Active Energy Group plc (AIM:AEG) has fully energised its Ghummud site in the UAE and begun deploying modular digital infrastructure, reaching operational readiness materially ahead of the previously indicated 10–12 week timeline.
The group says the early energisation validates its strategy of buying existing grid connections as a faster, lower-capital route to revenue. That approach, Active Energy (LSE:AEG) argues, "significantly compresses timelines, reduce[s] execution risk, and provide[s] a clear pathway toward the targeted 100MW rollout."
The company expects to complete the Kazna transaction, announced 17 March, by the end of April. Active Energy says energisation at Kazna should follow quickly given preparatory work already done. Ghummud and Kazna together will offer approximately 5.5 megavolt-ampere (MVA) of capacity.
At current deployment assumptions those two sites are forecast to generate about US$2.6m of annual revenue and roughly US$1.2m of annual free cash flow at steady state, figures the company cautions are subject to market conditions and utilisation.
Active Energy has identified two further grid-connection opportunities and started due diligence and commercial talks as it scales from 5.5MVA toward a 15MVA staging point en route to 100MW.
"Early energisation at Ghummud is a clear proof point of our strategy in action," Paul Elliott, Chief Executive, said.
