BESS
SAE secures support to deliver more capacity at the world leading MeyGen project
SAE secures support to deliver more capacity at the world leading MeyGen project SAE is pleased to announce that it has secured a Contract for Difference (“CfD”) in the latest Allocation Round (“AR”), for the world leading MeyGen site. These CfD contracts, which guarantee 172 (£/MWh), for 15 years from 31st March 2029, the target…
Read MoreSAE takes full ownership of 120MW/240MWh BESS project at Uskmouth
SAE takes full ownership of 120MW/240MWh BESS project at Uskmouth SAE has achieved the next step in delivering its ‘Building a Sustainable Future to 2035’ strategy by taking full ownership of the 120MW Battery Energy Storage System (“BESS”) project at the Uskmouth Sustainable Energy Park (“USEP”). According to the Company’s latest estimates, the BESS project…
Read MoreResult of AGM
Result of AGM SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed. All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution…
Read MoreDirector/PDMR Dealings
Director/PDMR Dealings SAE has been notified of the following purchases of ordinary shares of no par value in the Company (“Shares”) by Directors of the Company. Name Position Number of Shares Purchased Price Resultant Holding % of Issued Share Capital Simon Hirst Chief Financial Officer 850,000 1.9875p 932,034 0.13% John Woodley Non-Executive Director 500,000…
Read MoreFinal results for the year ended 31 December 2023 and notice of AGM
Final results for the year ended 31 December 2023 and notice of AGM SAE announces its audited final results for the year ended 31 December 2023. A complete version of the 2023 Annual Report and Accounts (“2023 Annual Report”) can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6507T_1-2024-6-24.pdf The 2023 Annual Report, a notice of Annual General Meeting (“AGM”)…
Read MoreApplication for up to 300MW / 1.2GWh Scotland BESS project
Application for up to 300MW / 1.2GWh Scotland BESS project SAE is pleased to announce that it has submitted an application for Section 36 consent to the Scottish Government’s Energy Consents Unit for a battery energy storage system (“BESS”) project of up to 300MW, sized for up to 4 hours duration (1.2GWh). The project, named…
Read MoreSAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)
SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”) SAE is pleased to announce it has received the next milestone payment of £2m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. The milestone payment was received following the…
Read MoreSAE achieves another Battery Energy Storage System (“BESS”) milestone
SAE achieves another Battery Energy Storage System (“BESS”) milestone SAE is pleased to announce that it has received the first £5m milestone payment under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE…
Read MoreMajor milestone reached in BESS project
Major milestone reached in BESS project SAE is pleased to announce that the next Battery Energy Storage System (“BESS”) project at the Uskmouth site has been granted planning consent with conditions by Newport City Council. This is another significant milestone in the business’s plan to develop 1GW of BESS at the Uskmouth Sustainable Energy Park,…
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