Summer 2026 Strategic and Operational Update
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.
Active Energy Group plc
("AEG", the "Company" or the "Group")
Summer 2026 Strategic and Operational Update
Operating site performing in line with expectations; capacity aggregation towards institutional scale; 60 MW opportunity identified; discussions on requirements of up to 100 MW
Active Energy Group plc (AIM: AEG, OTCQB: AEUSF), which is developing power-backed critical infrastructure supporting AI, next-generation digital infrastructure and other strategic industries across the United Arab Emirates ("UAE") and the wider Gulf, provides the following update on progress during the summer of 2026.
The period has changed the scale of AEG's opportunity. Having proven it can secure, energise and commercially operate power-backed sites in the UAE, the Group is now directing its resources towards larger developments capable of supporting institutional counterparties, while extracting more value from the land and power it already controls.
Summer 2026 Highlights
• Ghummud operating site performing in line with expectations, generating revenue of approximately US$110,000 per month;
• 8 MW development completed and now awaiting for Bitdeer deployment. Based on the Company's current indicative modelling, an 8 MW deployment could generate c.US$3.2 million per annum of infrastructure revenues, together with potential participation in digital asset production. At an illustrative 30% share, this could equate to approximately 20 BTC per annum attributable to AEG, subject to final commercial terms, network difficulty, uptime and operating performance;
• Bitdeer (NASDAQ: BTDR) has evaluated the proposed 8 MW development. The site is below Bitdeer's preferred standalone scale of approximately 20 MW and above; discussions continue and AEG is aggregating capacity to meet that threshold;
• Additional c.6 MW energised site under proposed acquisition, through a third-party arrangement and in conjunction with the Private Office of HH Sheikh Mohammed bin Ahmed bin Hamdan Al Nahyan (the "Sheikh's Office"). Completion works required before full operation, with initial assessment indicating capacity could be increased to c.10 MW;
• c.60 MW UAE infrastructure opportunity identified; commercial structure and terms being developed with the Sheikh's Office;
• Discussions commenced with a major international digital infrastructure participant contemplating potential UAE requirements of up to 100 MW, subject to sites being secured and terms agreed;
• Proposed acquisition of an established client base and sales platform generating in excess of US$7 million of annual revenue at a healthy gross margin, in advanced discussions;
• Land: both the 8 MW and c.6 MW sites sit on c.4-hectare parcels of which the digital infrastructure requires c.1 hectare, leaving surplus land and recoverable heat available for complementary infrastructure, including early-stage evaluation of heat-driven water purification;
• Commercial Registration Certificate obtained in the Kingdom of Saudi Arabia ("KSA");
• Debt-based growth facility under discussions with several international groups in both America and the UAE to reduce reliance on equity issuance;
• Negotiations commenced following WDMS Global 2026 in Hong Kong with the summit's host, one of the world's largest ASIC manufacturers, regarding potential deployment of its equipment across AEG's UAE capacity; and
• International engagement at the Energy Investors Forum (Dallas), Mining Disrupt (Miami), WDMS Global 2026 and Bitcoin Asia 2026 (Hong Kong), directly generating the manufacturer negotiations and the 100 MW discussions referred to above.
Current Operations
The Group's Ghummud site continues to perform in line with expectations, generating approximately US$110,000 per month. This site was established to demonstrate that AEG could secure grid-connected land, energise capacity and generate commercial revenue in the UAE. It has done so.
The proposed 8 MW development remains on track. Its economics are set out above in the Summer 2026 Highlights, and when deployed with Bitdeer, the Company's indicative modelling points to c.US$3.2 million per annum of infrastructure revenue plus a share of digital asset production. These figures are illustrative and subject to final commercial terms, network difficulty, uptime and operating performance.
Bitdeer and the Move to Institutional Scale
AEG entered into a Letter of Intent with Bitdeer Middle East Technology Ltd in April 2026. During the summer, Bitdeer evaluated the proposed 8 MW development and indicated a preference for opportunities of approximately 20 MW and above, consistent with the economics of institutional deployments. Discussions remain constructive.
The message from Bitdeer and other major operators has been consistent: they require scale, certainty of power and speed of deployment. The constraint is not demand; it is deployable power. AEG's response is direct: secure power, aggregate capacity and match it to identified institutional demand.
To address this, the Group is considering an additional 6MW site which is already energised. The Board expects to materially shorten development timelines compared with new grid connections, although further completion works are required. Initial assessment indicates the site's capacity could be increased to c.10 MW. Subject to completion, due diligence and those works, the Group intends to combine this capacity with the 8 MW development and other pipeline capacity to assemble a proposition of 20 MW or more.
