24th May 2021 12:08
(Alliance News) - SIMEC Atlantis Energy Ltd on Monday said its tidal turbine facility in Naru Island, Japan has passed government inspections while its Uskmouth power station conversion project in Newport, Wales remains under review.
SIMEC shares were trading up 28% at 7.84 pence each in London on Monday around midday.
The sustainable energy company said its tidal power facility in Naru Island, Japan, is now recognised as an "official power generation facility" after passing pre-use inspection tests implemented by the Japanese government.
Site tests were undertaken in collaboration with SIMEC's client Kyuden Mirai Energy and were carried out by the Ministry of Economy, Trade & Industry who is a major stakeholder in approving renewable energy projects in Japan.
These tests demonstrated to METI that the tidal facility adheres to the government's regulatory standards. The Scottish-built turbine performed well during the strongest tides expected this year and proved able to shut down safely in the event of a power outage or emergency trigger from on-shore. Inshore and offshore facilities and equipment were also inspected.
Although energy output is limited to meet restrictions, the installed AR500 tidal turbine can generate over 90 megawatt-hours at its peak. The company commented: "This pilot is the first large scale project of its kind in Japanese waters and has shown how the tidal industry can make a meaningful contribution in Japan's ambition to diversifying its energy supply towards renewable sources."
Chief Executive Graham Reid said: "We are all delighted to have achieved this accreditation from METI as this confirms the capability and reliability of our technology and is a huge step forward in paving the way to the next phase of this exciting project and other future projects in Japan."
Closer to home, SIMEC separately said it on Friday submitted a 'statement of case' to the planning inspectorate for the planned conversion of the Uskmouth Power Station in Newport, Wales. SIMEC hopes to convert the plant to produce more sustainable energy by burning waste derived fuel pellets instead of coal.
Newport City Council previously recommended that the conversion of the power station be approved, the firm noted.
SIMEC now awaits feedback on its environmental statement for the Uskmouth conversion project from the planning inspectorate.
By Scarlett Butler; [email protected]
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