SIMEC Atlantis’ interim results show a reduction in losses with more progress expected now that it has three turbines operational at the MeyGen tidal energy project in Northern Scotland. Receipt of the initial £6m payment on the Uskmouth battery project gives the company additional support with a further c. £5m due in the next 14 months.

30 Sep 2022
SIMEC Atlantis - Interims Show Reduced Losses

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SIMEC Atlantis - Interims Show Reduced Losses
SIMEC Atlantis Energy Ltd. (SAE:LON) | 2.0 0 (-3.3%) | Mkt Cap: 14.8m
- Published:
30 Sep 2022 -
Author:
Adam Forsyth -
Pages:
3 -
SIMEC Atlantis’ interim results show a reduction in losses with more progress expected now that it has three turbines operational at the MeyGen tidal energy project in Northern Scotland. Receipt of the initial £6m payment on the Uskmouth battery project gives the company additional support with a further c. £5m due in the next 14 months.