Active Energy Group demonstrates "another step forward" at AGM
July 11, 2023 at 09:30 am EDT
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Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) (AEG) CEO Michael Rowan, COO Steve Schaar and CTO Barron Hewetson join Thomas Warner from Proactive London on the occasion of the biomass company's annual general meeting. Rowan takes the chance to introduce Schaar and Hewetson who have both recently joined AEG from Enviva Biomass, the world's largest producer of wood pellets. AEG itself is in the process of bringing to market what it calls a next generation biomass pellet, CoalSwitch. Rowan gives an overview of developments at the company over the last eighteen months, highlighting the current focus on bringing online its reference plant in Ashland, Maine. He says the work being done there represents "another step forward." Schaar and Hewetson, who joined AEG in March and July respectively, go on to explain what they'll be prioritising in the coming months. The AGM presentation is available on Active Energy Group's website, and investors are encouraged to reach out for further information.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
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Active Energy Group Plc is a United Kingdom-based renewable energy company. The Company is focused on the production and development of biomass products. It is a producer of sustainably sourced, energy-dense clean carbon products and technologies. It operates through the CoalSwitch segment, which denotes the Company's renewable wood pellet business. It has developed a technology, which transforms waste biomass material into renewable fuels. Its patented product, CoalSwitch, is a drop-in renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or replacing existing biomass feedstock resources. The Company is also focused on production and commercialization of CoalSwitch and the development of CoalSwitch fuel blends that utilize low value wood waste and residual materials. Its subsidiaries include Advanced Biomass Solutions Limited, Lumberton Energy Holdings LLC, CSW2Maine LLC and others.
ACTIVE ENERGY GROUP PLC 
