Active Energy eyes rapid growth with new capacity as it acquires second project in Abu Dhabi

0:00Hello, you're watching ProAct, if I'm joined by Paul Elliott, the CEO of Active Energy. Paul, good to speak to you today. You have now secured around 13MVA of grid capacity. How does this change the scale and ambition of Active Energy's strategy? Good morning. Well, this really enforces our ambition to reach 100 megawatt within the next 12 to 18 months. What we've learned from building out our initial capacity is that speed or revenue is a critical factor. These acquisitions allow us to accelerate that journey significantly by securing energized capacity rather than starting from scratch. That said, we still remain flexible. We will continue to look at acquiring buildouts and obviously, ones like this that has basically jumped up and given us a great opportunity today. These assets are non-operational today, Paul. What's the timeline for turning them into revenue-generating science? The fact that they are non-operational

1:01is actually an advantage to us. It means that we're not dealing with any legacy infrastructure or constraints, et cetera. We can deploy our modular data center solutions immediately, we're materially sure, and that's the time. We're talking months, not years, and potentially as quick as within a month on some of them to initial revenue. As quick as that. You mentioned attractive opportunities and as others reassess projects. How strong is the pipeline for further acquisitions in the region, Paul? Oh, it's really strong. The current region on certainties led to some investors to pause or back away, which is creating opportunities to acquire assets at really attractive valuations. For us, this could be a defining moment. It allows us to scale up more quickly and efficiently than what we originally planned. Importantly, our strategy of multiple distributed sites also gives us resilience. We're not relying on one single large asset. It reduces any risk and enhances continuity.

2:02This still uses equity at a premium and deferred cash. How are you balancing growth with protecting shareholder value? Well, it's a hard question. It's always a balance, and it's one architect, seriously, both of the CEO and also, more importantly, as a major shareholder myself. What's important here is that we're issuing equity at a premium, not a discount, and bringing it in aligned strategic partners rather than short-term capital. That's the key distinction, I believe. We're focused on scaling the business in a way that builds long-term value, not just raising capital for the sake of it, and ensuring that the investors coming in are aligned with our journey. Well, thank you very much for taking the time. To speak with us today, I hope you'll continue to keep us posted on your progress. 100%. Speak to you very shortly, I hope. Well, early at the CEO of Active Energy.