SAE Renewables Limited (LON:SAE) aim is to be a global leader in the creation of new, sustainable energy projects for the benefit of our planet.
SAE are pioneering the use of two fantastic sites in the UK to develop their concept of sustainable energy parks. These parks are designed to utilise the existing infrastructure and natural resources in the local area to unlock new projects and deliver value for the communities and our business.
SAE are global leaders in tidal energy system design, development and operation. Their flagship project MeyGen harnesses the power of the tides to generate clean, renewable energy to the grid.
SAE Renewables Future Strategy to 2035 and Investment Case by Graham Reid CEO
USKMOUTH SUSTAINABLE ENERGY PARK
SAE is the owner of the land, grid connection, infrastructure and existing power station at the Uskmouth site in Newport, South Wales. SAE is working to transition the Uskmouth site into a sustainable energy park, with the potential to deliver c.1GW of Battery Energy Storage System (BESS) already identified.
The Uskmouth site has unique access to the grid coupled with significant land and infrastructure that make it a prime location for the delivery of a large-scale, commercially attractive, BESS facility. The widespread integration of BESS into transmission and distribution systems is widely recognised as a key enabler of increased and more rapid integration of intermittent renewable energy into the UK electricity supply.
MEYGEN SUSTAINABLE ENERGY PARK
SAE are exploring the opportunity to collocate their world leading tidal stream project alongside storage solutions. Given their experience and expertise gained at Uskmouth Energy Park, they think there is an exciting opportunity to deliver tidal and storage at one site.
To combine the predictability and scale of their tidal project with the potential to store that power for when it is most needed is a compelling proposition for the Grid and potentially industries that are looking for predictable and continuous renewable power.
MEYGEN
Since 2010, as part of the Pentland Firth and Orkney Waters leasing round, The Crown Estate awarded an agreement for lease to MeyGen plc, granting the option to develop a tidal stream project of up to 398MW at an offshore site between Scotland’s northernmost coast and the island of Stroma, as shown in the map below.
The 3.5km site covers some of the fastest flowing waters in the UK, just 2km from Scotland’s north-east tip. To the north of the site is the uninhabited island of Stroma, which creates a natural channel with the mainland to accelerate the millions of tonnes of water flowing between the North Sea and the Atlantic Ocean every day. This site was originally identified by SAE in 2007, following a global review of tidal resource which concluded that the high flows, medium water depths and proximity to the mainland rendered it a prime location for development.
The MeyGen project is the largest planned tidal stream project in the world. In 2014 the MeyGen project received consent for 86MW.
SAE Renewables CEO Graham Reid on Energy Storage Strategy and Revenue Plans
