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SIMEC Atlantis Energy Limited ( (GB:SAE) ) has issued an announcement.
SAE Renewables has unveiled its vision for the Uskmouth Sustainable Energy Park, aiming to transform it into one of the largest battery storage sites in the UK to support the energy transition to net-zero while ensuring energy security. The site, which has been a hub for electricity generation for over 50 years, is set to play a crucial role in supporting the development of data centers necessary for the AI revolution. SAE is planning to develop significant battery storage capacity at Uskmouth, making it an ideal location for data centers due to reliable power supply. With discussions already underway to attract investments, the project could create hundreds of construction jobs and thousands more in related industries, significantly impacting Newport’s economy.
More about SIMEC Atlantis Energy Limited
SIMEC Atlantis Energy Limited, known as SAE Renewables, operates in the renewable energy industry focusing on sustainable energy solutions. The company is primarily involved in the development and operation of battery storage projects, with an emphasis on supporting the transition to net-zero emissions and enhancing energy security in the UK.
YTD Price Performance: 13.51%
Average Trading Volume: 916,718
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.18M
For an in-depth examination of SAE stock, go to TipRanks’ Stock Analysis page.
