Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) said it was increasingly well-positioned for sustainable growth after a year in which it made progress across renewable energy, clean fuels and digital infrastructure, despite volatile market conditions.
The AIM-listed company said its diversified strategy was beginning to take shape, combining lower-carbon fuels, rooftop solar and battery storage, and energy-intensive digital infrastructure projects in the Middle East.
The board said this mix provided “resilience and multiple pathways to value creation”, even as it remained mindful of economic and crypto market swings.
At the heart of the strategy is CoalSwitch, a proprietary biomass fuel designed to replace coal in industrial and utility settings with lower carbon emissions.
During 2025, the group worked with Indigenous Canadian Energy on plans for a black pellet production facility in Poland aimed at European customers seeking to move away from traditional coal while maintaining energy security.
Discussions are continuing, with the board describing the partnership model as a capital-efficient way of commercialising the product at scale.
Alongside this, Active Energy has been expanding its UK-based renewable energy platform. It has built a 30MW pipeline of rooftop solar projects and, in December, secured a 25-year power purchase agreement worth £0.83 million with Cambridge City Football Club.
Such long-term contracts are designed to provide predictable, recurring revenues. Planning work is also underway on a battery energy storage project at Fornan Castle in south Wales, which the company believes could become strategically important as demand for grid-balancing grows.
The most eye-catching development, however, has been in the United Arab Emirates, where Active Energy is building energy-efficient data centres for high-performance computing, including artificial intelligence hosting and crypto mining.
During the year, it established a development pipeline of up to 300MW across multiple sites, taking advantage of low-cost power, surplus grid capacity and a supportive regulatory backdrop.
The first phase is an 8MW facility that is nearing completion and is expected to be fully commissioned by mid-February 2026. Sixty per cent of its capacity has already been pre-sold, with the balance to be marketed once the site is live.
On current assumptions, the company expects this initial facility to generate about $3.8 million of annualised revenue with a gross margin of roughly 50%, although it stressed that this depends on market conditions and utilisation.
Cash generated is intended to fund a further 25MW expansion already underway.
Active Energy has also adopted a digital asset treasury strategy, allocating about 30% of its working capital to a diversified portfolio of crypto assets.
Excess in-house mining capacity may be used to mine and hold bitcoin for the balance sheet, which the board said could act as a long-term store of value, subject to governance and risk controls.
Summing up the year, the board said progress across all four strategic pillars had been encouraging.