Orcadian Energy Plc · LSE:ORCA
Orcadian Energy — Corporate Update (October 2026)
11 slides from Orcadian Energy's corporate update, Oct 7, 2026
Slide 1: Earlham Gigagrid
EARLHAM GIGAGRID October 2026 A pathway to deliver near zero emission gigascale compute 1
Slide 2: Disclaimer
Disclaimer This presentation and its enclosures and appendices (the “Presentation”), and any presentation made verbally in Company’s assumptions as to gas price, capital cost, utilisation and the treatment of carbon taxes. These are not connection with it, have been prepared by Orcadian Energy plc (
Slide 3: Investor update on Earlham Gigagrid
Investor update on Earlham Gigagrid ● We keep learning stuff and we want to share it with you all ● We have very good answers to the following questions ● Why put a data centre offshore, next to a power generation platform? ● Can an offshore power station work? ● Can a datacentre fit on a platform?
Slide 4: Why put a data centre offshore?
Why put a data centre offshore? Satellite Wellhead Why put a data centre offshore next to a power platform? Platform Satellite Data Centre ● It is where the gas is and where the power is: energy first ● Private wire electricity prices are much lower than grid prices even with CO2 Mobile Offshore Gen
Slide 5: Can a data centre work offshore?
Can a data centre work offshore? Can an offshore power station work? ● Over the last half century the UK’s oil and gas industry has operated countless islanded microgrids delivering mission 50 x critical power Pascal 6
Slide 6: Can a data centre work offshore? Rack power kw
Can a data centre work offshore? Can an offshore power station work? ● Over the last half century the UK’s oil and gas industry has 600 operated countless islanded microgrids delivering mission 50 x critical power Pascal Can a data centre fit on a platform? 450 Rack power kw ● Chip manufacturers des
Slide 7: How many floors would a 200MW version of Minihard need on an offshore platform?
How many floors would a 200MW version of Minihard need on an offshore platform? ● SpaceXAI’s Minihard data center building in Memphis is approximately 312,000 square feet spread across four storeys ● GPU Capacity: 220,000 Nvidia GB300 GPUs pulling 450MW of power; 400MW IT load ● Approximately 3,000
Slide 8: How do you do carbon capture so cheaply?
How do you do carbon capture so cheaply? Confidential Carbon taxes Cooled exhaust gasses 20-year NPV10 are compressed Pre-tax pro t Gas Opex Capex 10 ● Capsol GT system is integrated into the overall power generation package, no retro-fit of equipment which is generally expensive Including No carbon
Slide 9: How much is the effective cost of electricity with an offshore private wire?
How much is the effective cost of electricity with an offshore private wire? Gas development Power station target IRR 15% target IRR 20% ● To estimate the power cost for the compute operator we Climate Change Levy is charged, the private wire power target that the gas development project earns a 20%
Slide 10: An onshore data centre compared to an offshore one
An onshore data centre compared to an offshore one Onshore ❌ Power supply Reliance on grid, project pace Dedicated, reliable power supply ✅ Offshore “in someone’s backyard” de ned by grid connections; noise with simple power delivery from gas and emission limitations on back-up well to busbar, decar
Slide 11: Earlham Gigagrid – a project enabled by oil & gas, wind and data centre industries
Earlham Gigagrid – a project enabled by the oil & gas, wind and data centre industries, and government departments working together Licensees Wind farm operator Low calorie gas is Compute operator monetised Secure data centre site Potential alternate route to close to power and demand market Communi