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RNS Number : 0910U Mast Energy Developments PLC 06 August 2025
Mast Energy Developments PLC
(Incorporated in England and Wales)
(Registration Number: 12886458)
LEI :213800HFVHGJ9YGO9F71
Share code on the LSE: MAST
ISIN: GB00BNG90H86
('MED' or 'the Company')
Dated: 6 August 2025
Mast Energy Developments PLC
("MED" or the "Company")
Artificial Intelligence ("AI") Datacentre Power Supply Joint Venture
Mast Energy Developments PLC is pleased to announce that it has signed a heads
of terms for an exclusive joint venture to develop, construct, and operate AI
datacentre power supply solutions, the highlights and details of which are
outlined below.
Joint Venture Key Details:
· UK Government is committed to scaling the UK's public sector AI
computing capacity by at least 20x by 2030;
· AI datacentre electricity demand expected to reach c. 8 GW by 2030,
up from c. 2.5 GW in 2024;
· Designated regions ("Growth Zones") will receive streamlined planning
approvals, with the first zone already confirmed with plans to develop up to
500 MW of power supply to support AI datacentres in that one zone alone;
· MED signed exclusive joint venture ("JV") heads of terms with C-Zero
Markets Ltd ("CZM"), a UK company with strong connections and a proven
track-record in the energy industry in the UK and EU (see below for more
details about CZM);
· Under the JV, MED and CZM will exclusively work together to identify,
develop, construct, and operate AI datacentre power supply solutions and
applications;
· JV will establish MED as an early mover and power supplier in the
rapidly growing AI datacentre industry, to gain maximum benefit;
· The short-term goal is to develop c. 50 MW of AI datacentre power
supply projects, and scale to 150+ MW in medium term;
· MED is already in discussions regarding an AI datacentre development
with a 25 MW power supply need;
· The JV will also look to attract AI datacentre developers to
co-locate next to MED's existing and future sites to benefit from economies of
scale;
· This new strategy will complement and is expected to significantly
grow MED's existing flexgen portfolio and the Company's goal to build a
portfolio of 300+ MW; and
· MED and CZM intend to enter in a binding definitive JV agreement
shortly.
Pieter Krügel, MED CEO, commented: "MED have identified the rapidly growing
AI datacentre industry and the associated increased need for power as an ideal
opportunity to expand MED's business model and complement our ultimate
strategy to build a portfolio of 300+ MW. We are thrilled to join forces with
C-Zero Markets in rolling out our new strategy, as they are an ideal JV
partner with their strong connections and a proven track-record in the energy
industry in the UK and EU.
We are planning to progress this new strategy at some pace, and look forward
to updating the market with positive developments over the coming weeks."
About C-Zero Markets:
C-Zero Markets were co-founded by Bruce Brown and Mike Ridler, each bringing
over 20 years of relevant experience to the business. CZM are experts in the
decarbonisation space, working end-to-end, from helping generators gain the
most from their renewable energy assets to assisting corporations in meeting
their sustainability goals. With established access to renewable commodity
markets in the UK and Europe, CZM are excellently positioned to deal with a
range of environmental commodities, doing their part to help funds flow into
technologies that will be key to a carbon-zero world. For more details, visit
CZM's website here - https://c-zeromarkets.com (https://c-zeromarkets.com) .
Stay up to date with MED's latest news and updates by joining our emailing
list and social media channels, as follows:
MED general enquiries - https://www.med.energy/contact
(https://www.med.energy/contact)
MED email alerts - https://www.med.energy/rnsannoucements-1
(https://www.med.energy/rnsannoucements-1)
MED LinkedIn page -
https://uk.linkedin.com/company/mast-energy-developments-plc
(https://uk.linkedin.com/company/mast-energy-developments-plc)
MED X (formerly Twitter) handle - @mastplc
ENDS
This announcement contains inside information for the purposes of the UK
version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ('UK MAR'). Upon the publication of this announcement, this inside
information is now considered to be in the public domain.
For further information please visit www.med.energy (http://www.med.energy/)
or contact:
Pieter Krügel info@med.energy (mailto:info@med.energy) Mast Energy CEO
Developments PLC
Guy Wheatley, CFA +44 (0)74 9398 9014 Fortified Securities Corporate Broker
Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate Broker
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