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Agreed BB there should be interest building on last Friday.

Update on revenues at Pyebridge for Dec due...........

Wonder whether PK has been busy on the acquisition trail..................

Good to see the additional interest yesterday. Hopefully increasing over the next few weeks / months.

MED should be benefitting considerably as a result of this cold weather.

Due an update on december's revenue for Pyebridge site and more.............

however, its gone a bit quiet since Xmas update 19/12...........(Nothing even on X)

Expecting great things in the weeks / months to come.

Great find mooncoin.

We should be hearing details of Dec revenues at Pyebridge site which will include a half month of revenue from the 2nd refurbished genset. Hopefully £100K or more, although £12M would be pushing it!!

FWIW - which isn't alot on a thread consisting in the main of non shareholders and trolls.

That 350k sell was actually a buy - mine.

From Cryptopolitan about the same time:

According to analysts ‘ projections, energy infrastructure is expected to be the next big area of focus for AI investors as they seek to power the highly energy-consuming data centers.

This comes as the demand for AI products and services continues to grow, subsequently pushing the demand for electricity to power data centers. According to the Financial Times, this is creating a new class of attractive businesses, that is energy providers.

As the tech firms become overvalued and too much for some investors, experts posit that there are other options in the AI wave. They argue that energy-related firms will be the next bet, although they may not be “as flashy as Nvidia’s semiconductors.”

Energy infrastructure firms tipped to do well

Reports show that energy consumption at AI and crypto mining data centers has been on an increase creating scope for the sector to look for sustainable energy use and green energy.

James West, a senior analyst at Evercore ISI told the Financial Times that investors were looking for “a next derivative in AI.”

“The technology investors that are calling us are asking about power.”

West.

“This is the next big bull market, especially as you have some of the other AI derivatives like the chips running out of capacity,” added West.

Renewable energy is fast growing

West added that while technology is fast growing worldwide, the same can be said about the renewable energy sector, which is experiencing exponential growth as investors begin to increase their attention towards it.

According to the International Energy Agency (IEA), renewable energy generated in 2025 across the world is expected to surpass coal energy for the first time.

However, this might not be enough to meet the fast-growing demand at data centers. Experts have proffered two options, the first being “re-carbonization” which refers to restarting or maintaining the fossil fuel power plants.

But, this might result in data centers contributing to carbon emissions significantly. Already, tech giants like Microsoft have seen a 30% jump in emissions between 2020 and 2023, driven by data centers. Google has also seen a jump in energy consumption at its data centers due to an increase in demand for AI services.

Found this comment which goes back to 16th September 2024

"As highlighted in the recent articles from the Financial Times and Cryptopolitan, electricity infrastructure companies are emerging as key players in the next phase of AI associated investment. The increased energy requirements of complex A.I processing is reminiscent of the energy demands associated with crypto-mining, but with notably a non-linear demand based on the usage of A.I. Energy scarcity is likely to be a critical factor in the global infrastructure for A.I processing and the United Kingdom is going to have to invest in energy infrastructure to remain competitive.

The increased periodic demands associated with A.I utilisation aligns perfectly with MED's thesis and the objective to expand and upgrade its flexible power generation capabilities to a 300 MW portfolio.

MED's recent genset overhaul successes and strong revenue generation underscore its commitment to scalable growth and innovation. With plans to apply for an enhanced Capacity Market contract for 2025/2026, the ongoing review of the acquisition of additional sites for immediate operation, capitalising on the increasing demand for reliable energy, making it a key player in supporting the AI sector’s power needs.

Pieter Krügel CEO of Mast Energy Developments commented: "A.I. requirements are constant, operating 24/7, but the need for processing power fluctuates with usage spikes. The UK national grid already faces significant strain, and considerable investment is required in energy infrastructure. The MAST strategy focuses on providing peaker plants that supplement existing capacity, activated when demand exceeds baseline levels. As we move towards our 300MW project, we aim to expand energy production beyond our current gas peaker initiatives. The MAST board believes we are well-positioned to adapt to the growing needs of the energy."

Excellent post maidit308.

Looks as though the DD has been concluded with Powertree. The £70,000 loan from Powertree to further completion at Hindlip Lane has been made as the charge was created 18th Dec and registered at Companies House on 23rd December . Not sure when they are expecting to earn a revenue from Hindlip lane. I think Bordersley site needs another 6 to 9 months work from the date finance is put in place which is probably why its on the back burner still and we are expecting Hindlip lane to generate revenue at a far earlier date.

That's a first for me, ramping indeed! Perish the thought!

Incidentally the driving force behind Powertree is Hartree Partners Power Holdings (UK) Ltd, they own 75% and are quite a considerable outfit in their own right. They are committed to supporting Powertree with financial support in the form of a loan to Powertree with an equal share in management decisions. Hartree is quite a well established business and set up Powertree as a joint venture presumably with Power Balancing Services in 2016. Hartree's subsidiaries are all SPV's similar set up to MED but much more advanced in operations and now a well established business.

