JLE Group Lands $200M Deal for 100MW AI Cluster in Tasmania
Maas Group's JLE subsidiary has landed a $200 million deal to deliver modular electrical infrastructure for a 100MW AI factory cluster in Tasmania, marking a major step into the AI infrastructure sector.
- JLE Group awarded $200 million contract for 100MW AI factory cluster in Launceston
- Project involves supply and installation of modular PowerCube electrical solutions
- Work scheduled progressively throughout 2026 by Australian-based teams
- Potential expansion to 500MW+ AI capacity in Tasmania by 2028 under discussion
- FY26 EBITDA guidance remains steady despite increased workload
A Strategic Win in AI Infrastructure
Maas Group Holdings Limited (ASX, MGH) has announced a significant contract win through its wholly owned subsidiary, JLE Group. The $200 million agreement with Firmus Technologies marks a major milestone, positioning JLE as a key player in the delivery of electrical infrastructure tailored for next-generation AI data centres. The project involves the turnkey supply, delivery, and installation of modular electrical solutions branded as "PowerCube" for Firmus’ first 100MW AI factory cluster in Launceston, Tasmania.
This contract not only showcases JLE’s technical expertise but also aligns Maas Group with the rapidly expanding AI and digital infrastructure market in Australia. The work is set to be carried out progressively throughout 2026 by JLE’s Australian-based engineering and project management teams, underscoring the company’s commitment to local industry and manufacturing.
Implications for Maas Group and the AI Sector
The deal significantly boosts Maas Group’s exposure to the AI infrastructure sector, a market poised for substantial growth as demand for data processing and AI workloads intensifies. CEO Wes Maas highlighted the contract as a strong endorsement of JLE’s capabilities and a strategic step in supporting sovereign AI infrastructure development across Australia.
Firmus Technologies, the sovereign AI factory builder, is advancing its Project Southgate roadmap, aiming to establish critical AI infrastructure domestically. The Launceston cluster is just the beginning; discussions are underway for a potential staged rollout of an additional 500MW+ AI factory capacity in Tasmania by the end of 2028, contingent on investment decisions and approvals.
Financial Outlook and Market Position
Despite the sizeable contract, Maas Group has maintained its FY26 EBITDA guidance range of $240 million to $275 million, signaling confidence in managing the increased workload without disrupting financial targets. As project timelines firm up, the company expects to provide clearer visibility on earnings allocation between FY26 and FY27.
This contract not only enhances Maas Group’s revenue prospects but also strengthens its reputation as a trusted partner in delivering complex, large-scale electrical infrastructure projects critical to Australia’s AI future. The collaboration with Firmus also reflects a broader commitment to leveraging Australian manufacturing and creating long-term industry opportunities.
Bottom Line?
Maas Group’s $200 million contract win cements its role in Australia’s AI infrastructure build-out, with expansion potential that could reshape its growth trajectory.
Questions in the middle?
- How will the potential 500MW+ expansion impact Maas Group’s long-term earnings?
- What are the key risks related to planning approvals and investment decisions for Project Southgate?
- How might this contract influence Maas Group’s positioning against competitors in AI infrastructure?
