RCS - Active Energy Group - Operational Update on Initial 8 MVA UAE Deployment

Active EnergyAnnouncement

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RNS Number : 5140F  Active Energy Group PLC  22 May 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.

 

Active Energy Group plc

 

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

Operational Update on Initial 8 MVA UAE Deployment Site

 

Further to the Company's announcements on 24 April 2026 and 28 April 2026
regarding the proposed collaboration with Bitdeer Technologies Group (NASDAQ:
BTDR) ("Bitdeer"), Active Energy is pleased to confirm that the initial 8 MVA
UAE site is now prepared and ready to receive the modular data infrastructure
expected to be deployed by its proposed JV partners for operational use.

 

The Company is currently working alongside its proposed JV partners in
relation to final deployment planning, logistics and delivery scheduling
associated with the modular infrastructure.

 

The video demonstrates the progression of the site from initial concept
through to infrastructure readiness and deployment preparation.

 

https://x.com/aegplc/status/2057742042051293201?s=46&t=qAGBdrP_clL6ORuO8-gTCg
(https://x.com/aegplc/status/2057742042051293201?s=46&t=qAGBdrP_clL6ORuO8-gTCg)

 

Indicative Economic Model

As previously announced, the proposed infrastructure-led model is expected to
position Active Energy as the power, hosting and operational delivery partner,
with Bitdeer deploying mining infrastructure and equipment.

 

Subject to final terms and operating conditions, the Company previously
outlined indicative economics of:

 

·      Approximately US$300,000 revenue per MVA per annum from
infrastructure and power hosting

·      Approximately 8.3 BTC production per MVA per annum, subject to
network conditions

 

The Board believes the pilot deployment structure provides a scalable and
lower-risk pathway toward larger-scale deployment opportunities across the
UAE.

 

There can be no certainty that any definitive agreement will be entered into
or that these indicative economics will ultimately be achieved.

 

Paul Elliott, CEO of Active Energy, commented:

 

"We are pleased to demonstrate the operational progress being made across our
UAE platform and to show shareholders the journey from concept through to
infrastructure readiness.

 

The site is now prepared to receive the modular infrastructure expected to be
deployed under the proposed JV structure, representing another important step
in progressing the collaboration with Bitdeer.

 

We believe the combination of infrastructure readiness, local execution
capability and strategic partnerships positions the Company strongly for
future scaling opportunities across the UAE."

 

 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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