#Active Energy Acquires Additional Grid Infrastructure
Active Energy Group plc (AIM: AEG) (OTCID: AEUSF) said it has agreed terms to acquire an additional energised grid connection asset in Abu Dhabi, expanding a regional infrastructure buildout the company says is intended to support high-performance computing and digital hosting operations.
The proposed acquisition follows the company’s March 10, 2026 announcement regarding the planned purchase of the Ghummud grid connection asset in the same region. Together, the two Abu Dhabi assets would provide about 5 MVA of energised capacity for digital infrastructure deployment, according to the company.
The newly announced asset includes a 1.5 megavolt-ampere grid connection, which the company said would provide around 1.275 megawatts of available load. Active Energy said the site is non-operational and consists of the energised grid connection, transformer infrastructure and associated land rights. The company added that only modest upgrade works are expected before digital infrastructure is deployed.
#Second Abu Dhabi grid asset expands regional capacity
The deal adds to a strategy that has recently shifted toward securing energised power infrastructure that can be adapted for computing-related demand. Active Energy said the Abu Dhabi connection would, after completion and minor upgrade works, be fitted with a modular digital infrastructure layer intended to support structured off-take agreements for high-performance compute (HPC) and digital hosting clients.
The company said the seller of the new asset is independent from the vendor involved in the Ghummud transaction. In its statement, Active Energy said that distinction reflects its ability to source additional grid infrastructure opportunities across the region.
When the latest acquisition completes, the two Abu Dhabi grid connections would sit alongside the company’s existing 8 MVA of grid capacity. That would bring its total secured energised power infrastructure to about 13 MVA, based on the figures provided by the company.
That capacity figure is central to the company’s current operating plan. Active Energy said the infrastructure base is intended to support a transition from development-stage activity toward revenue-generating operations as sites are upgraded and capacity is contracted. Those plans remain forward-looking and depend on completion, deployment and customer contracting.
#Deal terms include shares and deferred cash
Active Energy said total consideration for the proposed acquisition is £850,000. Of that amount, £450,000 would be settled through the issue of new ordinary shares at 0.1 pence each, while the remaining £400,000 would be paid in deferred cash.
The share issue price represents a premium to the company’s most recent closing market price of 0.08 pence on March 16, 2026, according to the announcement. The company said the equity portion remains subject to the required shareholder authorities to allot new ordinary shares.
Active Energy also said the shares issued to the vendor would be subject to a 12-month lock-in. The deferred cash component would be paid in two equal parts over the 12 months following completion, matching the payment structure the company disclosed for the Ghummud acquisition.
The use of deferred consideration and equity rather than an all-cash payment indicates that the company is seeking to expand infrastructure capacity while limiting near-term cash outlays. The transaction, however, has not yet completed. Active Energy said the acquisition remains subject to customary due diligence and the execution of definitive agreements.
#Development timeline still depends on completion and upgrades
The announcement adds to a series of steps Active Energy has outlined this month around grid-linked infrastructure in Abu Dhabi. While the company described the latest asset as energised, it also said upgrade works will be required before digital infrastructure can be deployed at the site.
That means the path from asset acquisition to revenue generation still depends on several stages, including transaction completion, technical work at the site, infrastructure deployment and the contracting of off-take arrangements. The company’s statement did not provide a completion date or a timeline for bringing the asset into service.
Chief executive Paul Elliott said the second acquisition builds on the company’s momentum following the Ghummud announcement and increases the amount of deployable capacity available to the business. He also said the combined assets, together with the existing infrastructure base, support Active Energy’s plan to move toward operating ultra-low-cost power infrastructure tied to digital hosting demand.
Active Energy said further announcements will be made when appropriate.