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ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

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Equity Bottom-Up

Mast Energy Developments / Equity Bottom-Up

Mast Energy Developments PLC operates as an energy holding company. The Company acquires and develops a portfolio of flexible, small scale, and multiple reserve power generation plants producing clean power through natural gas. Mast Energy Developments serves clients in the United Kingdom.

<ul><li>Quantum Data Energy (QDE, MAST.L) delivers flexible power solutions to the UK grid and AI datacentres worldwide.</li><li>MAST.L is targeting 1GW of new generation by 2030.</li><li>Our current value range GBp 51-54 is based only on 150MW and our expected dilution of 223m shares.</li></ul>

Quantum Data Energy (QDE, MAST.L) delivers flexible power solutions to the UK grid and AI datacentres worldwide.MAST.L is targeting 1GW of new generation by 2030.Our current value range GBp 51-54 is based only on 150MW and our expected dilution of 223m shares.

Quantum Data Energy (MAST.L) Rapid Progress 25112025

<ul><li>Quantum Data Energy (MAST.L) delivers flexible, modular power solutions to the UK grid and AI datacentres worldwide.</li><li>QDE is targeting 1GW of new generation by 2030.</li><li>Our current value range is based only on 150MW and on our expected dilution of 223m shares.</li></ul>

Quantum Data Energy (MAST.L) delivers flexible, modular power solutions to the UK grid and AI datacentres worldwide.QDE is targeting 1GW of new generation by 2030.Our current value range is based only on 150MW and on our expected dilution of 223m shares.

Quantum Data Energy (MAST.L) Accretive Cash Warrants FINAL 18112025

<ul><li>Mast Energy Developments plc (MAST.L, ESCC Transition) is a flexible power generation plant owner, developer and operator targeting >300 MW of new, grid critical, generation for the UK flexible power market by 2030.</li><li>Our current value range is based only on the first 150 MW.</li><li>Since our initiation MAST recently bought exclusive rights to five sub‑5 MW flexible‑generation sites from Green Light Energy (GLE).</li></ul>

Mast Energy Developments plc (MAST.L, ESCC Transition) is a flexible power generation plant owner, developer and operator targeting >300 MW of new, grid critical, generation for the UK flexible power market by 2030.Our current value range is based only on the first 150 MW.Since our initiation MAST recently bought exclusive rights to five sub‑5 MW flexible‑generation sites from Green Light Energy (GLE).

MED MAST.L Update Megawatt Momentum 3172025

<ul><li>Mast Energy Developments plc (MAST.L, LSE Standard List) is a flexible power generation plant owner, developer and operator targeting >300 MW of new, grid critical, generation for the UK flexible power market by 2030.</li><li>We value the first 150 MW.</li><li>MAST’s refocused cash‑first, modular scale‑up strategy has monetised Pyebridge, is de‑risking Hindlip (£5m Powertree JV) and locking‑in attractively priced high‑visibility Capacity‑Market (CM) cash flows.</li></ul>

Mast Energy Developments plc (MAST.L, LSE Standard List) is a flexible power generation plant owner, developer and operator targeting >300 MW of new, grid critical, generation for the UK flexible power market by 2030.We value the first 150 MW.MAST’s refocused cash‑first, modular scale‑up strategy has monetised Pyebridge, is de‑risking Hindlip (£5m Powertree JV) and locking‑in attractively priced high‑visibility Capacity‑Market (CM) cash flows.

MED MAST.L Initiation Lights On Engines Revving 15072025 - Augmentation

<ul>
<li>Mast Energy Developments plc (MAST.L, LSE Standard List) is a flexible power generation plant owner, developer and operator targeting &gt;300 MW of new, grid critical, generation for the UK flexible power market by 2030.</li>
<li>We value the first 150 MW. MAST’s refocused cash‑first, modular scale‑up strategy has monetised Pyebridge, is de‑risking Hindlip (£5m Powertree JV) and locking‑in attractively priced high‑visibility Capacity‑Market (CM) cash flows.</li>
<li>The UK power grid faces a 10‑12 GW flexibility gap by 2030 as wind‑and‑solar (intermittent generation) penetration accelerates. </li>
</ul>


Mast Energy Developments plc (MAST.L, LSE Standard List) is a flexible power generation plant owner, developer and operator targeting &gt;300 MW of new, grid critical, generation for the UK flexible power market by 2030.
We value the first 150 MW. MAST’s refocused cash‑first, modular scale‑up strategy has monetised Pyebridge, is de‑risking Hindlip (£5m Powertree JV) and locking‑in attractively priced high‑visibility Capacity‑Market (CM) cash flows.
The UK power grid faces a 10‑12 GW flexibility gap by 2030 as wind‑and‑solar (intermittent generation) penetration accelerates. 


Mast Energy Developments - Lights On, Engines Revving

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate readers, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.