60 MW Opportunity and Discussions of up to 100 MW
AEG and its partners have identified a c.60 MW infrastructure opportunity in the UAE. The Group is working with the Sheikh's Office on commercial structure and negotiations. A development at this scale would be a step change from AEG's existing sites and could support significantly larger counterparties.
Separately, following engagement at industry events in Dallas, Miami and Hong Kong, AEG is in early-stage dialogue with a major international industry participant regarding potential UAE power requirements of up to 100 MW. The Group is working with the Sheikh's Office and local partners to identify sites capable of meeting these requirements.
Manufacturer Negotiations Following WDMS Global 2026
WDMS Global 2026 in Hong Kong is hosted by one of the world's largest manufacturers of ASIC computing equipment. Following the summit, AEG has entered into negotiations with the host regarding the potential deployment of its equipment across the Group's UAE capacity, including the aggregated 8 MW and c.6 MW to 10 MW sites and, potentially, larger developments.
A relationship with a manufacturer of this scale would give AEG direct access to equipment supply and an additional route to institutional demand alongside Bitdeer. Negotiations are at an early stage, no agreement has been reached and there can be no certainty that they will result in a transaction.
Commercial Platform: US$7 Million Revenue Acquisition
AEG is in advanced discussions to acquire an established client base and sales platform associated with one of its existing operating partners. The business generates annual revenue in excess of US$7 million at a healthy gross margin.
The acquisition would give AEG an existing customer base, sales capability, operating expertise and immediate revenue alongside its infrastructure portfolio, moving the Group further along the value chain.
Land and Recoverable Heat
Both the 8 MW and c.6 MW sites sit on c.4-hectare parcels, of which the digital infrastructure requires c.1 hectare. AEG is evaluating how grid power, existing infrastructure and recoverable heat can generate additional revenue from the same site without replicating land, grid and infrastructure costs.
One application under early evaluation with universities and technology partners is the use of recoverable heat from ASIC equipment in multi-effect distillation and related water purification processes, which could over time support fresh-water production and productive use of surrounding land. This remains at concept stage and no assurance can be given that it will proceed to commercial deployment.
Kingdom of Saudi Arabia
AEG has received its Commercial Registration Certificate in KSA and intends to deploy members of its regional team to engage with officials, infrastructure stakeholders and potential partners. The UAE remains the Group's principal near-term focus; KSA is a longer-term market given the scale of investment in power, AI and data centres.
Financing
AEG is in advanced discussions with financial bodies regarding a debt-based growth facility for the next stage of development. As the Group builds revenue and assets, the Board intends to match infrastructure with appropriate capital, including corporate debt and asset-backed and project-level financing.
Outlook
The Group's immediate priorities are to:
• complete the proposed c.6 MW acquisition, assess expansion to c.10 MW, and progress the 8 MW development;
• progress negotiations with the WDMS Global 2026 host regarding equipment deployment;
• assemble aggregated capacity of 20 MW or more for institutional counterparties, including Bitdeer;
• progress negotiations on the c.60 MW opportunity and the discussions regarding requirements of up to 100 MW;
• complete due diligence and negotiations on the US$7 million-plus revenue platform;
• advance activities in KSA; and
• establish an appropriate financing structure.
AEG's first phase in the UAE established capability. The second is about securing scale. The Board believes the combination has the potential to transform AEG from a developer of individual sites into a substantially broader power-backed critical infrastructure platform.
Paul Elliott, Chief Executive Officer of Active Energy Group, commented:
"This has been a productive summer. Ghummud is delivering in line with expectations, and both the size and quality of the opportunities in front of us have increased materially.
"Bitdeer's evaluation of our 8 MW development made the market's message clear: institutional operators want 20 MW and above. Our response is straightforward: secure more power, aggregate our capacity and build a proposition that meets that demand. The additional energised site, which we believe can grow to around 10 MW, the 60 MW opportunity and the discussions at up to 100 MW are that strategy in action.
"Our time in Hong Kong has also opened a direct negotiation with the host of WDMS, one of the largest names in this industry. Equipment supply at scale, alongside institutional demand, is exactly what our aggregated capacity needs.
"We have also remained present and active in the UAE through a quieter and more uncertain summer. That commitment has strengthened our relationships and given us access to opportunities we would not otherwise have seen.
"As the opportunities grow, we intend to finance them intelligently, using debt and structured capital where appropriate to protect shareholders from unnecessary dilution. We have moved from proving the model to securing scale. Our job now is to convert opportunity into assets, long-term customers and sustainable shareholder value."
ENDS
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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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