REG - Quantum Data Energy - Significant Progress with Funding at Project Level

Quantum Data EnergyAnnouncement

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RNS Number : 7720J  Quantum Data Energy PLC  02 December 2025

Quantum Data Energy PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BNG90H86

 

 

Dated: 2 December 2025

 

Quantum Data Energy PLC

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

 

QDE Makes Significant Progress with Growth Funding at Project Level

 

London, UK - Quantum Data Energy PLC (LSE: MAST) is pleased to announce that
it has made significant progress with procuring funding for its existing
portfolio of flexible generation power projects, and opportunistic
acquisitions of existing operational flexgen assets to expedite QDE's progress
to its first target of building a 300+ MW portfolio of flexgen assets. The
funding which will be structured at SPV project level, therefore non-dilutive
to PLC shareholders, will enable QDE to get each project into construction
through to production and income generation in the case of development
projects and, enable the acquisition of existing operational flexgen assets. A
key milestone for the Company has been the appointment of Sustainable
Investing Solutions ("SIS") to assist the Company with its growth funding at
project level process.

Why QDE Partnered with Sustainable Investing Solutions ("SIS"):

David Short ("DS") founded SIS in 2017 and now works in partnership with Helen
Wade ("HW") of Andaman Energy & Infrastructure ("HW&DS"), bringing
together two leading specialists in the field of sustainable energy
investments. By combining forces, HW&DS provide their carefully selected
limited number of clients with a unique service that sets them apart from
their peers, most notably:

·    Fifty-nine years combined experience at senior level in the
sustainable infrastructure sector; investment banking, portfolio management,
workouts & restructurings;

·    Exceptional track record of success across the industry, transacting
over $22.5bn within sustainable infrastructure;

·    Access to capital from a range of financiers; banks institutional
investors, private investors, investment funds and family offices;

·    FCA vetted and approved; and

·    FSQS registered.

QDE Growth Funding at Project Level Plan and Progress:

QDE in consultation with HW&DS crafted a project finance investment plan,
comprising two main components.

·    Component 1 - Capex funding for QDE's existing portfolio of
development sites comprising c. 40 MW (read more here
(https://quantumdata.energy/projects) ) to get each project into construction
through to production and income generation.

·    Component 2 - Opportunistic acquisition of portfolios of existing
operational flexgen assets with a target of around 300 MW.

 

Funding for Component 1 and 2 will be structured at SPV project level, and QDE
will benefit from a significant equity interest with no further funding
obligations, associated share of earnings, ROFR to buy majority equity
holder's shares, and exclusivity to provide management services to each
project SPV resulting in additional income to QDE.

 

Regarding Component 2, during 2024 and 2025 to date, an estimated 1,449 MW of
operational flexgen assets have come to market and are in the process of
transacting or already transacted. Several of the recent sales have been
driven by investment funds needing to crystalise tax benefits, primarily
through a strategy known as tax-loss harvesting. It is estimated that there
are a further significant number of MWs which the current owners are
considering selling. Illustrating a healthy supply of and demand for
operational flexgen assets which gives QDE the opportunity to achieve
significant scalability at pace. A further benefit of opportunistic
acquisitions is that it typically involves a substantially lower investment
cost per MW, and essentially cashflow generative from day one.

 

HW&DS have approached a carefully selected number of preferred investors
and are confident that they will be able to attract and secure funding for
QDE's growth plans. The plan and intention is to reach financial close with at
least one investor during Q1 2026.

 

Pieter Krügel, Chief Executive Officer at Quantum Data Energy PLC, said: "We
are delighted to work with Helen and David who are leading specialists in the
sustainable energy investment industry, with an exceptional track record of
success across the industry, transacting over $22.5bn within sustainable
infrastructure. Helen and David select their clients very carefully to ensure
maximum chance of success, and I am as confident as they are that we will be
successful in securing significant funding at project level for our growth
plans. We are looking forward to progressing to financial close at some pace."

 

David Short, Chief Investment Officer at Sustainable Investing Solutions,
said: "Flexgen is integral to achieving the net zero targets, ensuring grid
stability and security of supply.  QDE's strategy is to target a niche
sub-sector of this market - small-scale assets (5-10MW) close to high
population centres. These assets are ETS carbon exempt, qualify for
additional ancillary services income and are given grid connection priority by
NESO via 11kV connections, which makes the investment opportunity very
compelling.  Importantly, QDE is future-proofing all of its assets by
ensuring they are green gas ready. It is a pleasure working with the highly
experienced QDE team on these exciting transactions.

