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Energy company announces world first as its tidal power project hits major output milestone - TL;DR CNBC

Energy company announces world first as its tidal power project hits major output milestone

Publishing timestamp: 2023-02-22 14:45:45


Summary

SAE Renewables announced that their tidal stream array off the coast of Pentland Firth has become the first in the world to generate 50GWh of electricity, a significant milestone in the delivery of tidal stream power at scale. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general, and there has been some progress in recent years in terms of tidal stream capacity.


Sentiment: POSITIVE

Tickers: SAE-GB

Keywords: businessenvironmentenergyalternative and sustainable energynorth searenewable energyclimatesimec atlantis energy ltdscotlandbusiness news

Source: https://www.cnbc.com/2023/02/21/firm-announces-world-first-as-tidal-power-project-passes-milestone.html


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