IN BRIEF: SIMEC Atlantis Energy enters joint venture for AW2 project

Related news

SIMEC Atlantis Energy Ltd - Scotland-based owner and developer of sustainable energy projects - Enters a joint venture with renewable energy project developer Econergy International Ltd to co-develop the AW2 250 megawatt battery storage project at SIMEC’s Uskmouth Sustainable Energy Park. This will be the third battery storage project to be delivered at Uskmouth, at which there is currently more than one gigawatt of projects either in construction or development. The two companies will design the AW2 project for a duration of up to five hours, bringing its total potential capacity to 1,250 megawatt hours. The project aims to receive planning permission within the next 12 months and achieve financial close in 2027.

‘This partnership is an ideal fit for both parties and for the project. We have a clear strategy to be an independent power producer, and we are delighted to be partnering with a company that has the same strategy,’ says SIMEC Chief Executive Officer Graham Reid.

Current stock price: 2.13 pence

12-month change: up from 0.85p

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Contract wins

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.