SAE has announced receipt of a £1.5m cash milestone payment from Electric Land in relation to the under construction 230MW (460MWH) Uskmouth BESS project. This relates to completion of the civil works at the Uskmouth site. SAE has now received £8.5m of a total £9.8m due from Electric Land, with the remaining balance to be received once 10% of the batteries have been delivered to the project site, expected in H1 2025.
