SIMEC Atlantis Energy Ltd. Stock Analysis SAE.L

SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects. The firm's business includes battery storage projects and tidal stream. Its battery storage projects include Uskmouth Sustainable Energy Park and Mey BESS. The firm owns, develops and operates Uskmouth Sustainable Energy Park. The Uskmouth site is capable of supporting approximately 3.5-gigawatt hour (GWh) of battery storage projects. The company is planning on building owning and operating the remainder of projects on the site as an independent power producer. This includes three further projects named after the River Usk in Welsh Afon Wysg - AW1, AW2 and AW3. The Mey BESS project will see an approximately 1200 megawatt-hour (MWh) battery storage project delivered at a critical site for renewable energy projects. Its MeyGen project is a planned tidal stream project. The MeyGen offshore lease and site resource allow for a capacity out to 398 megawatts (MW) to be installed.