Revenue Generation Model

INPUT

Natural gas piped to site via fixed gas connection from the GB national (gas) grid

PROCESS

Electricity generation:
Gas fuels reciprocating engines, which generate electricity

OUTPUT

Electricity export:
Electricity exported via fixed electricity connection to the GB national (electricity) grid

REVENUE GENERATION

Offtake partner trades and purchases electricity from MED under a long-term PPA agreement*

* PPA offtake is based on a long-term contract (c. 7–15 years) with Statkraft. MED’s expected target gross profit margin is 30%.