Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) used its full-year results to detail a pivot from a single biomass fuel business into a diversified renewable energy and digital infrastructure company built around four strategic pillars.
The centrepiece is a UAE digital infrastructure operation hosting high-performance computing for artificial intelligence and crypto mining, drawing on ultra-low-cost power in the Gulf.
The company built a phased pipeline of up to 15.5 megavolt-amperes across four sites during the year, anchored by an 8MVA facility at Liwa where pre-sold capacity rose to about 60% by the year-end.
That site offers indicative annualised revenue visibility of $3.5 million to $3.8 million at a targeted gross margin of around 50%.
No hosting revenue was booked in 2025, but the group has since crossed into commercial operation.
Its Ghummud site was energised in April 2026 and began generating hosting revenue during May.
Elsewhere, the company signed its first long-term power purchase agreement, a 25-year deal with Cambridge City Football Club worth £0.83 million, and built a 30 megawatt UK rooftop solar pipeline.
Its CoalSwitch clean-fuel technology, a drop-in renewable fuel that can replace coal, was deliberately deprioritised in favour of the UAE opportunity.
The group also liquidated a short-lived cryptocurrency treasury holding after the year-end, realising about £97,945.
The financials remain those of a development-stage business, with no revenue for the year and a loss of £1.46 million, narrowed from £1.85 million.
Cash stood at £773,193 at the year-end, since supplemented by a £1.14 million placing arranged by Zeus Capital.
