REG - Quantum Data Energy - FlexGen Project Financial Close and Construction
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RNS Number : 7272V Quantum Data Energy PLC 09 March 2026
Quantum Data Energy PLC
(Incorporated in England and Wales)
(Registration Number: 12886458)
LEI :213800HFVHGJ9YGO9F71
Share code on the LSE: QDE
ISIN: GB00BNG90H86
Dated: 9 March 2026
Quantum Data Energy PLC
("Quantum", "QDE" or the "Company")
QDE Third FlexGen Project Successfully Completes Financial Close and Starts
Construction
London, UK - Quantum Data Energy PLC (LSE: QDE) is pleased to announce,
further to its RNS announcements dated 9 February 2026 and 19 February 2026
respectively, that it has successfully completed financial close of its third
flexible generation power project, and construction has commenced at pace.
Further details and key highlights are outlined below.
Following the construction of QDE's third flexgen project, it will have c. 20
MW in production, and a further near-term pipeline of development projects to
be constructed of c. 28 MW, totaling c. 48 MW (read more here
(https://quantumdata.energy/projects) ).
Key Highlights:
· QDE has signed a binding definitive investment agreement (the
"Investment Agreement") with Power Balancing Services Ltd ("PBS") regarding
its Bordesley 5 MW flexible generartion power project, at project SPV level;
· Under the Investment Agreement, PBS will invest up to £1.75m and QDE
will invest up to £1m;
· The remaining balance of the required capex for the project will be
funded with an external debt facility from a commercial bank at competitive
market related terms;
· Resultingly, the project is fully funded and construction has
commenced at pace;
· PBS will receive an equity interest in the project of 65% in exchange
for their investment, and QDE will receive a 35% equity interest;
· QDE's required capital contribution to the project has already been
funded via its acceleration capital fundraise as recently announced; and
· Asset construction expected to be completed with commercial
operations and income generation commencing during Q4 2026.
Transaction Rationale:
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 MWs in production, increase QDE's revenues, with limited
capital investment required from QDE.
Pyebridge Capacity Market Contract Update:
Further to the Company's RNS announcement dated 23 September 2025, the Company
is looking forward to the Capacity Market ("CM") T-4 contract auction over the
coming days, and expects to win a 15-year CM contract for its Pyebridge 8.1 MW
flexgen asset, materially boosting the asset's guaranteed income and
profitability. We are looking forward to updating the market with the results
of the CM auction in due course.
Pieter Krügel, CEO at Quantum Data Energy PLC, said: "We are delighted with
the successful completion of financial close and start of construction at our
third flexible generation power project. We are proving that our business
model is attractive and that we can scale at pace. We are hard at work to get
our next projects funded and into construction, as we progress toward our
initial target of 300 MW and beyond. QDE is establishing itself as the first
and leading provider of flexible generation power solutions on the LSE, and we
are proud to be part of and support the UK's energy transition."
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) https://x.com/QDEplc (https://x.com/QDEplc)
About Quantum Data Energy PLC:
Quantum Data Energy PLC (LSE: QDE) 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 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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