£1 Million Senior Secured Investment in Apatura

Ethtry PLC

23 July 2026

 

23 July 2026

ETHTRY PLC

("Ethtry" or the "Company")

£1 Million Senior Secured Investment in Apatura

Strategic exposure to battery storage, scarce grid capacity and sustainable data centre infrastructure

Ethtry PLC (AQSE: ETHY), the UK-listed company pursuing opportunities across renewable energy, Artificial Intelligence (AI) and data centre infrastructure and Web3 technologies alongside its Ethereum Treasury Policy, is pleased to announce that it has committed £1,000,000 to the senior secured notes facility issued by Apatura Ltd ("Apatura"), a UK developer of large-scale battery energy storage and grid-secured data centre sites.

The investment gives Ethtry a senior secured position expected to generate quarterly interest income in a developer operating at scale across two strategically important infrastructure markets. Apatura publicly reports a 10GW energy and digital infrastructure pipeline, circa 2GW of which is fully consented battery energy storage capacity and 2.4GW of AI-ready data centre capacity across grid-secured locations.

Highlights

•  £1,000,000 subscribed from the Company's existing cash reserves, with no new equity issuance required to fund the investment

•  Quarterly interest payments and a redemption premium on repayment

•  Deploying Ethtry's surplus cash reserves into secured energy infrastructure positions is now at £1.5 million across two companies, complementing the Company's solar-led development, AI/data centre and Ethereum/Web3 activities.

Strategic Significance

The Board believes that power availability and grid access are becoming defining constraints on both the energy transition and the build-out of AI infrastructure. A renewables-led electricity system requires flexible storage and grid-balancing capacity, while AI and data centres require large volumes of reliable, resilient power. Grid-secured sites capable of serving these markets are therefore becoming strategically scarce.

Apatura operates directly at this convergence. The investment provides Ethtry with income-generating exposure to battery storage and AI data centre infrastructure, whilst also complementing the Company's own solar-led and data centre activities, where Ethtry's direct development strategy remains solar-led and data centre focused. The Apatura position provides secured exposure to a specialist third-party developer with established grid positions and consented assets.

About Apatura

Apatura is a UK infrastructure developer specialising in digital and energy infrastructure, with a focus on data centre development and battery energy storage systems (BESS). Established in 2014, the company is headquartered in York, has an office in Edinburgh, and employs more than 60 people.

The business has developed one of the UK's largest independently originated battery energy storage portfolios, exceeding 10GW, alongside approximately 2.4GW of grid-secured digital infrastructure capacity, with a significant concentration of projects in Scotland.

Apatura's flagship digital infrastructure proposal is the Ravenscraig Data Centre Campus in North Lanarkshire. The proposed development comprises a 550MW sustainably designed AI data centre campus and a 650MW BESS on the former Ravenscraig steelworks site, with an estimated capital investment of £3.9 billion.

Ethtry Structured Debt Programme

The Apatura investment is Ethtry's second deployment under its structured debt programme in the energy sector. The programme now comprises £1.5 million across two senior secured positions, including the £500,000 senior secured loan facility for Cerulean Winds Limited announced in May 2026.

The programme is intended to put capital not required for near-term operational commitments to work on secured, income-generating terms. The Board will continue to maintain appropriate liquidity for the Company's operational priorities, and any further deployment will remain subject to available cash, market conditions and the Board's ongoing assessment of capital allocation.

Mike Murphy, Director of Ethtry, commented: "This transaction materially advances Ethtry's strategy. We are deploying £1 million into a senior secured, income-generating position benefiting from a first-ranking security package at holding-company and project-company level, in a developer with one of the UK's largest pipelines of grid-connected energy and digital infrastructure. The investment gives Ethtry exposure to two of the defining infrastructure requirements of the next decade: large-scale storage for a renewables-led electricity system and scarce, resilient power capacity for AI and data centres. That combination of scale, grid position and proven monetisation is highly compelling. For shareholders, this is disciplined capital allocation: quarterly income, a redemption premium and senior security, funded entirely from existing cash reserves without an equity issue. It increases our secured energy investment programme to £1.5 million and complements our solar-led development, AI/data centre and Ethereum/Web3 activities. We believe Ethtry is building a differentiated listed platform across the infrastructure that will power, store and enable the next generation of the digital economy."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries

Ethtry PLC	Mike Murphy - [e-mail] Steve Winfield - [e-mail]
AlbR Capital Limited (Aquis Corporate Adviser)	David Coffman [phone]

Important Notice - Ethereum Treasury Holdings and Risk Disclosure

Ethtry has adopted a Cryptoassets Treasury Policy outlining its intention, subject to market conditions, to allocate a portion of its future treasury reserves to Ethereum ("ETH"), including L2, and stablecoins (USDC, USDT, etc.). This policy has been prepared to comply with the Aquis Cryptoassets Policy and relevant provisions of the Financial Services and Markets Act 2000 (FSMA).

The Company holds cryptoassets and may continue to acquire these in the future as part of its treasury management strategy. The Company is not authorised or regulated by the Financial Conduct Authority ("FCA"), and investments in the Company's shares are not protected by the Financial Services Compensation Scheme ("FSCS") or the Financial Ombudsman Service ("FOS").

Shareholders should note that Ethereum, including L2, and stablecoins (USDC, USDT, etc.) are a high-risk, volatile asset class. Risks include significant price fluctuations, custody and cyber-security vulnerabilities, liquidity and counterparty risks, regulatory uncertainty, and the absence of statutory investor protection. Cryptoassets are high-risk investments, and investors should be prepared to lose all the money they invest.

The Company's full Cryptoassets Risk Disclosure, prepared in accordance with the Aquis Cryptoassets Policy, has been published on its website and is available upon request from the Company.

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