Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) CEO Paul Elliott tells Proactive's Stephen Gunnion that Ghummud's first full month - $110,000 in revenue at 97% uptime - proves the model works, and that the GCC region is taking notice.
"What we're building is real and they're chasing us," Elliott says, pointing to expansion opportunities in Bahrain and Saudi Arabia as the company looks to replicate its UAE platform across the wider region.
The strategy is straightforward: acquire energised sites rather than build from scratch, deploy infrastructure quickly and move customers between locations as the platform scales. Elliott says increasing scale will also unlock more traditional debt financing, with Ghummud, the 8 MVA project and Khazna forming the foundation of a platform designed to attract institutional capital as AI-driven demand accelerates.
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