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SIMEC Atlantis Energy ( (GB:SAE) ) has issued an update.
SIMEC Atlantis Energy Limited has entered a joint venture with Econergy International Limited to co-develop the Afon Wysg 2 (AW2) Battery Storage project at the Uskmouth Sustainable Energy Park in the UK. This collaboration combines SAE’s expertise in renewable energy projects and strategic site ownership with Econergy’s proficiency in battery storage construction and financing. The project, designed for a duration of up to 5 hours and a total potential capacity of 1,250 MWh, aims for planning permission within 12 months and financial closure by 2027. This initiative marks a significant step in both companies’ strategies to enhance their positions in the UK energy storage market, contributing to grid stability and sustainable power solutions.
More about SIMEC Atlantis Energy
SIMEC Atlantis Energy Limited operates in the renewable energy industry, focusing on developing complex renewable energy generation and battery storage projects. The company is known for its strategic Uskmouth Sustainable Energy Park (USEP) site in the UK, which is a leading location for battery storage projects.
Average Trading Volume: 692,024
Technical Sentiment Signal: Hold
Current Market Cap: £15.54M
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