Simec Atlantis Energy Ltd (SAE) shares climbed 24% as it confirmed its Uskmouth site in Wales will be used for one of the UK’s largest battery storage (BESS) projects.
In a statement, SAE said a subsidiary of Quinbrook Infrastructure Partners gave formal notice yesterday to exercise an option to lease land at Uskmouth for a BESS project with 230MW/460MWh capacity.
Shares in SAE rose 0.25p to 1.3p.