RE: Update to look out for4 Jun 2026 13:36
First Mover ?
I'd be interested to know where Maidit gets the idea QDE is a 'first mover' in either peak power or data centre power.
I've known the energy sector for more than 20 years, and peak power generators for more than 10. There are over 650 individual peaker plants in the UK, most of them over 5 years old and the rest approaching ten. Ditto I know all the energy investment trusts who fund them or own many of them and almost certainly will be entering any market to power AI data centres. They have plenty of investors who will put up the dosh if thought to be profitable enough.
But I'm not aware QDE or Mast owns more then one or two, and then only one generating during the last year. And even those were 'bought' off the back of a lorry for what PK thought were 'bargain' prices but where, at least for Bordersley and Pyebridge - PK has had to spend additional fortunes (written off in the accounts) to get them actually running - and even then they are both still in hock to outside lenders.
(But Oh ! - I forgot. PK says he is a 'first mover' !) (Maybe he was referring to something else 'moving)
What I imagine PK has meant to say (in his usual shy, and probably reticent and slightly forgetful way) is that Mast is the only one 'listed' (forgetting that the other one listed was Plutus Powergen who went bust in 2021 - for the same reason QDE will eventually go (and is already going) bust - which is that peaker plants in the UK are not profitable enough both to afford the cost of the borrowing PK has to use, and the cost of a stockmarket listing. And even some very big groups have stated they might exit due to the erratic nature of the peaker market)
No others need a stockmarket listing to get in the funds they need to invest . In reality QDE is a tiny tail-end-Charlie, having to grovel (sorry boast and promise) to naive investors who know nothing about the industry, to get his.
Still. No doubt Maidit has his reasons for not bothering to look up the public facts.
Or maybe he is just gibbering away and parroting someone's fantasies.
Who knows.