Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) told investors that construction has begun on the first 8 MW of its planned 300 MW digital infrastructure pipeline in the United Arab Emirates.
It follows the signing of heads of terms with a third party and has received approval for a grid connection from Abu Dhabi National Energy Company.
"Today marks the formal announcement of AEG's 300 MW UAE pipeline, with the first 8 MW already under construction and on track to be operational by January 2026," said chief executive Paul Elliott.
"We have also applied to expand this site to 33 MW, which will significantly enhance our near-term scale."
All required permits and lease agreements have been secured, and construction is expected to finish in January 2026.
"Ultra-low-cost energy is our USP," Elliott added.
"Our roadmap is clear: 33 MW in place within months, followed by expansion to 100 MW through the addition of a 60 MW site that is already in negotiation and expected to be signed off in early 2026. Beyond this, our phased modular model allows us to scale to the full 300 MW pipeline within 36 months."
The Active Energy boss highlighted the strategy, which he says allows the firm to deliver aggressive ROI and strong margins, reinvest quickly, and expand at speed.
"With exposure to both AI hyperscalers and Bitcoin mining clients, AEG is uniquely positioned to build a profitable, scalable infrastructure platform in one of the most competitive digital markets globally," Elliott said.