REG - Active Energy Group - Acceleration of Revenue at Ghummud Site

Active EnergyAnnouncement

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RNS Number : 8666C  Active Energy Group PLC  05 May 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

05 May 2026

Active Energy Group plc

 

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

 

Acceleration of Revenue at Ghummud and Validation of Pre-Sold Capacity
Strategy

Further to the Company's announcement dated 20 April 2026 regarding the
energisation of the Ghummud site, Active Energy is pleased to confirm that it
has successfully redeployed digital infrastructure originally procured for its
8 Mega Volt Ampere ("MVA") development site in the United Arab Emirates
("UAE") to the Ghummud facility, enabling immediate utilisation and
accelerated revenue generation.

Following the Company's announcement on 28 April 2026 confirming that the 8
MVA UAE site will act as the blueprint for the proposed 100 MVA rollout under
the strategic collaboration with Bitdeer Technologies Group, the Company has
taken the decision to reallocate clients originally scheduled for the 8 MVA
UAE site  across the Ghummud and the Kazna sites, once energised.

As disclosed in the Company's RNS of 6 October 2025, approximately 35% of the
8 MVA capacity had been pre-sold, increasing to approximately 60% as announced
on 13 January 2026. These contracted positions provide clear visibility on
near-term utilisation and underpin the Company's ability to transition
customers immediately onto energised capacity.

Once at maximum capacity, the Ghummud site will be capable of generating
annualised hosting revenue of $400,000 per MVA per annum. We anticipate this
will be achieved within the next six weeks. This demonstrates a clear pathway
to positive free cashflow for the operating activities of the Group.

In parallel, the Company is progressing the configuration of its 8 MVA UAE
development site to Bitdeer's technical specifications. This standardisation
is designed to ensure full compatibility across the planned rollout,
maximising performance, reliability and operational efficiency as the platform
scales.

 

Paul Elliott, CEO of Active Energy Group plc, commented:

"This update highlights both the strength of our commercial model and the
execution capability of the platform we are building. The ability to redeploy
pre-sold capacity onto energised infrastructure allows us to accelerate
revenue and cash flow without delay.

At the same time, aligning our 8 MVA UAE site to Bitdeer's specifications
ensures we are developing a standardised, high-performance platform ready for
scale. This combination of contracted demand, operational flexibility and
strategic alignment puts us in a strong position as we progress towards our
100 MVA target."

The Company will continue to update the market as further capacity is
energised and deployed.

 

Enquiries:

 

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

                                          Pankaj Rajani (Non-Executive Chairman)

 Zeus                                     Antonio Bossi / Darshan Patel                           Tel: +44 (0) 203 829 5000

 Nomad and Broker                         (Investment Banking)

                                          Nick Searle                                             Tel: +44 (0) 203 829 5633

                                          (Sales)

 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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