Burwell grid-scale battery storage site visit

RNS Number : 6112B

Smart Metering Systems PLC

04 October 2022

 

04 October 2022

Smart Metering Systems plc

Burwell grid-scale battery storage site visit 

Smart Metering Systems plc (AIM: "SMS", the "Group"), an integrated energy infrastructure company owning and managing meter assets, energy data, grid scale batteries and other carbon reduction (CaRe) assets, is today hosting a site visit for analysts and institutional investors to its first 50MW grid-scale battery storage project at Burwell.

The presentation will be hosted by CEO Tim Mortlock and will include presentations from key members of the grid-scale battery team and two external industry partners, UK Power Networks and Trina Storage. The presentation will then be followed by a tour of the battery site.

No price sensitive information will be provided during the visit.

During its H1 2022 results on 13 September 2022 the Group highlighted that the performance of the Burwell site was well ahead of the Board's expectations and upgraded the longer-term EBITDA per MW guidance. The site has continued to perform strongly over the July-September period.

Following the event, the presentation and the recordings will be posted on the investor relations section of SMS website: https://www.sms-plc.com/investors/results-reports-presentations/

For further information:

Smart Metering Systems plc	0141 249 3850
Tim Mortlock, Chief Executive Officer Gavin Urwin, Chief Financial Officer Dilip Kejriwal, Head of Investor Relations
Cenkos Securities plc (Joint Broker and Nomad)	0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch Investec Bank plc (Joint Broker) Christopher Baird / Henry Reast RBC Capital Markets (Joint Broker) Matthew Coakes / Evgeni Jordanov / Jack Wood	020 7597 5970   020 7653 4000
Instinctif Partners	[e-mail]
Tim Linacre / Guy Scarborough / Sarah Hourahane

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) installs and manages smart meters, energy data, grid scale batteries and other carbon reduction assets ("CaRe") to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform.

Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.

SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. In 2019, SMS was also awarded the London Stock Exchange Green Economy Mark.

SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.

 

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