Quantum Data Energy (MAST) has appointed sustainable infrastructure advisers to support a non-dilutive funding drive as it targets a 300-megawatt portfolio of flexible generation assets across the UK. The London-listed developer has partnered with Sustainable Investing Solutions, led by industry veterans David Short and Helen Wade, to structure project-level financing that avoids issuing new equity at the PLC level.
The company plans to use special purpose vehicles to fund both the construction of its existing 40MW development pipeline and acquisitions of operational assets, capitalising on recent activity in a market buoyed by tax-driven disposals. Over 1.4 gigawatts of flexgen assets have come to market in the past two years, with further opportunities expected as funds crystallise tax positions.
Chief executive Pieter Krügel said the deal marked a “key milestone” in the firm’s plan to scale without diluting shareholders, while Short called Quantum’s decentralised asset model “compelling,” citing regulatory exemptions and grid advantages for smaller sites. The company expects to reach financial close with at least one investor by the first quarter of 2026.
Separately, Quantum confirmed the issuance of 55.7 million new shares following warrant exercises, bringing total shares in issue to 138.8 million.
View from Vox
There’s substance behind the narrative this time. While funding is not yet secured, Quantum’s decision to pursue non-dilutive, SPV-based capital is strategically sound, particularly in a market wary of equity dilution. The appointment of credible advisers lends weight, but the execution risk remains high, this is an ambitious scale-up from a modest starting base. Investors will rightly wait for hard funding news, but this marks a meaningful shift from ambition to action.