RCS - Active Energy Group - Operational Deployment & UAE Expansion Update

Active EnergyAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260331:nRSe7110Ya&default-theme=true

RNS Number : 7110Y  Active Energy Group PLC  31 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

 

31 March 2026

Active Energy Group plc

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

 

Operational Deployment & UAE Expansion Update

 

Active Energy Group Plc provides an update on its UAE operations and near-term
growth strategy.

On-the-Ground Deployment & Project Delivery

The Company confirms that a senior member of its management team is being
deployed to the UAE with immediate effect to oversee execution across key
operational workstreams.

The immediate priority is the final delivery and energisation of the Company's
8MVA project, which remains on track for completion by the end of April, in
line with the previous announcement on 9 March 2026.

In parallel, the local team is progressing commercial discussions with
prospective customers regarding the allocation of data hosting capacity
following energisation, with the aim of supporting near-term revenue
generation.

Once fully operational and based on current deployment assumptions, the site
is expected to generate approximately US$3.5 million in annual revenue, at an
estimated c.50% gross margin, equating to approximately US$1.75 million in
annual gross profit, which the partners intend to reinvest directly into the
development of subsequent phases. This reinvestment strategy provides a
self-funding growth model, enabling the Company to accelerate its rollout
programme while maintaining financial discipline. These estimates are subject
to prevailing market conditions, asset utilisation and operating performance.

Ghummud & Kazna - Deployment to Revenue

In addition, the management team will focus on completing the acquisitions and
progressing the deployment and commissioning of the Company's recently secured
5MVA grid-connected assets at Ghummud and Kazna.

Execution is currently focused on:

·      Finalising site readiness and infrastructure integration;

·      Deployment of modular data units across both locations;

·      Grid connection, energisation and testing; and

·      Transition into revenue-generating operations.

The Company is targeting operational readiness for both sites within 10-12
weeks, subject to normal execution and commissioning processes.

At steady state, Ghummud and Kazna are expected to contribute approximately
US$2.6 million in annual revenue and approximately US$1.2 million in annual
free cash flow, forming an important part of the Company's near-term cash flow
profile. These estimates are subject to prevailing market conditions, asset
utilisation and operating performance.

Pipeline & Re-Engagement of Initiatives

While on the ground, the team will also re-engage with several previously
identified initiatives that have stalled due to recent market conditions.

These initiatives are not new site acquisitions, but complementary programmes
intended to be deployed alongside existing and newly acquired assets. They are
designed to enhance the Company's overall offering, with a focus on improving
utilisation, operational efficiency and revenue potential across its
infrastructure base.

The Company believes that, as conditions stabilise, a number of these
initiatives may now be progressed in parallel with its core deployment
activities.

Further updates will be provided as appropriate.

 

Accelerated Acquisition Strategy

The Board believes the current UAE market environment continues to present
several potential opportunities, with certain operators and investors pausing
or adjusting rollout plans.

This may result in assets becoming available on more favourable terms.

Active Energy is assessing these opportunities and, where appropriate, may
pursue structured acquisitions, including deferred consideration and selective
equity participation.

The Company continues to target its 100MW strategy, with a near-term focus on
securing additional capacity over the coming months.

By focusing on energised or near-complete assets, the Company aims to reduce
execution timelines and support earlier revenue generation.

Chairman's Statement

Paul Elliott, Chairman of Active Energy Plc, commented:

"We continue to see encouraging developments within our target markets, with a
number of opportunities emerging alongside our existing operational progress.

The Board remains focused on disciplined execution, bringing assets into
operation efficiently, and building a platform capable of supporting
sustainable growth.

We are carefully evaluating a range of funding options to ensure the Company
is well positioned to progress its strategy while maintaining alignment with
shareholders."

 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/)

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFLFSTVRIIVIR



            Copyright 2019 Regulatory News Service, all rights reserved