Active Energy Group PLC has obtained a £1.3 million funding facility to support the expansion of its power-backed infrastructure sites in the UAE. The 12-month unsecured loan, with a 5% fixed interest rate and arrangement fee, will finance deposits, acquisitions, and development costs to bring new sites online. The company is prioritizing larger sites to meet the needs of international partners like Bitdeer, targeting projects of 20 MW and above, including a potential 60 MW site. This funding enhances AEG's ability to quickly capitalize on opportunities in bitcoin mining, AI, and high-performance computing infrastructure, aiming to increase power capacity and scale in the region.
Active Energy Group's new £1.3 million financing facility supports its UAE growth plans. For readers following the energy sector, here is Pluang's market snapshot as of Oct 01, 2026 14:31 WIB: Of 38 priced US energy stocks, 12 rose and 23 fell today. Enphase Energy Inc (ENPH) rose 0.67% to USD 33.21 with 100% buy order activity, Cenovus Energy Inc (CVE) fell 0.64% to USD 30.88 with 100% buy order activity, and Chevron Corp (CVX) declined 0.61% to USD 203.19 with 79% buy order activity and 21% sell activity.
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