Business
Operational update
Operational update.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 6572U\n SIMEC Atlantis Energy Limited\n 07 April 2021\n \n \n \n \n 7 April 2021 \n \n \n \n SIMEC ATLANTIS ENERGY LIMITED\n \n \n \n (\"SAE\", the \"Company\" and, together with its subsidiaries, the \"Group\")\n \n \n \n Operational update\n \n \n \n \n \n SAE is pleased to provide the following operational update across its business. \n \n \n \n \n \n Uskmouth Power Station Conversion Project\n \n \n \n \n \n Following the decision by the Welsh Government to 'call in' the planning application at Uskmouth, and their announced moratorium on all new energy from waste projects, SAE remains fully committed to the project and is confident the project complies with all relevant Government policies and legislation. \n \n \n \n \n \n Built in 1959, the Uskmouth power station operated using coal until 2017, when it stopped operation, in preparation for a fuel conversion to move away from coal and return to operation using a new, more sustainable fuel, made from non-recyclable material, originally destined for landfill. The converted power station could be an important asset to Newport and Wales and the global fight against climate change. There are over 2000 coal fired power stations operating around the world today, and this number is set to increase. The ability to accelerate the global transition away from coal has significant implications and SAE is proud to be a leader in this field. Uskmouth power station will halve the carbon emissions from when it operated using coal. In comparison to other thermal technologies operating today, the project will be one of the lowest emitters, on par with the most efficient combined cycle gas plants. \n \n \n \n \n \n SAE was pleased to announce (17 March 2021) that it is a delivery partner in the South Wales Industrial Cluster, which has successfully secured grant funding from Innovate UK. The funding enables SAE to carry out feasibility work on carbon capture usage and storage (CCUS) which would result in the converted Uskmouth power station becoming carbon negative. This would make Uskmouth a leader in both coal replacement technology and carbon capture and utilisation technology. \n \n \n \n \n \n The conversion of the Uskmouth project will deliver critical power to Newport and the National Grid. Newport continues to attract n...