Maas Group Expands AI Infrastructure Exposure with Major Electrical Contract
Maas Group Holdings Limited (ASX: MGH) has secured a major contract through its wholly owned subsidiary, JLE Group, after entering an agreement with Firmus Technologies to deliver modular electrical infrastructure for a 100MW AI factory cluster in Launceston, Tasmania. Valued at approximately AU$200 million, the agreement covers the design, supply, installation and commissioning of high-voltage electrical systems, including Firmus’ proprietary PowerCube solutions, with delivery scheduled progressively throughout calendar year 2026.
The project will be executed by JLE’s Australian-based engineering and project delivery teams and forms part of Firmus’ broader Project Southgate initiative, which aims to establish sovereign AI infrastructure across Australia. Strategically, the contract enhances Maas Group’s exposure to the rapidly expanding AI and digital infrastructure market while reinforcing JLE’s capability in delivering large-scale, mission-critical electrical projects. In addition to the initial deployment, discussions are underway regarding a potential staged expansion exceeding 500MW in Tasmania by 2028, subject to approvals and investment decisions. The agreement materially strengthens JLE’s forward workload and supports near- to medium-term earnings visibility, with the Group’s FY26 EBITDA guidance remaining unchanged.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Maas Group Expands AI Infrastructure Exposure with Major Electrical Contract
Maas Group Holdings Limited (ASX: MGH) has secured a major contract through its wholly owned subsidiary, JLE Group, after entering an agreement with Firmus Technologies to deliver modular electrical infrastructure for a 100MW AI factory cluster in Launceston, Tasmania. Valued at approximately AU$200 million, the agreement covers the design, supply, installation and commissioning of high-voltage electrical systems, including Firmus’ proprietary PowerCube solutions, with delivery scheduled progressively throughout calendar year 2026.
The project will be executed by JLE’s Australian-based engineering and project delivery teams and forms part of Firmus’ broader Project Southgate initiative, which aims to establish sovereign AI infrastructure across Australia. Strategically, the contract enhances Maas Group’s exposure to the rapidly expanding AI and digital infrastructure market while reinforcing JLE’s capability in delivering large-scale, mission-critical electrical projects. In addition to the initial deployment, discussions are underway regarding a potential staged expansion exceeding 500MW in Tasmania by 2028, subject to approvals and investment decisions. The agreement materially strengthens JLE’s forward workload and supports near- to medium-term earnings visibility, with the Group’s FY26 EBITDA guidance remaining unchanged.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au