 

About Helen Wade:

Helen is a project finance professional specialising in sustainable
infrastructure for over 20 years. She has completed in excess of $3.5 billion
in deals globally including ground-breaking and award-winning transactions.

 

Having closed so many projects she understands what is needed to deliver a
robust and long-term commercially viable transaction. Her use of project
finance risk mitigation disciplines ensures that projects are resilient to
potential impacts on performance and are structured to achieve bankable
investment opportunities.

 

Helen runs her own business where her clients include global industrial
organisations, ranging in size from institutional investors to start ups. She
works alongside both project developers to ensure every part of a project is
structured to attract investment and investors, originating projects to meet
their investment parameters.

 

Prior to setting up Andaman Energy & Infrastructure, she led the EU
renewable energy business at National Australia Bank and subsequently held
senior positions at investment groups including leading an incorporated
investment fund in their IPO on the London Stock Exchange.

 

Because of her vast connections within the renewable energy markets, she has
sat on numerous industry steering committees, government advisory bodies and
roundtables, openly sharing her experiences and knowledge. Helen is an Alumnus
of the Cambridge University Business & the Environment Programme.

 

About David Short:

David has a wealth of knowledge of the renewable energy sectors from a
technical, developer and banking perspective. He is well placed to advise
clients on renewable energy development from market entry, regulation and
policy, through to bankability, operations and disposal. David has advised and
financed more than 4.5GW of numerous renewable energy technologies globally
with capital values in excess of $17bn.

 

Prior to establishing Sustainable Investing Solutions, David had worked at
Mizuho Financial Group since 2000 with an initial focus on structuring
renewable energy transactions utilising tax benefits where applicable. He
transferred to the bank's power and advisory team in 2007 to head up and
develop the renewable energy practice covering Europe, Middle East and Africa.
Before Mizuho, he worked for the RBS group in the leasing and structured
finance divisions where he developed a number of financial solutions
supporting small and medium sized renewable energy project developers.

 

Since establishing SIS, David has sat on the investment committee of a
national charity, which supports sustainable community projects across the UK,
lived and worked in the Middle East where he helped set up a leasing business
and more recently, worked on an investment vehicle for sustainable focussed
energy infrastructure across EU and OECD countries, raising GBP242.6m on the
Premium Market Segment of the London Stock Exchange.

 

David is passionate about renewables and has over 35 years' experience in the
sector. He has spoken about the bankability of renewable energy and
waste-to-energy at numerous conferences and seminars around the world,
including the UK, Germany, France, Spain, Italy, Dubai, Abu Dhabi, Saudi
Arabia, Jordan, Kuwait, Tunisia and Japan.

 

 

 

 

Issued Share Capital and TVR:

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

 

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

 

The Company today 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, and further to its RNS announcement dated 6 November 2025,
the Company has during the period since 6 November 2025 issued a further
55,664,808 shares fully paid ("Ordinary Shares"). The Ordinary Shares' issues
follow the exercise of Prepaid and Cash Warrants, issued pursuant to the share
issue authorities approved by shareholders at the Company's General Meeting
held on 8 July 2025 and as detailed in its FCA approved Prospectus published
on 9 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 13,225,334 Prepaid Warrants shares and 235,325,000 Cash Warrants
shares under this block listing facility, subject to the exercise of such
warrants during the warrants' period to expiry.

 

As of 1 December, the Company's issued share capital will consist
of 138,760,735 Ordinary Shares with voting rights. The Company does not
hold any ordinary shares in treasury. This figure of 138,760,735 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").

 

Significant shareholdings (>3% holding) will be updated on the Company's
website www.quantumdata.energy (http://www.quantumdata.energy) to coincide
with the release of this announcement. It is noted that the last TR-1
Notifications received from Peel Hunt LLP show a holding <10% as per the
second of the two TR-1 Notifications published by the Company in its RNS
announcement dated 4 November 2025.

 

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.

 

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

 

Forward-Looking Statements:

This RNS announcement contains forward-looking statements. These statements
involve risks and uncertainties that could cause actual results to differ
materially from those expressed or implied. No statement in this announcement
is intended as a profit forecast, and forward-looking statements speak only as
of the date of this announcement. The Company undertakes no obligation to
update such statements except as required by law and regulations.

 

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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