Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 0.38p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.35p
  • 52 Week Low: 0.32p
  • Currency: UK Pounds
  • Shares Issued: 161.86m
  • Volume: 973,628
  • Market Cap: £0.61m

Active Energy's CoalSwitch gets thumbs-up from Utah Governor's Office

By Josh White

Date: Friday 15 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Biomass based renewable energy and forestry management company Active Energy has received a letter of support from the Governor's Office of Energy Development in Utah, it said on Friday, regarding Advanced Biomass Solutions' plans for the 'CoalSwitch' plant.
The AIM-traded firm said the letter particularly focussed on Active Energy's intention to deliver product for commercial scale testing to power facilities in the state.

It said it also highlighted its support of ABS's activities, and that it was "looking forward" to the expansion of activities in Utah.

"If ABS' test is successful, [the Office of Energy Development] anticipates continued investment by installing a permanent plant in Utah," the letter read.

"Such investment will add tremendous value to the State by generating new jobs, expand manufacturing, and support important industries like trucking, supply chain purchasing, and agriculture.

"Additionally, ABS' process promotes environmental stewardship through clean air initiatives and encourages new forms of renewable energy production."

Active Energy non-executive chairman Michael Rowan said the board was "delighted" to receive the support from the Governor's Office in Utah, which he said reaffirmed the progress and potential for its CoalSwitch biomass fuel.

"The environmental credentials are being recognised across the board and we are extremely excited about the future, especially as we expect to deliver our first commercial quantities to partners, including Rocky Mountain Power, in the near future," Rowan added.

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AEG Market Data

Currency UK Pounds
Share Price 0.38p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.35p
52 Week Low 0.32p
Volume 973,628
Shares Issued 161.86m
Market Cap £0.61m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Price Trend
98.27% below the market average98.27% below the market average98.27% below the market average98.27% below the market average98.27% below the market average
89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average
Income Not Available
Growth Not Available

AEG Dividends

No dividends found

Trades for 07-May-2024

Time Volume / Share Price
15:57 678 @ 0.35p
15:56 514 @ 0.39p
13:59 134,589 @ 0.35p
13:52 20,691 @ 0.35p
12:50 711,307 @ 0.32p

AEG Key Personnel

CEO Michael Rowan

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