Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

0.18p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.76
  • 52 Week Low: 0.13
  • Currency: UK Pounds
  • Shares Issued: 5,665m
  • Volume: 3,184,307
  • Market Cap: £9.91m

Active Energy produces coal substitute at Maine plant

By Sean Farrell

Date: Thursday 08 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Active Energy said its facility in Maine had produced the company's coal substitute fuel and that this had increased interest among potential customers.
The company said it was pleased with the Ashland facility's performance and that it was working with joint venture partner Player Design Inc (PDI) to increase production of the CoalSwitch biomass fuel to three tonnes per hour.

Using information from the initial commissioning, PDI has started engineering analysis to build bigger facilities that will produce up to 20 tonnes per hour. The joint venture will apply to the state of Maine for an operating permit to increase production from the Ashland plant.

Active Energy said production of CoalSwitch, which is made from lumber waste, had accelerated interest and enquiries from prospective customers. Sales teams in the US and Japan have delivered samples to more than 10 potential customers in the past few weeks, the company said. The board expects prospective customers to order significant quantities for larger tests leading to contract talks, it said.

Max Aitken, a non-executive director of Active Energy, will take on executive responsibilities to develop customer relationships and add to management strength, the company said.

Michael Rowan, Active Energy's chief executive, said: "CoalSwitch is now no longer a concept but a next generation biomass renewable fuel in production and immediately ready for testing by prospective customers. The level of new customer enquiries, both from within North America and internationally, within the last month is extremely encouraging for the future commercial prospects of CoalSwitch.

"I am also delighted that Max Aitken will assume an increasing management role within AEG as the business expands. Max has unique biomass industry experience in the UK and Europe from the last decade and this will be invaluable."

Active Energy shares rose 0.5% to 0.65p at 10:32 BST.

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 0.18p
Change Today 0.005p
% Change -2.78 %
52 Week High 0.76
52 Week Low 0.13
Volume 3,184,307
Shares Issued 5,665m
Market Cap £9.91m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average
3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average
Price Trend
93.74% below the market average93.74% below the market average93.74% below the market average93.74% below the market average93.74% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
9.95% above the market average9.95% above the market average9.95% above the market average9.95% above the market average9.95% above the market average
25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average

AEG Dividends

No dividends found

Trades for 17-May-2022

Time Volume / Share Price
16:27 10,000 @ 0.18p
14:22 1,000,000 @ 0.17p
13:51 736,116 @ 0.17p
13:32 10,140 @ 0.18p
13:25 290,000 @ 0.17p

AEG Key Personnel

CEO Michael Rowan
Finance Director Andrew Diamond

Top of Page