Non-binding Heads of Terms Signed
Summary by AI BETAClose X
This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance
29 January 2026
Active Energy Group plc
("Active Energy", the "Company" or the "Group")
Non-binding Heads of Terms Signed
Further to its announcement on 26 January 2026 regarding the proposed formation of a joint venture ("JV") in the United Arab Emirates ("UAE"), Active Energy Group plc (AIM: AEG, OTC: AEUSF), the renewable energy and digital infrastructure company, confirms that a non-binding Heads of Terms have now been signed with its UAE partners.
It has been agreed that the JV will operate through a, to be established, UAE-domiciled special purpose vehicle ("SPV"), Active Mining Group, with the domain activemining.com.
The Heads of Terms have been entered into with Segments Cloud Hash FZ LLC, a technical and ASIC mining operator with significant operational experience in the sector, and LC Group FZE, which brings extensive commercial, sales and marketing expertise together with established international client relationships (together, the "Partners").
Under the proposed structure, the Partners will hold a 20% equity interest each, with Active Energy retaining a 60% controlling shareholding. Active Energy will lead strategy and oversight, and the JV is intended to support the efficient utilisation and phased expansion of the Group's UAE digital infrastructure capacity.
A further announcement will be made as the arrangements progress.
Paul Elliott, CEO of Active Energy Group plc, commented:
"We see this joint venture as an important foundation in delivering our proposed 100MW UAE strategic plan. By partnering with best-in-class operators, we can combine deep technical capability with established international sales reach, without placing undue demands on internal resources or central capital expenditure. The partners bring complementary strengths and are well aligned with Active Energy's strategy, and we believe this structure provides a scalable and disciplined framework for growth."
Abdul Hakeem, CEO of Segments, commented:
"This is a unique opportunity to partner with Active Energy Group, a UK-quoted and professionally managed company with a clear strategy, strong governance and access to capital markets. AEG is a dynamic business with clear momentum in the digital infrastructure sector and access to ultra-low-cost energy. We are pleased to contribute our technical expertise and operational capacity to the partnership and look forward to supporting the scalable build-out of the platform, including progression toward the Group's longer-term 100MW objectives."
Enquiries:
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Active Energy Group Plc |
Paul Elliott (CEO)
Pankaj Rajani (Non-Executive Chairman)
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info@aegplc.com |
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Website |
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'X' |
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www.linkedin.com/in/active-energy-group-plc/
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