Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to MrFahrenheit,SalvorHardin,Anonymous,johnhemming,Anonymous, for Donating to support the site

Simec Atlantis

gbjbaanb
Lemon Slice
Posts: 596
Joined: November 4th, 2016, 1:17 pm
Has thanked: 193 times
Been thanked: 123 times

Simec Atlantis

#322954

Postby gbjbaanb » July 1st, 2020, 12:31 pm

Been in the news recently. These caught my eye as operators of tidal energy systems, and they still do this as they have a contract for a tidal turbine off Normandy. But the news is that their other arm, of burning rubbish, met a milestone in generating energy from crap at their Uskmouth facility, proving the technology.

Since then other commentators have said "deserves a re-rating" "game changer" and "we always believed that the successful completion of this large-scale testing will open up a huge new market globally for MHPS and Atlantis for future similar conversions."

The thing that's got a lot of people excited is that they repurposed a coal power plant to burn waste destined for landfill - including all the plastic that cannot be recycled, the company mentions ar dashboards as an example of what can now be burnt.

https://theenergyst.com/simec-atlantis- ... rrections/

The CEO was right, the price doubled after he said that, and financial close has not yet been achieved on the Uskmouth project, that's a lot closer now.

There is also talk of Swansea bay coming back, with possibilities for tidal contracts there too.

88V8
Lemon Quarter
Posts: 1059
Joined: November 4th, 2016, 11:22 am
Has thanked: 142 times
Been thanked: 299 times

Re: Simec Atlantis

#323117

Postby 88V8 » July 1st, 2020, 11:14 pm

Good to see some potential positives.
I'm 90% underwater on these. Fortunately it was only a dabble.
Let's hope this isn't another false dawn.
Renewables are a bit of a gamble and prone to Gubmt whim.

V8

ReallyVeryFoolish
Lemon Slice
Posts: 793
Joined: October 5th, 2019, 12:06 pm
Has thanked: 574 times
Been thanked: 359 times

Re: Simec Atlantis

#323146

Postby ReallyVeryFoolish » July 2nd, 2020, 2:15 am

Jam tomorrow stock. On that basis, I'm out. (BTW Uskmouth power station is absolutely ancient).

RVF

gbjbaanb
Lemon Slice
Posts: 596
Joined: November 4th, 2016, 1:17 pm
Has thanked: 193 times
Been thanked: 123 times

Re: Simec Atlantis

#323263

Postby gbjbaanb » July 2nd, 2020, 1:31 pm

Jam today - up 16% right now to go with the tripling over the last month.

Uskmouth is ancient - that's the point, they can repurpose it to burn rubbish, there's a lot more coal power plants that are also looking to be knocked down.... or repurposed into burning rubbish too. Germany, USA, China all have a lot of coal power plants that are very unloved, if they can be turned into an alternative to landfil, many operators are going to be very happy indeed.

I had a dabble in these ages ago (at 17p and thought it was another of my "too early" investments) but I bought more recently, the news is bright for the future for these. FYI one of the other reasons its looking good is that the gubmint is changing the rules on CfDs for renewables, so that wind doesn't hog all the subsidies. The idea is to encourage alternatives (as its no good having enough wind capacity to power the UK if its not windy) and tidal is one that looks to attract a fair chunk of that. So both incineration and tidal are currently in favour, the stars have aligned, and I'm quite happy. I think this will rise a fair bit more over the next year now its come to people's attention, including twitterati even if they are chartist types - I can summarise them as follows "blah blah golden cross blah blah 32p" :)

ReallyVeryFoolish
Lemon Slice
Posts: 793
Joined: October 5th, 2019, 12:06 pm
Has thanked: 574 times
Been thanked: 359 times

Re: Simec Atlantis

#323438

Postby ReallyVeryFoolish » July 3rd, 2020, 4:47 am

gbjbaanb wrote:Jam today - up 16% right now to go with the tripling over the last month.

Uskmouth is ancient - that's the point, they can repurpose it to burn rubbish, there's a lot more coal power plants that are also looking to be knocked down.... or repurposed into burning rubbish too. Germany, USA, China all have a lot of coal power plants that are very unloved, if they can be turned into an alternative to landfil, many operators are going to be very happy indeed.

I had a dabble in these ages ago (at 17p and thought it was another of my "too early" investments) but I bought more recently, the news is bright for the future for these. FYI one of the other reasons its looking good is that the gubmint is changing the rules on CfDs for renewables, so that wind doesn't hog all the subsidies. The idea is to encourage alternatives (as its no good having enough wind capacity to power the UK if its not windy) and tidal is one that looks to attract a fair chunk of that. So both incineration and tidal are currently in favour, the stars have aligned, and I'm quite happy. I think this will rise a fair bit more over the next year now its come to people's attention, including twitterati even if they are chartist types - I can summarise them as follows "blah blah golden cross blah blah 32p" :)

Good luck, I wish you well.

RVF


Return to “Oil & Gas & Energy (Sector & Companies)”

Who is online

Users browsing this forum: No registered users and 2 guests