REG - Quantum Data Energy - Bordesley Construction Commenced and on Schedule

Quantum Data EnergyAnnouncement

28/04/2026 07:00

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RNS Number : 1113C  Quantum Data Energy PLC  28 April 2026

Quantum Data Energy PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: QDE

ISIN: GB00BNG90H86

 

Dated: 28 April 2026

 

Quantum Data Energy PLC

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

 

Bordesley 5 MW FlexGen Asset Construction Commenced

and Progressing on Schedule

 

London, UK - Quantum Data Energy PLC (LSE: QDE) is pleased to announce,
further to its previous RNS announcement dated 9 March 2026, that construction
of its Bordesley 5 MW flexible generation power project ("Bordesley"), which
is fully funded in partnership with Power Balancing Services Ltd ("PBS") as
previously announced, has commenced at pace and is progressing on schedule and
on budget.

 

Bordesley is QDE's third flexible generation asset to enter construction,
having reached financial close in March 2026 and now fully funded at SPV level
by PBS (65%) and QDE (35%) with the balance via external commercial bank debt,
and commercial operations targeted for Q4 2026.

 

Key highlights and details of the project's construction progress to date are
provided below.

 

Bordesley Key Highlights:

QDE is pleased to confirm that construction of the Bordesley project has
commenced at pace following financial close in March 2026, with the civils,
electrical, genset and gas packages all placed during March 2026 and off-site
gas installation works underway.

 

The project remains within its approved capex budget of £3.6 million.

 

Key progress to date is as follows:

·    Civils contract awarded - Civils package issued in March 2026,
covering site clearance, bases for gensets, transformer, control room, oil
tanks, DNO and HV switchroom, perimeter and acoustic fencing, hard-standing
and the new site entrance;

·    Caterpillar G3520K gensets ordered - Two G3520K gensets (with
packaging, project delivery, off-loading, commissioning, 55dBA acoustic
specification and 12 m exhaust upgrades) were ordered in March 2026, on a
20-week lead time with on-site delivery scheduled for early August 2026;

·    Electrical package contract issued - The project transformer and HV
switchgear were ordered in March 2026, on a 20-week lead time with delivery
scheduled for August 2026;

·    Off-site gas installation underway - The gas connection was initiated
in February 2026 and off-site gas pipework installation by DEC commenced in
March 2026 on a 13-week programme through to early June 2026; the gas metering
skid is on a 20-week lead time for July 2026 delivery;

·    Grid connection initiated - The Distribution Network Operator
("NGED") was instructed in February 2026, with NGED switchgear on a 20-week
lead time and the GRP building on a 12-week lead time; HV connection
energisation is targeted for August 2026;

·    Construction Phase Plan in place - The Health & Safety
Construction Phase Plan has been written and is in place ahead of site
mobilisation;

·    Planning conditions progressing - Pre-commencement planning
conditions are partly discharged, with materials and boundary treatments
approved by the Local Planning Authority and a Certificate of Lawful
Development issued; and

·    Site mobilisation imminent - Civils mobilisation is scheduled for May
2026, with site clearance and ground preparation works through May and June
2026.

 

Programme and Next Steps:

The indicative construction and commissioning timeline for Bordesley is set
out below:

 

·    Site mobilisation and establishment: May 2026;

·    Civils - site clearance, ground preparation and foundations: May to
July 2026;

·    Off-site gas pipework installation completion: early June 2026;

·    Equipment deliveries (gensets, transformer, switchgear, GRP building,
control room and oil tanks): late July to mid-August 2026;

·    DNO grid connection installation and HV connection energisation: late
July to August 2026;

·    On-site electrical installation, cabling and terminations: August to
mid-September 2026;

·    Genset pre-commissioning and commissioning: mid-September to early
October 2026; and

·    Commercial operations: Q4 2026.

 

Pieter Krügel, CEO of Quantum Data Energy PLC, said: "We are delighted to
confirm that construction of our Bordesley 5 MW FlexGen project has commenced
at pace and is progressing on schedule and on budget. With the civils,
electrical, genset and gas packages all placed during March 2026, the project
is now firmly into delivery mode. Our partnership with Power Balancing
Services Ltd validates QDE's capital-light scaling model, allowing us to
retain meaningful equity exposure to a high-quality, cash-generative asset
while limiting dilution for our shareholders. Bordesley will be QDE's third
operational flexible generation asset and represents another important step
toward our 300 MW target and beyond. The £1m placing recently completed
enables to progress other "shovel-ready" sites with the capital providing the
potential for necessary capital contributions alongside project level debt
financing discussions which are currently underway which we hope to be able to
announce to the market in the coming weeks."

 

 

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

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 YouTube channel       https://www.youtube.com/@quantumdata.energy
                       (https://www.youtube.com/@quantumdata.energy)

 

About Quantum Data Energy PLC:

Quantum Data Energy PLC (LSE: QDE) is a UK-based, revenue generating,
independent energy company. The Company develops, operates, and owns energy
production assets in the UK. The Company is listed on the London Stock
Exchange Main Market. The Company delivers flexible, modular power solutions
to the UK grid and AI datacentres, 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 QDE 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

 

 

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