Quantum Data Energy (QDE) has reported a strong start to 2026, with electricity generation and revenues rising sharply at its Pyebridge flexible generation asset, while confirming minimal exposure to the ongoing Iran conflict.
The company said its 100% owned 8.1 megawatt Pyebridge asset generated about 3.3 gigawatt hours of electricity in Q1 2026, up 61% year-on-year. Meanwhile, over the 12-month period to March 2026, total generation reached about 12 gigawatt hours, an increase of about 74% compared to the prior year period.
Pyebridge delivered average revenues of about £285,000 per megawatt in production per annum over the same 12-month period. The asset achieved an average electricity sales price of £126 per megawatt hour, representing a 65% premium to the average wholesale market price.
Furthermore, the plant operated for about 12 hours per day on average across the period, around 50% above the typical eight-hour daily base case for flexible generation assets. This reflects sustained strong demand for flexible power, particularly amid intermittent renewable supply.
Separately, Quantum confirmed that the ongoing Iran conflict has not had a material impact on its operations. The company noted that the United Kingdom sources less than 1% of its gas from the affected region, with the majority coming from Norway and domestic North Sea production, limiting direct supply risk.
However, while higher global gas prices have temporarily compressed spark spreads, electricity forward prices are already rising in response. The company pointed to similar market dynamics seen in 2022 during the outbreak of the Ukraine war, which preceded a strong trading period for flexible generation assets.
Quantum Data Energy’s CEO Pieter Krügel said: "We are delighted with the ongoing strong performance of our Pyebridge flexgen asset, which underscores the ongoing strong demand for flexgen power and QDE's core business model. Further, it is clear that the current Iran conflict does not have a material impact on QDE's business model, which is well insulated and robust. We are actively working on growing our portfolio of flexgen assets to reach our initial target of 300 MW and beyond, and we look forward to updating the market with progress in this regard in due course."
View from Vox
A strong operational update from Quantum, with Pyebridge continuing to outperform on both utilisation and pricing. Meanwhile, the confirmation of limited exposure to geopolitical disruption should provide reassurance, with the business positioned to benefit as power markets adjust to higher gas prices.