Quantum Data Energy (MAST) has raised £1.165 million through an acceleration capital placing, with proceeds earmarked for capital expenditure to progress its Bordesley 5 MW flexible generation project.
The company is near financial close and starting construction on the Bordesley project in Central Birmingham, England.
Quantum said it has made significant progress growing its portfolio of flexible generation assets and megawatts in production, as it works towards an initial target of 300 MW.
The company raised the funds via the issue of 46.6 million new ordinary shares at 2.5p per share. Quantum said it has sufficient cash reserves to support working capital, with the new capital intended solely to increase MWs in production.
Quantum expects admission of the new shares to trading on the London Stock Exchange at 8.00 a.m. on 12 February 2026, with the shares ranking pari passu with existing ordinary shares.
Quantum Data Energy’s chief executive officer Pieter Krügel said: “We are excited about the ongoing progress that we are making as we continue to build our portfolio of flexgen assets to our initial target of 300 MW and beyond. The Acceleration Capital has been undertaken solely to support the expeditious completion of an immediate growth opportunity that will make a meaningful contribution to QDE’s portfolio of MWs in production. We are also working on a number of additional near term growth opportunities and look forward to updating the market with further updates in due course.”
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The latest fundraise is tightly focused on getting a specific near-term project over the line, rather than plugging a working capital gap. Going forward, the key question is whether Bordesley moves into production on schedule and helps validate the route to a larger, repeatable build-out towards the 300 MW target.