REG - Quantum Data Energy - Hindlip breaks ground and update on 7 MW purchase

Mast Energy DevelopmentsAnnouncement

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RNS Number : 3687G  Quantum Data Energy PLC  06 November 2025

Quantum Data Energy PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BNG90H86

 

Dated: 6 November 2025

 

Quantum Data Energy PLC

("Quantum", "QDE" or the "Company")

 

Quantum's Hindlip 7.5 MW FlexGen Power Project Breaks Ground

and

Progress Update on Acquisition of 7 MW Brownfield FlexGen Site

 

London, UK - Quantum Data Energy PLC (LSE: MAST) is pleased to announce,
further to its previous RNS announcement dated 7 October 2025 that its 7.5 MW
Hindlip flexible generation power project ("Hindlip") that is fully funded in
partnership with Powertee, has officially broken ground on-site marking a key
milestone in the site's construction progress and keeping to the planned
timeline to completion of construction and commercial operation and income
production.

 

Further, Quantum is pleased to announce a progress update regarding its
acquisition of a 7 MW flexible generation brownfield site as previously
announced on 4 September 2025.

 

Hindlip Construction Progress Key Highlights:

Quantum is pleased to confirm that on-site mobilisation and civil works
recently commenced, marking a significant milestone in the delivery of the
Hindlip project.

 

Key activities and next steps are as follows:

·    Site clearance and preparation commenced is expected to continue
until mid-November 2025;

·    Retaining walls to be installed by week ending 9 November 2025;

·    Concrete foundation works for the engines, gas metering skid,
transformers, control room, and HV switch room are scheduled to start
imminently and be completed by approximately 8 December 2025;

·    Permanent site fencing will be installed from mid-November 2025; and

·    Major equipment deliveries and installations, including the
Rolls-Royce mtu engines and balance of plant, are expected to commence in
early 2026.

 

These developments reinforce that Hindlip remains firmly on track to achieve
commercial operations (COD) in Q2 2026, as previously announced.

 

Progress photos from the Hindlip site showing the start of civil works are
included below:

 

 

1.   Site clearance and soil removal starts

 

2.   Ground preparation for foundations

 

 

3.   Quantum's Head of Operations meeting with civil contractor on site

 

4.   General view of construction mobilisation at Hindlip site

 

 

 

 

 

 

5.   Foundations for retaining walls

 

 

Progress Update on Acquisition of 7 MW Brownfield FlexGen Site:

Quantum is pleased to report substantial progress towards the completion of
the acquisition of the 7 MW 11kV flexible generation power brownfield site
located in England (the "FlexGen Site").

 

Since the initial announcement, Quantum has achieved the following milestones:

 

·    Offer to purchase the site as previously announced has been
officially accepted by the seller;

·    Technical due diligence has been successfully completed;

·    Full Engineering, Procurement, and Construction ('EPC') scope of work
assessment has been completed in consultation with Yellow Power; and

·    Legal due diligence and commercial negotiation of the Sale and
Purchase Agreement ('SPA') are well advanced and nearing finalisation.

 

The Company expects to complete the transaction within Q4 2025, subject to DD
and contract, consistent with the timeline previously communicated.

 

Ivan Wentzel, Head of Operations at Quantum Data Energy PLC, said: "We are
delighted with the solid progress across both our Hindlip new-build project
and the 7 MW FlexGen Site acquisition. The Hindlip project's progress into the
civil construction phase represents another important step toward our COD
target in Q2 2026. At the same time, the FlexGen Site acquisition continues to
advance in line with expectations, strengthening Quantum's near-term portfolio
growth trajectory."

 

Stay up to date with Quantum's latest news and updates by joining our emailing
list and social media channels, as follows:

 

 Website               https://quantumdata.energy (https://quantumdata.energy)
 General enquires      https://quantumdata.energy/contact (https://quantumdata.energy/contact)
 RNS email alerts      https://quantumdata.energy/news (https://quantumdata.energy/news)
 LinkedIn              https://www.linkedin.com/company/quantum-data-energy-plc/
                       (https://www.linkedin.com/company/quantum-data-energy-plc/)
 X (formerly Twitter)  @mastplc

 

About Quantum Data Energy PLC:

Quantum Data Energy PLC (LSE: MAST) is a UK-based developer, operator and
owner of flexible generation power assets. The Company has deep expertise in
infrastructure planning, grid access, gas access, and efficient power
supply. Its new AI power supply strategy is intended to position Quantum as a
leading AI infrastructure platform on the London Stock Exchange.

 

Issued Share Capital and TVR:

 

This part of the announcement is made in accordance with DTR 5.6.1.

 

Capitalised terms used in this part of announcement have the same meaning as
those given to them in the Company's RNS announcement dated 23 May 2025 unless
otherwise defined.

 

The Company announces that following the application to and subsequent
approval by the London Stock Exchange for the Prepaid and Cash Warrants block
listings as previously announced on 17(th) September 2025 and 7(th) October
2025 respectively, the Company has issued 57,685,000 shares fully paid
("Ordinary Shares"). The Ordinary Shares' issues follow the exercise of
Prepaid and Cash Warrants, issued pursuant to the Equity Fundraise announced
on 11 July 2025.

 

Such Ordinary Shares were admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for listed
securities under the Company's Prepaid and Cash Warrants block listings
facilities. Following this issue, the Company has the ability to issue a
further 61,965,142 Prepaid Warrant shares and 242,250,000 Cash Warrant shares
under the block listing facilities.

 

As of 5 November 2025, the Company's issued share capital will consist
of 83,095,927 Ordinary Shares with voting rights. The Company does not hold
any ordinary shares in treasury. This figure of 83,095,927 may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they require to notify their interest in, or a change
to their interest in, the share capital of the Company under the UK Financial
Conduct Authority's Disclosure Guidance and Transparency Rules ("DTR").

 

Resultingly, as of 5 November 2025, the beneficial holding of Paul Venter,
non-executive director and chairman of the Company, will be 2.36% interest in
the issued share capital of the Company. Further, as of 1 November 2025, the
beneficial holding of Riverfort Global Opportunities PCC Ltd will be 2.05%.

 

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.

 

 Pieter Krügel      contact@quantumdata.energy (mailto:contact@quantumdata.energy)  Quantum Data Energy PLC  CEO
 Guy Wheatley, CFA  +44 (0)203 4117773                                              Fortified Securities     Corporate Broker

 

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