Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

0.40p
   
  • Change Today:
    -0.012p
  • 52 Week High: 7.35
  • 52 Week Low: 0.32
  • Currency: UK Pounds
  • Shares Issued: 161.86m
  • Volume: 15,840
  • Market Cap: £0.64m

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.

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AEG Market Data

Currency UK Pounds
Share Price 0.40p
Change Today -0.012p
% Change -2.85 %
52 Week High 7.35
52 Week Low 0.32
Volume 15,840
Shares Issued 161.86m
Market Cap £0.64m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average
35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average
Price Trend
97.82% below the market average97.82% below the market average97.82% below the market average97.82% below the market average97.82% 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 26-Apr-2024

Time Volume / Share Price
10:01 920 @ 0.44p
09:54 7,989 @ 0.36p
08:21 136 @ 0.35p
08:00 2,325 @ 0.43p
08:00 4,470 @ 0.43p

AEG Key Personnel

CEO Michael Rowan

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