Ampeak Energy Limited — Major milestone reached on flagship AW1 project

(LSE:AMP) Ampeak Energy Limited has completed the delivery of all batteries and key components for its 240MWh Afon Wysg 1 (AW1) battery project at Uskmouth. The delivery included 55 batteries, 36 inverters, and 18 twin skids. The equipment delivered weighs approximately 3,000 tonnes. The delivery process took place over 22 days. Foundations and infrastructure have been prepared to enable a potential expansion of the project to 480MWh. Ampeak Energy intends to seek financial close for the 480MWh expansion shortly after the 240MWh asset becomes operational. The project is on track for energisation later this month. Full commercial operation of the 240MWh asset is targeted for Q1 2027. The company cites the reuse of around two thirds of the existing export cable as a time- and cost-saving measure. Rail-imported aggregates have also been used to save time and costs. The AW1 project is described as Ampeak Energy's flagship project. The company has highlighted the completion of this delivery as a major milestone. The announcement does not specify any counterparties or named executives.