Quantum Data Energy (LSE:QDE), in its interim results, reported that it generated record electricity output of approximately 4.7 GWh at its Pyebridge asset in the six months to 30 June, up around 15% on the same period last year.
The London-listed flexible generation developer, which operates gas-fired plants that provide power during periods of grid stress, said the increase reflected strong demand for flexible generation capacity.
Pyebridge revenue rose approximately 9% to approximately £792,000, from £727,000 in the prior comparative period, with electricity sold up around 13% to around 4,708 MWh.
The average sales price achieved was approximately £149 per megawatt-hour, some 58% above the average day-ahead wholesale price of around £94/MWh over the same period, with every settled month closing in the company's favour under its power purchase agreement with Statkraft.
Pyebridge secured a further Capacity Market contract for delivery year 2029/30 and was enrolled in National Energy System Operator's new Slow Reserve service through Statkraft, adding an availability and utilisation income stream.
The company's Bordersley project (5 MW) entered construction in March, targeting commercial operations in the fourth quarter, while the Hindlip site (7.5 MW) completed construction and commissioning, with operations expected in the third quarter.
"The residual market for flexible gas generation is becoming smaller in volume but richer in price," the company said, describing this as the thesis underpinning its business model.
Quantum raised £1.17m gross in February and a further £500,000 in April through share placings.
The company has applied to the Financial Conduct Authority to lift its temporary share trading suspension following publication of its audited 2025 accounts on 5 August.
News Intelligence what this means for the company
Quantum Data Energy reported record H1 output of 4.7 GWh at Pyebridge, up 15% year-on-year, with revenue rising 9% to £792k as the plant captured prices 58% above wholesale—every month profitable under its Statkraft PPA. Two construction projects are now advancing toward operation: Bordersley (5 MW) entered build in March targeting Q4 completion, while Hindlip (7.5 MW) completed construction and commissioning with Q3 operations expected, both fully funded. The company raised £1.67m gross across two placings in H1 and is seeking FCA approval to lift its trading suspension.
The 15% output lift and 58% price premium over wholesale demonstrate the core thesis—that residual flexible gas capacity commands higher unit economics despite shrinking volume. Hindlip's imminent operation and Bordersley's entry into construction extend the asset base, though both are small (12.5 MW combined) relative to Pyebridge's proven cash generation; the trading suspension lift and audited accounts (due 5 August) will be material to investor confidence.
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