REG - Mast Energy Dvlpmts. - 25 MW Portfolio Makes Signif. Development Progress

Quantum Data EnergyAnnouncement

21/10/2025 07:00

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RNS Number : 1039E  Mast Energy Developments PLC  21 October 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: 21 October 2025

 

MAST Energy Developments PLC

("MAST" or "MED" or the "Company")

 

MAST's New 25 MW Flexible Generation Portfolio Makes Significant Development
Progress

 

London, UK - Mast Energy Developments PLC (LSE: MAST) is pleased to announce a
significant progress update regarding its initial 25 MW portfolio of flexible
generation power projects, recently acquired as announced on 22 July 2025.
This update reflects the Company's continued execution of this new growth
strategy in tandem with its other growth strategies, key milestones achieved
to date, and forward plans to advance these projects towards
construction-ready status and beyond.

 

MAST Key Growth Strategies:

MAST has developed and implemented four key growth strategies, each of which
it is progressing simultaneously in order to establish a 300+ MW portfolio of
flexible generation power capacity as part of its long-term vision to build a
1 GW platform of distributed energy assets.

·    AI Datacentres Power Supply Strategy - read more here
(https://www.med.energy/aidatacentrepowersupply) ;

·    Holiday Parks Power Supply Strategy - read more here
(https://irtools.co.uk/98/story/ebe7ae88-89bc-4abe-a5b2-f08ff3b53850) ;

·    Brownfields Strategy, to acquire existing flexgen assets already
constructed, needing limited refurbishment, resulting in lower investment cost
and quicker timeline to income production - read more here
(https://www.med.energy/thepyebridgestory) ; and

·    Greenfields Strategy - as previously announced here
(https://irtools.co.uk/98/story/4a8bac32-a21c-49ba-b023-486a47a5d1b3) , and
with a progress update further below in this RNS announcement.

 

New Strategy and Key Benefits:

As announced on 22 July 2025, MAST has embarked on a strategic expansion plan
in partnership with Green Light Energy, focused on in-house development of a
pipeline of flexible generation power projects, which was historically
acquired from third-party developers at a significant premium. Through the
acquisition of exclusive rights to an initial 25 MW portfolio of five flexible
generation development projects, MAST has positioned itself as an early mover
under the new grid connection framework recently introduced by Ofgem.

MAST's new strategy delivers several strategic advantages:

 

·   Rapid portfolio expansion: doubling MAST's total operational and
development capacity from c. 23 MW to c. 48 MW, with a targeted build-out of
c. 100 MW in the short term under this specific development strategy;

·   AI Datacentre co-location: picking locations that also contain key
elements for AI datacentres, and attracting the co-location of AI datacentres
to our power projects, or co-locating next to existing datacentre
developments;

·    Low-cost site development model: early-stage acquisition of
greenfield projects and further development in-house significantly reduces
development premiums historically paid to third-party developers;

·   Technology optionality: each site can be developed as a low-carbon gas
turbine generator, battery energy storage system (BESS), solar, EV charging,
or hybrid solution, maximising commercial flexibility; and

·   Secured network access: all sites have confirmed grid connection access
despite the wider moratorium on new grid connections.

 

Progress Update:

MAST has achieved several critical milestones, advancing the 25 MW portfolio
towards construction-ready status:

 

·    Planning consent pre-applications completed for the MI and RN sites;

·   Property-rights heads of terms in advanced stage of negotiation and
execution expected shortly;

·   Gas capacity assessment completed by Distributed Energy Connections,
confirming sufficient capacity and availability across all sites; and

·   Grid connections confirmed as available for each site, at MAST's
preferred more profitable 11kV voltage levels.

 

The ongoing progress de-risks the overall development pathway and demonstrates
MAST's capability to advance multiple projects simultaneously in a constrained
infrastructure environment.

 

With key initial milestones achieved, MAST's focus now shifts to completing
the remaining pre-construction development activities required to progress the
portfolio.

 

Future Growth and Portfolio Expansion:

Building on the successful execution of this first phase, MAST is actively
pursuing a second phase of site acquisitions to expand its flexible generation
pipeline under the same development framework. The aim is to:

 

·    Add a further tranche of projects of similar size and scope to the
existing 25 MW portfolio;

·    Enhance geographic and network diversity to strengthen revenue
stream; and

·    Advance towards this strategy's 100 MW target, contributing to MAST's
broader objective of delivering a 300+ MW portfolio and realising its 1 GW
long-term vision.

 

Pieter Krügel, Chief Executive Officer at MAST Energy, said: "Our development
strategy is delivering tangible progress and establishing MAST as a leading
player in the flexible generation power market. Our new strategy's target is
one part of our broader plan to deliver over 300 MW of capacity and ultimately
build a 1 GW distributed generation platform. We've de-risked the first wave
of projects and are now focused on advancing through the next stages while
actively preparing the next phase of portfolio growth."

 

 

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

 

About MAST Energy Developments PLC:

MAST Energy Developments 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 MAST as a
leading AI infrastructure platform on the London Stock Exchange (read
more here (https://www.med.energy/aidatacentrepowersupply) ).

 

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      info@med.energy (mailto:info@med.energy)  Mast Energy           CEO

                                                              Developments PLC
 Guy Wheatley, CFA  +44 (0)74 9398 9014                       Fortified Securities  Corporate Broker

 

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