Midweek Takeaway featuring Pieter Krugel, CEO of Mast Energy Developments (LSE:MAST) #MAST

In this episode of Midweek Takeaway, we sit down with Pieter Krügel, CEO of Mast Energy Developments (AIM: MED), to dive into the company's latest announcement of a 16% revenue boost for July 2024 from their Pyebridge 8.1MW flexible power generation site. Pieter breaks down how the site has generated approximately £66,000 in revenue after receiving Imbedded Benefits, with August preliminary figures showing £46,000 in revenue, even before those benefits are added. We explore Pyebridge's impressive market outperformance, with a 75% increase in electricity sales prices and a gross profit margin of 57%. Pieter also provides insights on the ongoing refurbishment of the second genset, the upcoming 8.1MW capacity contract, and how MED’s partnership with RiverFort is fueling the company’s growth. Tune in to hear what’s next for MED as they gear up for higher revenues during the "shoulder months" and push towards their ambitious goal of 100MW in green energy capacity.

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The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.