REG - Active Energy Group - Execution of Heads of Terms for Fonmon BESS

Built CyberneticsAnnouncement

15/08/2025 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:20250815:nRSO4300Va&default-theme=true

RNS Number : 4300V  Active Energy Group PLC  15 August 2025

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.

15 August 2025

Active Energy Group plc

("Active Energy" or the "Company")

Execution of Heads of Terms for Fonmon Battery Energy Storage System

Active Energy Group Plc, an alternative energy company focused on the
deployment of renewable infrastructure and the integration of advanced digital
technologies, is pleased to announce a step forward in its renewable energy
strategy with the signing of Heads of Terms to develop a 150MW Battery Energy
Storage System ("BESS") in the Vale of Glamorgan, in partnership with Fonmon
Castle Ltd ("FCL"). This project is designed to support the UK's transition to
clean energy and strengthen national energy security.

Under the Heads of Terms:

·      FCL will make approximately 10 acres available on a 30-year lease
for the construction of the BESS facility.

·      AEG will invest £40,000 to advance the site's promotion,
including District Network Operator ("DNO") applications and planning consent,
led by specialist consultants.

·      The Heads of Terms is valid for 18 months, during which AEG will
actively support planning and development.

·      Upon securing planning consent and lease commencement, AEG's
£40,000 investment will be reimbursed and receive 5% of the first year's
rent.

The proposed BESS facility is targeted to deliver 150MW of storage capacity,
with an anticipated annual rent of £300,000 payable to FCL and a lease term
of 30 years. Final commercial terms remain subject to agreement.

This collaboration marks a significant step in AEG's strategy to support
renewable energy infrastructure and promote energy security in the UK.

Further updates will be provided as the project progresses.

Paul Elliott, CEO of Active Energy Group Plc, commented: "The Fonmon BESS is a
flagship opportunity for AEG to deliver meaningful energy infrastructure that
supports the UK's low-carbon future. We're excited to move this project
forward at pace."

The Board of Active Energy Group plc has approved this announcement and
authorised its release.

Bruton Knowles are acting as agent for both Active Energy and FCL.

 

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

 Nominated Adviser and Broker             (Investment Banking)

                                          Nick Searle

                                          (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/)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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  MSCPKQBKCBKDFFD