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AEG LATEST DEVELOPMENTS

Active Energy Group plc (AEG), the London based renewable energy, forestry management and timber processing business has updated the market pertaining to the latest developments in the commercialization of its CoalSwitch project after announcing that its first CoalSwitch plant will be completed during December 2017 and the exercise of warrants and options in AEG some 3 years ahead of their maturity by the company’s CEO

Read more: AEG LATEST DEVELOPMENTS

AEG secures US$ 6 mn funding for CoalSwitch

Active Energy plc (“AEG”), the London quoted renewable energy, forestry management and timber processing business, on November 28th announced that it secured funding for its 1st industrial-scale CoalSwitch plant, enabling the next vital step of the technology‟s commercialization. The technology utilises low value wood, timber, forestry and pulp mill/ saw mill by-products to produce the world‟s first „drop-in‟ biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing unmodified coal powered fire stations globally. The funding will be provided as a 5-year loan instrument, bringing significant upside for the current shareholders of AEG. We note a STRONGLY POSITIVE impact of the news on the company and reiterate our target price of USD 0.234 per share (GBp 18.7).

Read more: AEG secures US$ 6 mn funding for CoalSwitch

AEG reports CoalSwitch burn test confirms earlier results, proves commercial viability [BUY]

On March 8, 2016, Active Energy Group [AEG LN], the supplier of timberland management and development services, industrial wood fibre and biomass coal replacement fuels, published the results from the burn testing of its CoalSwitch fuel at the University of Utah. The University both confirmed the potential of CoalSwitch fuel for the power generation industry, and that it delivered significant financial and environmental benefits over current biomass fuel solutions. 

Read more: AEG reports CoalSwitch burn test confirms earlier results, proves commercial viability [BUY]
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