Hartree's key financial performance indicators;

Y/E 31.12.22 Revenue £11,514,488 Profit before tax £11,673,361.

Y/E 31.12.23 Revenue £7,121,134 Profit before tax £3,582,521.

The Group operates four sites within the portfolio which sell power on the day ahead and intraday markets at peak times assisting National Grid to balance the power network in real time.

They have shown that they can make serious profits too:

Y/E 31.03.22 Revenue £10,537,550 Gross Profit £5,239,387 ( GP% 50%) Operating Profit £4,637,286.

Y/E 31.03.23 Revenue £15,536,858 Gross Profit £7,901,831 ( GP% 51%) Operating Profit £7,095,834.

P/E 31.12.23 Revenue £2,427,631 Gross Profit £405,564 ( GP% 17%) Operating Loss £277,072.

(The period ended 31.12.23 was for 9 months only and after the exceptional markets of the previous year those of this period were more subdued with prices and volatility below that forecast by commentators).

Hopefully the DD goes well and MED get through it all and they move on swiftly to a long and profitable journey together.

Powertree's business review in their annual accounts contains a paragraph that shows it should be right up MED's avenue and offering a golden opportunity :

" UK peak demand for electricity is forecast to almost double by 2050, driven in part by electrification of transport home heating and hydrogen electrolysis. UK generation is shifting from baseload generation from sources such as Coal and Nuclear to increasing dependency on intermittant renewables, such as wind. Combined with significant growth in demand for electricity, this is leading to ever increasing scale of imbalances on the UK grid both regionally and locally, creating the need for highly flexible, dispatchable plant that can generate at short notice during times of low renewable output and high demand. The Group has built highly flexible power plants that are able to provide this flexibility along with an intelligent dispatch platform to ensure the assets generate at times when they are needed the most."

Hindlip Lane should be followed by Bordersley in quick succession.

Revenue from Bordersley was estimated at £1.5M per annum when up and running and my understanding is that it has been moth-balled pending the right finance. Once the DD is done for MED by Powertree it seems a no brainer for them to move on to the Bordersley site and get it running to full capacity and generating a revenue of £125,000 pm.

Would hazard a guess one or two are still sitting on the fence to see if history repeats itself or they make some worthwhile site acquisitions. With everything very much in place it must surely be the latter . Depends too on the speed that they roll this out, however there does appear to be an energy beneath the surface driving MED forward to accomplish their given targets. January should be the pivitol month.

Early New Year and we should see considerable expansion.

Project Finance agreement with Riverfort Global Capital to arrange project finance funding for additional site aquisitions and development to help MED grow its portfolio of MW's in production to 300.

Long term partnership (once DD completed satisfactorily) with Powertree to provide capital into the portfolio of development flexible power generation projects that MED owns starting with Hindlip then rolling it out at Bordersley and Slather Road and so on.........

Its nearly all more or less in place for considerable expansion to start very soon.

Roll on 2025..................

Fifth on the list up 15.2%. Bit more buying and we could move up to third and then it will get interesting with the herd getting involved. We shall see................

This should move fast with few shares available. 20% are held by Riverfort who are locked in until 1st January. The rest are held by HBOS Investment fund Mgnrs (18.30%), Close Asset Mgmt (10%), Peel Hunt Llp (8.26%), Dave's Cos etc after that there are quite a few large cos holding a small amount of shares so won't be that interested in selling.

There is a new podcast out on Sunday Roast - can't seem to get the link, is someone else able to?

Well, not to be taken as red, but I reckon that the three gensets refurbished at Pyebridge (8.1MW) and Hindlip Lane (7.5MW) generating revenue £4.32M p.a. with 30% Gross profit £1.291M plus Capacity Market income at say £360K pa Total £1.551M gross profit should be just about breakeven for MED.

(Costs estimated p.a - Admin etc £600K, Depn £180K, Impairment Nil, Project costs £500K, Interest on loan £325K Total £1.605M )

Me neither - would have thought there would be far more interest and buying - but still early days bunsenburner123. Pyebridge refurbished genset no.2 has only just started to raise revenue and Hindlip lane / 3rd genset at Pyebridge have yet to commence earning revenue.

However when they do they are to generate revenue at £23,000 per month per MW ie Pyebridge 8.1 MW plus Hindlip lane 7.5MW Total 15.6 MW * £23,000 nearly £360,000 per month or £4.32M per annum. Should see them with a gross profit of 30% amounting to £108,000 per month or £1.3M per annum and enough cash flow to meet their loan commitments.

Just looked at the two companies a/cs lodged with Cos Hse. Seems like Hartree is a pretty large, profitable operation and MED are setting the target high and perhaps using Hindlip as a tester to rolling out the Growth Capital Partnership in a big way. Time will tell but its an exciting prospect for 2025.