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Active Energy Group PLC - London-based biomass focused renewable energy business - At its annual general meeting, Chair James Leahy says the last 12 months have been "the most transformative" in the history of the company as it was able to produce CoalSwitch fuel in industrial quantities. "
In order to accelerate the supply of production volumes of CoalSwitch, company says its partner Player Design International Inc has committed to take full responsibility for permitting, financing and constructing the first CoalSwitch production plant in the US state of Maine. Confirms that first production volumes of CoalSwitch will commence during the first quarter of 2023.
Active Energy says its focus for the remainder of 2022 will be upon converting the "numerous" commercial discussions it is having into firm orders for CoalSwitch.
Current stock price: 0.12 pence, up 5.7% in London on Monday
12-month change: down 81%
By Heather Rydings; heatherrydings@alliancenews.com
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