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SAE receives next payment for BESS project
SAE receives next payment for BESS project.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n\n24 July 2023\n\n \nSIMEC Atlantis Energy Limited\n(\"SAE Renewables\", \"SAE\" or the \"Company\")\n \n \nSAE receives next payment for BESS project\n \n \nFurther to the Company's announcement on 23 February 2023, SAE is pleased to confirm that it has now received the £4.0m development premium from Uskmouth Energy Storage Limited (\"UES\"), as part of the arrangements that allow UES to deliver a 230MW / 460MWh battery energy storage system (\"BESS\") at the Uskmouth site.\n \nThis marks another major milestone in the delivery of one of the largest BESS projects in the UK and the unlocking of value for SAE and its shareholders.\n \nFollowing the Company's update on 27 June 2023, SAE can also report that it is making good progress with finalising its audit and is on track to publish its Annual Report for the year ending 31 December 2022 later this month.\n \n \nFor further information, please contact:\n \n\n\n\nSAE Renewables\nSean Parsons, Director of External Affair\n\n\n+44 (0)7739 832 446\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited (Nominated and Financial Adviser)\nRichard Johnson\nRory Murphy\nDavid Asquith\n \n\n\n+44 (0)20 7409 3494\n\n\n\n\n \n\n\n \n\n\n\n\nZeus Capital Limited (Broker)\nLouisa Waddell\nSimon Johnson\n \n\n\n+44 (0)20 3829 5000\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors\nSAE Renewables is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development.\nhttps://www.saerenewables.com/\n\n","length":5268,"tagName":"div"}]