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Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Agrees terms to acquire a new non-operational energised grid connection infrastructure asset in Abu Dhabi, comprising a 1.5 megavolt-ampere grid connection and providing approximately 1.275 megawatts of available load, for total consideration of £850,000. This includes £450,000 in Active shares at 0.1 pence each, and £400,000 in deferred cash over a one-year period. Says the connection only requires modest upgrade works prior to the deployment of digital infrastructure. Plans to deploy its modular digital infrastructure layer following completion and minor upgrade works. This asset purchase follows Active Energy’s signing binding heads of terms last week to acquire the Ghummud Site, a 3.5 MVA live grid connection asset, also in Abu Dhabi. Active on Tuesday says these two newly secured grid connections will provide approximately 5 MVA of energised capacity available for digital infrastructure deployment, leaving it with approximately 13 MVA of energised power infrastructure in total. Chief Executive Paul Elliott comments: ‘Securing a second grid connection so soon after the Ghummud announcement demonstrates the momentum we are building in assembling ultra-low-cost energised power infrastructure in the region...This forms the cornerstone of our strategy to transition from development to operating ultra-low-cost power infrastructure, enabling us to deploy modular digital infrastructure, secure off-take agreements and move toward becoming a revenue-generating and cash positive business.’ Current stock price: 0.086p, up 11% on Tuesday in London 12-month change: down 59% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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