittent solar and wind capacity that will need BESS to even out the peaks and troughs...

Never mind, I think this https://www.proactiveinvestors.co.uk/companies/news/1086581/spacex-exploring-potential-merger-with-xai-tesla-ahead-of-anticipated-ipo-1086581.html is the reason