REG - Active Energy Group - UAE Operation Update Early Energisation at Ghummud

Active EnergyAnnouncement

20/04/2026 07:00

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RNS Number : 0185B  Active Energy Group PLC  20 April 2026

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20 April 2026

Active Energy Group plc

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

 

UAE Operations Update: Early Energisation at Ghummud

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to provide an operational
update on its UAE activities.

The Ghummud site is now fully energised ahead of schedule, with deployment of
modular digital infrastructure already underway. Based on current progress,
the site is expected to be operational materially ahead of the previously
indicated 10-12 week timeline.

This milestone further validates the Company's strategy of acquiring existing
grid connections as a faster, more capital-efficient route to revenue
generation. Rapid energisation and deployment significantly compress
timelines, reduce execution risk, and provide a clear pathway toward the
targeted 100MW rollout.

Building on this momentum, the Company expects to complete the previously
announced (17 March 2026) Kazna transaction by the end of April. Given the
advanced preparatory work already undertaken, energisation is anticipated to
follow on an accelerated basis.

Together, the Ghummud and Kazna sites will provide approximately 5.5
megavolt-ampere ("MVA") of available capacity, establishing a meaningful
initial operating base for the Company. Based on current deployment
assumptions and 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.

Importantly, this provides a clear and scalable unit economic model for
investors - demonstrating how each incremental MVA deployed can translate into
predictable revenue and cash flow. As the Company executes on its growth
strategy, scaling from 5.5MVA to 15MVA and ultimately toward its 100 megawatts
("MW") target, the compounding impact of these economics becomes increasingly
material, underpinning both near-term cash generation and long-term value
creation.

The Company continues to see a compelling window of opportunity to scale
through the acquisition of high-quality and ultra-low cost power grid
connections, avoiding the delays and uncertainties associated with new-build
developments, including permitting and utility approvals.

In line with this strategy, Active Energy has identified two additional grid
connection opportunities and has commenced initial due diligence and
commercial negotiations.

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

"Early energisation at Ghummud is a clear proof point of our strategy in
action. By focusing on acquiring ready-to-deploy grid connections, we are
materially reducing time to revenue and capital intensity, while accelerating
our path to scale. With Kazna progressing and further opportunities already
under review, we are building strong momentum towards our 100MW target and
establishing a scalable and ultra-low cost power digital infrastructure
platform across the region."

 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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