Business
Acquisition of Grid Infrastructure Asset
Active Energy Group PLC has agreed to acquire an additional energised grid connection infrastructure asset in Abu Dhabi for a total consideration of £850,000, comprising £450,000 in new ordinary shares issued at a premium of 0.1 pence per share and £400,000 in deferred cash over 12 months post-completion. This asset, a 1.5 MVA grid connection providing 1.275 MW of available load, will, along with the previously announced Ghummud site, bring the company's secured energised capacity to approximately 13 MVA. The company plans to deploy digital infrastructure for high-performance compute and digital hosting clients, aiming to transition into revenue-generating operations and positive cash flow. Disclaimer*
About this update from Active Energy Group Plc
[{"type":"text","content":"\n\nThis is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance\n \n17 March 2026\nActive Energy Group plc\n\n(\"Active Energy\", the \"Company\" or the \"Group\")\n \nActive Energy Expands Grid Infrastructure Portfolio with Additional Acquisition\n \nFurther to the Company's announcement of 10 March 2026 regarding the proposed acquisition of the Ghummud grid connection asset in Abu Dhabi, Active Energy (AIM: AEG - OTID: AEUSF) is pleased to announce that it has agreed terms to acquire an additional energised grid connection infrastructure asset in the same region (the \"Acquisition).\n \nThe asset comprises a 1.5 megavolt-ampere (\"MVA\") grid connection, providing approximately 1.275 megawatts (\"MW\") of available load (the \"Asset\"). The connection requires only modest upgrade works prior to the deployment of digital infrastructure.\n \nThe Asset itself is non-operational, consisting solely of the energised grid connection, transformer infrastructure and associated land rights.\n \nFollowing completion and the planned minor upgrade works, Active Energy intends to deploy its modular digital infrastructure layer, enabling the site to provide access to ultra-low-cost power under structured off-take agreements for high-performance compute (\"HPC\") and digital hosting clients.\n \nThe vendor of this Asset is independent from the vendor of the previously announced Ghummud site, further demonstrating the Company's ability to source grid infrastructure opportunities across the region. The Board believes that current market conditions may present additional opportunities to secure energised power infrastructure assets at attractive entry points as some investors reassess development timelines.\n \nTogether with the previously announced 3.5 MVA Ghummud site, these two newly secured grid connections will provide approximately 5 MVA of energised capacity available for digital infrastructure deployment.\n \nWhen combined with the Company's existing 8 MVA of grid capacity, Active Energy will have secured approximately 13 MVA of energised power infrastructure, providing a cornerstone platform from which the Company expects to transition into revenue-ge...