Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 0.22p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.40p
  • 52 Week Low: 0.055p
  • Currency: UK Pounds
  • Shares Issued: 161.86m
  • Volume: 28,028
  • Market Cap: £0.35m

Active Energy begins CoalSwitch production at Ashland facility

By Josh White

Date: Wednesday 02 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Active Energy Group announced on Wednesday that production of 'CoalSwitch' has started at its facility in Ashland, Maine, following the construction of the five tonnes-per-hour production facility.
The AIM-traded firm said deliveries of the first CoalSwitch fuel to PacifiCorp's Hunter Valley power plant would begin this week for use in their testing programme, which was scheduled for the week of 14 June.

It said CoalSwitch production at the Ashland facility was part of the joint venture between AEG and Player Design, announced on 20 May.

The Ashland facility was granted an initial permit for the production of 1,000 tons of CoalSwitch, to be produced by 31 July.

Emissions data from the initial production would be supplied to the State of Maine for analysis.

The joint venture would then apply to the State of Maine to extend the terms of the permit, to enable the Ashland facility to expand its production to up to 35,000 tonnes of CoalSwitch each year.

"We are delighted to have successfully commissioned the Ashland Facility and to have begun production of CoalSwitch," said chief executive officer Michael Rowan.

"This is part of AEG's plan to have two operational CoalSwitch plants on the east coast of the US during 2021.

"We will now proceed to deliver CoalSwitch to PacifiCorp on time and accelerate the CoalSwitch fuel testing programme."

At 0914 BST, shares in Active Energy Group were up 6.4% at 0.74p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AEG Market Data

Currency UK Pounds
Share Price 0.22p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.40p
52 Week Low 0.055p
Volume 28,028
Shares Issued 161.86m
Market Cap £0.35m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.20% above the market average77.20% above the market average77.20% above the market average77.20% above the market average77.20% above the market average
39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average
Price Trend
11.60% above the market average11.60% above the market average11.60% above the market average11.60% above the market average11.60% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth Not Available

AEG Dividends

No dividends found

Trades for 27-May-2025

Time Volume / Share Price
11:16 15,000 @ 0.20p
10:10 571 @ 0.20p
09:15 20 @ 0.20p
08:35 12,437 @ 0.21p

Top of Page