SIMEC Atlantis Energy Regulatory News (SAE)

RNS

9 December 2022

SIMEC ATLANTIS ENERGY LIMITED ("SAE", the "Company" and, together with its subsidiaries, the "Group")

Battery Energy Storage Project at Uskmouth receives conditional planning consent

SAE is pleased to announce that the planned 230MW / 460MWh battery energy storage system at the Uskmouth site has been granted planning consent with conditions by Newport City Council. As announced on 24 May 2022, SAE has been working with Energy Optimisation Solutions ("EOS") and Quinbrook Infrastructure Partners, via their portfolio company Uskmouth Energy Storage Limited ("UES"), to develop this project which will be owned and operated by UES. Following this decision we expect the remaining contractual milestones along with financial close to be achieved in Q1-23.

ENDS

For more information, please contact

Notes to Editors

SAE - SAE is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development.

https://www.simecatlantis.com/