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

Welcome to the Midweek Takeaway! Today, Phil Carroll and Kevin Hornsby are joined by Pieter Krügel, CEO of Mast Energy Developments (MED). We'll discuss the exciting news about MED’s Pyebridge flexible power generation asset, which has generated approximately £57,000 in its first month and 100% reliability. This success paves the way for further refurbishment at the site, enhancing revenue and profitability. Additionally, Pyebridge secures an annual gross profit of £308,000 from its Capacity Market contract, with further income opportunities being explored in the Balancing Mechanism market. Pieter highlights the strategic partnership with RiverFort, supporting MED's expansion plans.

Disclaimer & Declaration of Interest

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.