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Simec Atlantis

Posted: July 1st, 2020, 12:31 pm
by gbjbaanb
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.

Re: Simec Atlantis

Posted: July 1st, 2020, 11:14 pm
by 88V8
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

Re: Simec Atlantis

Posted: July 2nd, 2020, 1:31 pm
by gbjbaanb
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" :)