SIMEC Atlantis has followed through on its plans to develop battery storage at the Uskmouth site with an agreement which will bring in £40m of revenue over the next thirty years with £11m in the next eighteen months. The deal sees the company emerge from a period of uncertainty and turning a stranded asset into value for shareholders.

24 May 2022
SIMEC Atlantis - Battery Option Value Crystalised

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SIMEC Atlantis - Battery Option Value Crystalised
Ampeak Energy Limited (AMP:LON) | 2.4 0 (-2.1%) | Mkt Cap: 17.0m
- Published:
24 May 2022 -
Author:
Adam Forsyth -
Pages:
3 -
SIMEC Atlantis has followed through on its plans to develop battery storage at the Uskmouth site with an agreement which will bring in £40m of revenue over the next thirty years with £11m in the next eighteen months. The deal sees the company emerge from a period of uncertainty and turning a stranded asset into value for shareholders.