Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) said it is accelerating operations in the United Arab Emirates, with a senior manager deployed immediately to oversee project delivery and expansion.
The developer of energy and data infrastructure projects said its 8 megawatt energy and digital infrastructure site remains on track for completion by the end of April, with work focused on energisation and preparing the site for commercial use.
Active Energy is also in discussions with potential customers to allocate data hosting capacity once the site is live. This is intended to support near-term revenue.
At full operation, the site is expected to generate about US$3.5 million in annual revenue at a gross margin of around 50%. That would equate to roughly US$1.75 million in gross profit, which the group plans to reinvest into further development.
The management team will also prioritise newly secured 5MVA grid-connected assets at Ghummud and Kazna. Work includes site preparation, deployment of modular units, grid connection and testing.
Both locations are targeted to be operational within 10-12 weeks.
At steady state, the two sites are expected to contribute about US$2.6 million in annual revenue and around US$1.2 million in annual free cash flow.
Alongside these projects, the group said it will revisit previously identified initiatives that had stalled due to market conditions. These programmes are designed to improve utilisation and efficiency across its infrastructure.
The board said current conditions in the UAE could present acquisition opportunities, with some operators pausing or adjusting plans. Active Energy is assessing assets that may be available on more favourable terms, including deals with deferred payments or equity participation.
The company continues to target a 100MW strategy, with a focus on acquiring energised or near-complete assets to bring forward revenue generation.
Paul Elliott, chairman, said: "We continue to see encouraging developments within our target markets, with a number of opportunities emerging alongside our existing operational progress.
"The board remains focused on disciplined execution, bringing assets into operation efficiently, and building a platform capable of supporting sustainable growth.
"We are carefully evaluating a range of funding options to ensure the company is well positioned to progress its strategy while maintaining alignment with shareholders."