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Eden Innovations (ASX:EDE) has jumped just north of +70% to 7cps on the news that it has three of its diesel-to-gas conversion kits for generators ordered for delivery by a U.S. data centre operator in an A$270,000 contract.
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While a +70% rise on a $270K contract may seem steep, it appears shareholders are bullish that the company’s ESG-minded conversion kits kick off a new trend in data centre management, with those largely supporting the use of ‘AI’ LLM programs becoming notorious for high energy demand.
Over the last two weeks, the company highlighted on Monday, it’s received a total of A$700K in orders for its ‘OptiBlend’ conversion kits “from U.S. data centres.” The company additionally pointed to another A$50K order from an unspecified U.S. court, presumably seeking to greenify its in-house backup power capacities.
The company clocked just south of $1M in sales across FY25, well received by some forum users who noted the company’s lately been cash-negative. Quick to add together its early FY26 wins with those contracts, the company pointed to A$1.21M of current orders, though that’s perhaps a tricky way of calculating sales.
Eden Innovation also produces EdenCrete, a “carbon nanotube-enriched liquid admixture” that strengthens concrete and, ideally for EDE shareholders, becomes so popular it reduces the overall intensity of global sand extraction for concrete.
(At least one HotCopper user quipped that maybe data centre operators could use that to build them, too.)
Still, the value proposition EDE is offering isn’t without merit. It’s true that diesel generators are dirtier than gas generators (though one needs to consider the current state of US ESG), and reporting that its OptiBlend conversion tech can extend backup generator time by “250%-300% longer,” interest in the company is obvious.
As of 1pm AEDT on Monday, around A$700K worth of shares had traded hands (with a 4wavg volume of 560K versus the ~10M shares trading hands in the nanocap on Monday). And for what it’s worth, Eden’s 5Y chart below.
EDE last traded at 7.2cps.
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