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SAE Acquires Full Ownership of BESS Project

SAE Acquires Full Ownership of BESS Project

SIMEC Atlantis Energy Limited (GB:SAE) has released an update.

Confident Investing Starts Here:

SIMEC Atlantis Energy Limited (SAE) has taken a significant step in their ‘Building a Sustainable Future to 2035’ strategy by acquiring full ownership of a 120MW Battery Energy Storage System (BESS) project at Uskmouth. This £65m project is expected to bring in average annual revenues of £12m with EBITDA of £9m, and is slated for connection to the grid in October 2026. The company is gearing up for construction in 2025 and is actively working on financial closure with expert advisers to secure partners and finance for the construction.

For further insights into GB:SAE stock, check out TipRanks’ Stock Analysis page.

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