REG - Quantum Data Energy - Third FlexGen Funding & 7 MW Site Update

Quantum Data EnergyAnnouncement

Yesterday 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:20260219:nRSS5602Ta&default-theme=true

RNS Number : 5602T  Quantum Data Energy PLC  19 February 2026

Quantum Data Energy PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BNG90H86

 

Dated: 19 February 2026

 

Quantum Data Energy PLC

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

 

QDE Third FlexGen Asset Funding & Construction Progress Update,

and Acquisition of 7 MW FlexGen Brownfield Site Update

 

London, UK - Quantum Data Energy PLC (LSE: MAST) is pleased to announce,
further to its RNS announcements dated 3 February 2026 and 9 February 2026
respectively, that the Company is continuing to make significant progress to
get its third flexible generation power project to financial close and into
construction and commercial operations. QDE is in advanced discussions with
Power Balancing Services ("PBS"), regarding QDE's 100% owned Bordersley 5 MW
flexible generation project, as previously announced.

 

QDE has agreed in principle with PBS to co-fund the capex of its Bordesley 5
MW flexgen project, and the capex funding will be structured at project SPV
level. QDE and PBS are busy finalising the investment agreement which is in
near final agreed form, and expected to be executed and completed shortly at
which time the key terms of the transaction will be announced.

 

The rationale of partnering with PBS to co-fund the project's capex is mainly
because QDE currently owns 100% of the shovel-ready project, which does not
generate any income yet. In order for the project to go into commercial
production and generate income, it requires construction and associated capex
funding. The capex funding for a typical new-build 5 MW flexible generation
project is around £3.5m. In order to limit dilution for QDE's existing
shareholders, the Company chooses to apply capital discipline and efficiency
and to partner with an experienced and reputable investor such as PBS to
co-fund the capex of its development projects. The end result is that QDE will
own a significant equity stake in an asset that is generating income, increase
QDE's portfolio of MW's in production, increase QDE's revenues, with limited
capital investment required from QDE.

 

Further, in tandem with finalising the investment agreement with PBS, full
preparations are underway for the construction of the site. Comprehensive
engineering, procurement, and construction ("EPC") proposals have been
received from leading EPC contractors, and availability of key equipment
confirmed. The site's grid- and gas connection construction are also underway.
It is expected that the construction of the site will be completed and the
site in full commercial production and income generating in Q4 2026. As a
reminder, QDE's Pyebridge flexgen asset that is in production, currently
generates total revenues of c. £290,000 per MW per annum (see RNS
announcement dated 3 February 2026).

 

Progress Update on Acquisition of 7 MW Brownfield FlexGen Site:

QDE is pleased to announce, further to its RNS announcement dated 6 November
2025, that it has made significant progress towards the completion of the
acquisition of the 7 MW 11kV flexible generation power brownfield site located
in England (the "FlexGen Site"). All technical and legal due diligence have
essentially been successfully completed, and the purchase contract is near
final agreed form. QDE is awaiting final official confirmation from the DNO
regarding the FlexGen Site's grid connection date under NESO's grid connection
reform, which is expected around end March 2026. Once the aforementioned final
official confirmation is received, it is expected that the purchase of the
FlexGen Site will be completed shortly thereafter.

 

Pieter Krügel, CEO at Quantum Data Energy PLC, said: "We are delighted with
the ongoing positive progress made to get our third flexgen asset constructed
and into production. By applying capital discipline and efficiency, we limit
QDE's capital requirements and dilution of existing shareholders. We are also
working on a number of additional near term growth opportunities, and we look
forward to providing the market with further positive progress updates over
the coming weeks and months."

 

Issue of Broker Warrants:

Further to the Company's RNS announcement dated 9 February 2026, as part
of the acceleration capital funding (the "Acceleration Capital") which was
arranged by Fortified Securities ("Fortified"), the Company's sole corporate
broker, the Company will grant to Fortified or associates, broker warrants
valid for three years from the issue date which shall give Fortified the right
to subscribe for one ordinary share for each warrant issued. The number of
warrants to be issued is calculated as warrants equivalent to 6% of the gross
aggregate value of the Acceleration Capital consideration at the Placing
Price.

 

Stay up to date with QDE'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 delivers flexible,
modular power solutions to the UK grid and AI datacentres worldwide, enabling
scalable, reliable energy for next-generation digital infrastructure. 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.

 

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

 

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  FUREAKAPFLPKEFA



            Copyright 2019 Regulatory News Service, all rights reserved