Active Energy CEO on Abu Dhabi grid asset acquisition & 100MW goal

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) CEO Paul Elliott talked with Proactive's Stephen Gunnion about a transaction to acquire a live grid connection site in Abu Dhabi for a total of £2 million, subject to due diligence. Elliott explained that power availability across global markets, including the UAE, is becoming increasingly constrained. Because of this, Active Energy is focusing on acquiring sites where grid connections are already in place. According to Elliott, this approach allows the company to bypass the lengthy process of securing new power allocations and associated infrastructure development. “Our strategy is to secure the power and land first, then deploy our modular infrastructure on top of that capacity while securing off-take agreements with clients,” Elliott said. He highlighted that the recently discussed Ghummud site already has an energised grid connection, meaning infrastructure can be deployed quickly. Rather than taking years, Elliott said installations could be completed within weeks, allowing the company to move rapidly from acquisition to revenue generation. The site currently offers just under 3 megawatts of capacity, but Elliott noted that upgrades could potentially increase capacity significantly. Elliott added that the acquisition forms part of a wider regional growth strategy. Active Energy is actively seeking additional grid-connected sites across the UAE and surrounding region to build a larger infrastructure footprint. The company’s objective is to scale toward 100 megawatts of capacity within the next 12 to 18 months. He also noted that geopolitical shifts in the Middle East are creating investment opportunities as some investors step back from projects, presenting favourable acquisition opportunities for Active Energy. For more interviews and insights from the world of business and finance, visit the Proactive YouTube channel, give this video a like, subscribe to the channel, and enable notifications so you never miss future content. #ActiveEnergy #ActiveEnergyGroup #PaulElliott #UAEEnergy #EnergyInfrastructure #GridCapacity #PowerInfrastructure #EnergyInvestment #MiddleEastEnergy #EnergyMarkets #InfrastructureInvestment #ProactiveInvestors