• Enters U.S. AI data center sector as a land and energy development partner
• Leverages U.S. operating presence and energy expertise to address power constraints in AI data center buildout
• Positions as an ASX first mover in the intersection of energy and AI

Top End Energy Ltd (ASX: TEE, OTCQB: SERPY, TNDEF) has expanded its upstream natural gas and hydrogen business to include a downstream energy opportunity, entering the U.S. AI data center sector as a land and energy development partner. The Company is leveraging its U.S. operating presence and energy expertise across strategic land acquisition and natural gas infrastructure to work alongside experienced U.S. counterparties in the development of powered land. This positions TEE as an ASX first mover in a major growth thematic at the intersection of energy and AI. The U.S. AI data center buildout has emerged as one of the most significant growth themes in U.S. energy markets, driven by rapid growth in AI workloads and the need for new data center sites with secure and scalable power. Speed to power has become the defining bottleneck on AI data center development, surpassing hardware constraints. This has reinforced the investment case for powered land projects that pair natural gas supply with behind-the-meter generation. These evolving market dynamics have created an entry point for junior developers like TEE that can aggregate land, gas, fiber and water infrastructure and de-risk regulatory pathways to deliver reliable, low-cost power solutions at speed. U.S. data center electricity demand is expected to nearly triple by 2030, underpinned by a forecast US$2.6 trillion of investment, with the sector becoming a sustained focus of U.S. Executive Orders designed to fast track permitting and accelerate the development of large greenfield integrated energy and data center projects. TEE has already engaged with AI data center developers and is now building key relationships across land and infrastructure, with multiple sites under evaluation and the objective of progressing selected opportunities toward project-level agreements.

TEE is excited to be an ASX-listed first mover in this major U.S. growth thematic, leveraging its U.S. operating presence and core strengths in strategic land acquisition and energy infrastructure to position itself as the land and energy partner to AI data center developers.