MED Reports Successful Genset Overhaul and Growth Plans

Mast Energy Developments PLC (GB:MAST) has released an update.

Mast Energy Developments PLC (MED) has reported a successful first month for its refurbished Pyebridge genset, generating approximately £56,689 in revenue and significantly outperforming the market with a 40% margin. The company’s overhaul of the Pyebridge site’s first 2.7MW genset, part of a trio totaling 8.1MW, shows promising signs for the refurbishment of the remaining units. Additionally, MED is leveraging a partnership with RiverFort for project finance and aims to grow its portfolio to 100 MW of green-focused energy generation.

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