Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) CEO Paul Elliott talked with Proactive's Stephen Gunnion about the company’s recently signed joint venture, which serves as the foundation for its ambitious 100MW plan in the UAE.
Elliott explained that the agreement accelerates execution and scales the business more rapidly by partnering with experienced operators rather than building internal capacity.
"This relationship is the foundation of what makes this growth achievable. We're no longer trying to build everything internally," Elliott said, outlining how the company is leveraging its partners’ infrastructure, operational readiness, and market access.
He emphasised that Active Energy is keeping strategic control with a 60% stake, while minimising costs and maintaining a capital-light structure. This enables growth without burdening the balance sheet or expanding headcount unnecessarily.
Elliott also highlighted the strategic roles of its partners: Segments Cloud Hash brings infrastructure optimisation expertise, while LC Group offers international sales reach, which would have taken years to build organically.
The CEO pointed out the cost advantage of operating in the UAE, calling ultra-low-cost energy a “very major” structural benefit. He added that this positioning not only enhances competitiveness globally but also opens the door to regional expansion. Earlier this month, the company took a first formal step into Saudi Arabia after being granted an Entrepreneur Licence by the Kingdom’s Ministry of Investment
For more updates on Active Energy Group and its growth in the Middle East, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications so you never miss future content.
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