Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) CEO Paul Elliott tells Proactive's Stephen Gunnion that the company has gone from concept to around 15.5MW of deployed, operational or secured capacity in under 12 months — and the pace is accelerating.
Infrastructure originally prepared for the Bitdeer joint venture has been redeployed at the Ghummud site, which Elliott describes as "effectively plug and play," generating earlier cash flow while the main 8MW site is configured for Bitdeer. That site alone is expected to generate around $3.5 million annually.
Elliott is clear about the logic: "The model quickly starts to compound. More cash flow allows us to secure more sites." With 60% of UAE capacity pre-sold before energisation and strategic partnerships with the Private Office of His Highness Sheikh Mohammed bin Ahmed bin Hamdan bin Mohammed Al Nahyan (Sheikh’s Office), Black Road and Bitdeer potentially unlocking a further 50MW, the pathway to the company's 100MW target is taking shape.
Watch the full interview for insights into Active Energy’s UAE rollout strategy, Bitcoin hosting opportunities and growth ambitions.
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