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SIMEC Atlantis Secures 15-Year Contract for Battery Storage Project

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SIMEC Atlantis Secures 15-Year Contract for Battery Storage Project

SIMEC Atlantis Energy Limited ( (GB:SAE) ) has issued an update.

SIMEC Atlantis Energy Limited has secured a 15-year contract in the latest T-4 Capacity Market Auction to supply reliable electricity to the National Grid through its 120MW AW1 Battery Storage project. This contract ensures a fixed revenue stream, aiding the financial closure of the project at the Uskmouth Sustainable Energy Park, pending confirmation from the Secretary of State for Energy Security and Net Zero.

More about SIMEC Atlantis Energy Limited

SIMEC Atlantis Energy Limited, also known as SAE Renewables, operates in the renewable energy industry. The company focuses on providing sustainable energy solutions, with a particular emphasis on battery storage projects.

YTD Price Performance: 10.81%

Average Trading Volume: 762,578

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £14.75M

See more insights into SAE stock on TipRanks’ Stock Analysis page.

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