SIMEC Atlantis Energy

A global sustainable energy company

Our Next Chapter

At Simec Atlantis Energy (SAE) we have set ourselves an audacious goal of becoming one of the largest independent generators of sustainable energy in Europe. SAE is a global developer of renewable and sustainable energy projects with more than 1,000 megawatts of power projects in various stages of development which includes the world’s flagship tidal stream project, MeyGen and the conversion of the Uskmouth power station from coal-fired generation to 220MW of baseload generation from waste-derived pellets which will help to address the UK’s non-recyclable waste problems.

Our heritage is in tidal power generation where we forged a reputation as a world leader in the development of tidal generation systems and the delivery of commercial-scale tidal power projects. We are now building on this history of successful power project generation through our partnership with SIMEC, a member of the GFG Alliance. The SIMEC partnership provides us with transformational growth prospects as we move into an exciting new era, building a diversified sustainable energy business of material scale with the support of SIMEC and the GFG Alliance.

Our focus now is on progressing the proposed conversion of the SUP power station and seizing the opportunities associated with the GFG Alliance’s high-quality renewable power asset pipeline by acquiring and developing operational, cash yielding projects to drive the business forward and create a renewable energy platform that will deliver attractive returns for our shareholders.

Our aspiration is to quickly build a diversified portfolio of operational, cash generative assets from sources including large hydro, mini-hydro, pumped hydro storage, energy from waste, tidal stream, tidal range and traditional battery storage.

SIMEC Atlantis Energy has a corporate presence in London where we are co-located with the GFG Alliance team in Mayfair. Our commercial and project development teams are based in Edinburgh. We have an operations base located at Nigg Energy Park in Invergordon and our turbine and engineering services division is located in Bristol, England. SIMEC Atlantis Energy is quoted on the London AIM Stock Exchange (ticker SAE:LN) and currently employs 92 experienced staff.

Our core business is to develop, finance, construct and operate large-scale, renewable energy projects in the United Kingdom, Europe, North America, Asia and emerging markets. We deliver world-class renewable project development strategies using our internationally renowned transaction team. We also have a turbine and engineering services division, which designs, supplies and maintains world-leading tidal turbines and subsea connection equipment.

We partner with governments utilities and large corporations to deliver world-leading projects, on time, safely and on the budget meeting their national/corporate ambitions.

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Latest News

There is always so much going on at Atlantis. Make sure you follow our latest progress and news releases on Twitter and Instagram which we update regularly.

Our Latest Tweet

The Viking Neptun has arrived in Scotland to commence offshore operations at MeyGen this week. pic.twitter.com/xWmm9jR2gt

Investors

This section contains our latest news, reports and share price information.

SIMEC Atlantis Energy is listed on the London AIM stock exchange and has the ticker SAE:LN. The company’s NOMAD is Cantor Fitzgerald Europe with Macquarie Capital Europe as co-broker and our communications firm is FTI consulting, all based in London. We are committed to maintaining trusted relationships with shareholders and the financial community globally. We regularly post updates on non-price sensitive news on our various social media feeds which can be located on this website.

In December 2017 Atlantis announced a deal to transform the Company into a diversified renewable energy company of scale by signing a conditional share purchase agreement to acquire the entire issued share capital of SIMEC Uskmouth Power Limited (“SUP”) from SIMEC UK Energy Holdings Limited, a member of the GFG Alliance(http://www.gfgalliance.com/), in consideration for the issue of new Atlantis ordinary shares representing approximately 49.99 per cent of the share capital of Atlantis. Following the acquisition, it is proposed that 220MW of capacity at the SUP power station in Wales will be converted to use a waste-derived energy pellet as fuel. The acquisition is intended to be the first of a number of acquisitions from the GFG Alliance that will transform Atlantis into a diversified energy company of scale owning development and generating assets across the sustainable energy spectrum, supplementing its existing portfolio of tidal assets.

Atlantis is, through a relationship agreement, being provided with investment rights by way of a right of first offer to a pipeline of renewable power assets owned or subsequently acquired by the GFG Alliance. These currently comprise a number of operating and development assets in the UK and Australia with a total gross capacity of 680MW.

We aim to provide frequent updates on project progress and information regarding the Group’s vision and strategic ambition, most relevant developments and financial fundamentals and performance.

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Our Partners

We have the honour and privilege of getting to work with some the most interesting and dynamic companies and their staff. Our partners are the reason for our success. We want to acknowledge their massive contributions and celebrate their achievements on our projects.

See our full partner list