**Summary**
SIMEC Atlantis Energy Limited (SAE) has announced significant progress on its AW1 Battery Storage project, a 240MWh (expandable to 480MWh) flagship initiative at the Uskmouth Sustainable Energy Park (USEP) in Newport, UK. The project, owned and constructed by AW1 Energy Storage Limited, is poised to become one of the UKs largest battery storage sites, contributing to local economic, environmental, and social revival.
Key developments include
1. **Supply and Construction Contracts**
Batteries are being supplied by Canadian Solar SES (UK) Ltd (CSES), a global leader in battery energy storage solutions, with a 15-year long-term service agreement.
A framework agreement with CSES secures 1.1GWh of batteries for SAEs future projects (Mey BESS and AW3) at competitive prices, with a parent company guarantee capped at £3.65m.
The balance of plant contract has been awarded to Welsh contractor Jones Bros. Ruthin, leveraging their site expertise and battery project experience.
2. **Revenue Optimisation Agreement**
A 12-year floored revenue optimisation agreement with EDF Energy Customers Limited ensures guaranteed revenue, complementing existing Capacity Market revenues secured earlier in 2025.
3. **Project Timeline**
Construction is underway, managed by SAE, with a grid connection date of October 2026 and commercial operations expected in Q1 2027.
4. **Strategic Importance**
The AW1 project aligns with SAEs 2024 strategy to become a leading sustainable project developer, owner, and operator, delivering long-term value for shareholders.
Partnerships with world-leading companies underscore SAEs commitment to the USEPs potential as a catalyst for regeneration.
SAE will provide updates on the financial close process in due course, reinforcing its position in the global sustainable energy sector.
**Contact Information**
SAE: Sean ParsonsDirector of External Affairs
AdvisorsStrand Hanson Limited (Nominated and Financial Adviser), Zeus Capital Limited (Broker)
**Notes**
SAE is a global developer of sustainable energy projects, including the MeyGen tidal stream project and the Uskmouth Sustainable Energy Park. The announcement contains inside information under EU Market Abuse Regulation and UK domestic law.