RCS - Active Energy Group - Acquisition of Grid Infrastructure Asset

Active EnergyAnnouncement

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RNS Number : 8564W  Active Energy Group PLC  17 March 2026

This 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

 

17 March 2026

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

 

Active Energy Expands Grid Infrastructure Portfolio with Additional
Acquisition

 

Further 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).

 

The 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.

 

The Asset itself is non-operational, consisting solely of the energised grid
connection, transformer infrastructure and associated land rights.

 

Following 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.

 

The 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.

 

Together 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.

 

When 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-generating operations and positive cash
flow as infrastructure is deployed and capacity contracted.

 

Consideration

 

Total consideration for the proposed Acquisition is £850,000, structured as
follows:

 

Equity - £450,000

To be satisfied by the issue of new ordinary shares in Active Energy at 0.1
pence per share, representing a premium to the most recent closing market
price of 0.08 pence per share, being 16 March 2026, subject to the required
shareholder authorities to allot new ordinary shares.

 

The new shares issued as part of the equity consideration will be subject to a
12-month lock-in, aligning the vendor with the Company's long-term growth
strategy.

 

Deferred Cash - £400,000

The cash element of the consideration will be again deferred at two equal
parts over a 12-month period following completion, consistent with the payment
structure agreed for the Ghummud acquisition.

 

The Board believes this structure demonstrates strong capital discipline by
utilising Company equity issued at a premium to recent trading levels while
deferring cash consideration to preserve the Company's balance sheet as
infrastructure is deployed.

 

The Acquisition remains subject to the completion of customary due diligence
and the execution of definitive agreements.

 

Further announcements will be made as and when appropriate

 

Paul Elliott, CEO of AEG, commented:

"Securing a second grid connection so soon after the Ghummud announcement
demonstrates the momentum we are building in assembling ultra-low-cost
energised power infrastructure in the region.

 

These two newly acquired sites provide approximately 5 MVA of deployable
capacity and, when combined with our existing infrastructure, give Active
Energy access to around 13 MVA of energised grid capacity.

 

This forms the cornerstone of our strategy to transition from development to
operating ultra-low-cost power infrastructure, enabling us to deploy modular
digital infrastructure, secure off-take agreements and move toward becoming a
revenue-generating and cash positive business."

 

 Active Energy Group Plc                  Paul Elliott (CEO)                                      info@aegplc.com

                                          Pankaj Rajani (Non-Executive Chairman)

 Website                                  LinkedIn                                                 'X'

 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

 

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