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Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) shares rose 11% on Monday to 0.11p after the company said its Ghummud site in the UAE has been fully energised ahead of schedule. The update could pull forward revenue as Active Energy builds out a digital infrastructure platform around acquired grid connections.
The AIM-listed group said modular digital infrastructure deployment is already underway at Ghummud and that operations are now expected to begin materially sooner than the previously indicated 10–12 week timeline.
Management said the milestone supports its strategy of buying existing grid connections rather than waiting on new-build developments. The company said the approach reduces execution risk, lowers capital intensity and speeds time to market.
“Early energisation at Ghummud is a clear proof point of our strategy in action,” said chief executive Paul Elliot.
“By focusing on acquiring ready-to-deploy grid connections, we are materially reducing time to revenue and capital intensity, while accelerating our path to scale.”
Active Energy also said it expects to complete its previously announced Kazna transaction by the end of April. The company said, with preparatory work already completed, Kazna is also expected to move to energisation on an accelerated basis.
Together, the Ghummud and Kazna sites are expected to provide about 5.5 MVA of available capacity.
At steady state, the two sites are expected to generate around US$2.6 million in annual revenue and about US$1.2 million in annual free cash flow, subject to market conditions, asset utilisation and operating performance.
The company said the initial base supports its broader scaling plan from 5.5 MVA to 15 MVA and ultimately toward a 100 MW target. Active Energy added that it has identified two additional grid connection opportunities and started early due diligence and commercial negotiations.
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