Mey BESS planning

Ampeak Energy is pleased to announce that it has today received notification from the Energy Consents Unit that Scottish Ministers have granted Section 36 consent ("Consent") for the Company's Mey BESS battery storage project in the North of Scotland (the "Mey BESS Project").

The Consent permits the development of a battery energy storage facility with an installed capacity of up to 300MW/1,200MWh, comprising containerised battery units and ancillary infrastructure. The Consent is subject to standard conditions and is accompanied by deemed planning permission under Section 57(2) of the Town and Country Planning (Scotland) Act 1997.

Ampeak Energy is working towards achieving financial close on the Mey BESS Project in 2027/2028, with an operational date targeted for end of 2029, in line with the current grid connection programme. The Company will leverage its expertise, learnings and relationships gained from financially closing and building the 240MWh AW1 project at Uskmouth into delivering the Mey BESS Project.

The Mey BESS Project, along with Ampeak Energy's battery projects at Uskmouth, Wales, represents a portfolio of 2.93 GWh of consented battery storage projects.

Graham Reid, Ampeak Energy CEO, commented:

"This is another milestone for the business and a great way to start the year. Building on our experience and success at Uskmouth and demonstrating our ability to apply that to other projects is a testament to the team and puts us in a very good position as we continue to expand our portfolio."