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

Core Viewpoint - Active Energy Group PLC is acquiring a live grid connection site in Abu Dhabi for £2 million, which is part of a strategy to secure existing power infrastructure to expedite revenue generation [1][2]. Group 1: Acquisition Strategy - The company is focusing on acquiring sites with existing grid connections to avoid lengthy processes associated with new power allocations and infrastructure development [2]. - The Ghummud site has an energized grid connection, allowing for rapid deployment of infrastructure, with installations potentially completed within weeks instead of years [4]. Group 2: Capacity and Growth Plans - The Ghummud site currently offers just under 3 megawatts of capacity, with potential upgrades to significantly increase this capacity [4]. - Active Energy aims to scale its capacity to 100 megawatts within the next 12 to 18 months by seeking additional grid-connected sites across the UAE and surrounding regions [5]. Group 3: Market Opportunities - Geopolitical shifts in the Middle East are creating favorable investment opportunities, as some investors are stepping back from projects, allowing Active Energy to pursue advantageous acquisitions [6].