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
SIMEC Atlantis Energy Ltd. (SAE:LON) | 0.8 0 0.0% | Mkt Cap: 6.14m
- 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.