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Simec AtlantisEngy OrdNPVDI (SAE)

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29-Jun-2022 11:04 AM

SIMEC Atlantis Energy shares tumble on sharp loss in 2021

SIMEC Atlantis Energy Ltd on Wednesday posted a greatly widened loss as it described the past 12 months as ‘very challenging’. Pretax loss of the Edinburgh-based energy company in 2021 widened to £74.1 million from £19.4 m
10-Jun-2022 05:32 PM

IN BRIEF: SIMEC Atlantis Energy wins extension on debenture deed

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins a one year extension to the maturity date of its Atlantis Ocean Energy debenture deed to June 30, 2023. The interest due on June 30 will now be paid late but company notes this will be p
24-May-2022 02:05 PM

SIMEC Atlantis Energy surges on £40 million battery storage contract

SIMEC Atlantis Energy Ltd on Tuesday said it has signed a £40 million contract for a battery storage project at Uskmouth. Shares in the Edinburgh-based tidal and hydro energy producer were 30% higher at 2.68 pence each in London on Tuesday
27-Apr-2022 04:04 PM

IN BRIEF: SIMEC Atlantis Energy falls on debt repayment discussions

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Enters into discussions with Abundance Investment Ltd to extend the timing of the repayment of its Atlantis Ocean Energy PLC debentures. Says it needs more time to make the repayment due to d
25-Apr-2022 08:22 PM

IN BRIEF: SIMEC Atlantis promotes Hirst to CFO, executive director

SIMEC Atlantis Energy Ltd - Edinburgh-based renewable energy producer - Promotes Simon Hirst to role of chief financial officer and executive director. Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commerci
01-Apr-2022 10:54 AM

SIMEC Atlantis Energy soars on £2.5 million loan for MeyGen project

SIMEC Atlantis Energy Ltd shares soared on Friday after the energy producer said that it secured a non-convertible loan of £2.5 million from Scottish Enterprise for its MeyGen tidal stream project. Shares were trading 33% higher at 2.06 pe
30-Sep-2020 09:45 AM

Simec Atlantis Energy losses narrow as revenue jumps

Alternative energy developer Simec Atlantis Energy narrowed its first-half loss after it generated more revenue from its tidal turbine and engineering business. Pre-tax losses for the six months through June amounted to £6.2 million, compared to lo
31-Oct-2019 08:01 AM

SIMEC Atlantis Energy awards contract for Uskmouth power station conversion

SIMEC Atlantis Energy Limited has awarded Mitsubishi Hitachi Power Systems Europe (MHPS Europe) the contract to carry out the design and development of the combustion system for its Uskmouth Power Station conversion project. This contract includes the l
26-Jul-2019 09:51 AM

Simec Atlantis Energy successfully decommissions Northern Ireland SeaGen tidal system

Sustainable energy project developer Simec Atlantis Energy said it had successfully decommissioned the 1.2MW SeaGen tidal system in Northern Ireland, marking the completion of the energy project lifecycle. The surface piercing tidal SeaGen system was ins
28-Jun-2019 08:11 AM

Simec Atlantis Energy losses double in increased investment spending

Alternative energy company Simec Atlantis Energy said its annual losses more than doubled after it continued to invest in its tidal power and waste-derived pellet projects. Pre-tax losses for the year through December amounted to £24.2m, compared t
24-Sep-2018 09:43 AM

Simec Atlantis Energy losses deepen; books first revenue from tidal project

Sustainable energy project developer Simec Atlantis Energy said its first-half losses deepened, as it invested in potential growth initiatives and brought a tidal project into commercial production. Pre-tax losses for the six months through June amounte

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