Quantum Data Energy (QDE) has reported record electricity generation from its Pyebridge flexible generation asset during the first half of 2026, while construction at its Hindlip and Bordersley projects continued to advance.
The company generated around 4.7 GWh of electricity in the six months to 30 June, an increase of ~15% year on year, driven mainly by strong demand for flexible generation power. Pyebridge achieved an average electricity sales price of around £149/MWh, ~58% above the average day-ahead wholesale market price of £94/MWh.
The 8.1MW Pyebridge asset generated revenue of around £792,000 during the period, up ~9% from £727,000 a year earlier. Electricity generated and sold totalled ~4,708 MWh, about 13% higher year on year.
Pyebridge also secured a further T-4 Capacity Market contract for the 2029/30 delivery year, giving it uninterrupted one-year Capacity Market contracts through to 2030. The company intends to seek a final T-4 contract with a potential 15-year term.
Elsewhere, 5MW Bordersley moved from shovel-ready status into construction during the period. Civil, electrical, genset and gas connection packages had been placed by the period end, while civil bases, the switch room and acoustic fencing had been completed. Generating sets were ordered for delivery in August, with commercial operations targeted for the fourth quarter of 2026.
At 7.5MW Hindlip, construction was completed on time and within budget, with all three gensets commissioned and passing performance tests. Commercial operations are expected to begin during the third quarter.
Together, Hindlip and Bordersley represent 12.5MW of additional capacity approaching the operating portfolio. The company said both projects have largely been funded by investment partners rather than shareholder capital, supporting its capital-light approach to portfolio expansion.
Quantum Data Energy is targeting more than 300MW of flexible generation capacity in the short to medium term. Once Hindlip and Bordersley enter commercial operation, the producing portfolio is expected to reach about 20.6MW across three sites.
The company also said it continues to advance its strategy for supplying power to AI datacentres, adding another potential growth avenue alongside its flexible generation portfolio.
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The key takeaway is the combination of stronger Pyebridge performance and tangible progress in expanding capacity. With Hindlip nearing operations and Bordersley under construction, the company is moving from a single operating asset towards a broader generating portfolio, while its capital-light funding model could help limit the need for shareholder dilution as it scales.