viewRegency Mines PLC

Regency Mines lodges application for first connection as part of move into flexible grid solutions

Regency Mines has moved into grid solutions, following the appointment of new management

Regency Mines PLC -

Regency Mines PLC (LON:RGM) has submitted an application for grid connection for its first flexible grid solutions project in Southport.

"Application for the grid connection is a critical step forward towards financial close at our first project in Southport,” said Regency chief executive Scott Kaintz in a statement. 

“With this key objective now completed, the company remains on target for maiden revenues by end of 2020," he added.

Working alongside inputs from ion Ventures Limited, the company has submitted form EREC G99 to Scottish Power Energy Networks.

The submission of the G99 form sets out the electricity connection details to ensure connection is properly designed and compliant with network requirements. The application form contains details of the planned generating units, including their specifications, and information on the proposed equipment to be associated with the site. 

Following the application, the company expects to receive an offer for the connection which will specify the conditions, the type of connection approved as well as any associated connection charges.   

The project will initially involve the installation of a gas-fired "peaker plant" with 7.2MW generation capabilities. 

These plants ease pressure on power networks by levelling out imbalances in supply and demand, generating and selling electricity when prices are high. This will then be followed by up to 4MW installation of energy storage using containerised lithium ion batteries. 

This provides the site with the ability to produce power when appropriate and store it for onward sale into the grid during periods of peak demand. The purchase of inexpensive power from the grid during off-peak times or when renewable production is higher than expected is also then possible through use of the battery installations.

Quick facts: Regency Mines PLC

Price: 0.795 GBX

Market: LSE
Market Cap: £1.51 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Regency Mines PLC named herein, including the promotion by the Company of Regency Mines PLC in any Content on the Site, the Company receives...



Full interview: Regency Mines 'in the right place at the right time and with...

Regency Mines PLC's (LON:RGM) chief executive Scott Kaintz updates Proactive London's Andrew Scott on the firm's recent developments with its projects and board changes including the hiring of James Parsons as executive chairman. ''We come into work with a bit of a chip on our shoulders'',...

on 27/1/20

2 min read