Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 0.21p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.00
  • 52 Week Low: 0.17
  • Currency: UK Pounds
  • Shares Issued: 161.86m
  • Volume: 1,113,707
  • Market Cap: £0.34m

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 0.21p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.00
52 Week Low 0.17
Volume 1,113,707
Shares Issued 161.86m
Market Cap £0.34m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.05% above the market average75.05% above the market average75.05% above the market average75.05% above the market average75.05% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
99.3% below the market average99.3% below the market average99.3% below the market average99.3% below the market average99.3% below the market average
94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average
Income Not Available
Growth Not Available

AEG Dividends

No dividends found

Trades for 31-May-2024

Time Volume / Share Price
16:29 2,584 @ 0.17p
15:47 20,000 @ 0.17p
15:20 213,768 @ 0.21p
15:18 24,000 @ 0.17p
15:07 24,000 @ 0.25p

AEG Key Personnel

CEO Michael Rowan

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