Active Energy Regulatory News (AEG)

1st March, 2023

Active Energy Group Plc

("Active Energy", "AEG", or the "Company")

Appointment of Chief Operating Officer to expand AEG's US operations

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, is pleased to announce the appointment of Steve Schaar as Chief Operating Officer of AEG to focus on the development of CoalSwitch® production in the United States. Steve's role will initially be in a non-Board capacity.

Steve has more than 25 years' experience of operations, project development, programme management and new product launches from a broad range of industries. Of particular significance is his recent experience at Enviva Biomass, one of the world's largest producers of biomass fuels. Steve ran large operating production assets whilst acting as plant manager in the Mid-Atlantic and Wilmington regions for Enviva Biomass' production facilities at Sampson, North Carolina and Southampton, Virginia.

His industry experience in growing and operating commercial scale biomass energy manufacturing businesses will be crucial as AEG's engineering partner, Player Design Inc, prepares to commission the first manufacturing facility of CoalSwitch® in Maine. The Company is already examining expansion opportunities for manufacturing operations throughout North America.

In addition, Steve has managed global new product programs and large capital growth expansion projects for John Deere Crop Harvesting, and operations for GE Oil & Gas and Ford Motor Company. Prior to joining AEG, Steve led a $180M capital expansion project for Burnham RNG, developing and operating renewable energy projects in the US.

Steve holds a Master of Business Administration from Baker College and a Bachelor of Science Degree in Automated Manufacturing Engineering Technology from the University of Akron. 

Michael Rowan, CEO of Active Energy, said: "Steve's appointment comes at an important time for Active Energy as our partner, Player Design Inc, prepares to commission the first industrial scale CoalSwitch® production plant in the United States, in Ashland, Maine. Steve's relevant experience from the biomass industry is crucial for AEG's ability to not only ensure commencement of full scale production operations in Ashland as quickly as possible, but also to create the platform within AEG to allow for future production capacity growth."

Steve Schaar, COO of Active Energy, said: "I am hugely excited with the opportunity AEG is creating in the future production of CoalSwitch® as a next generation biomass fuel. I have spent more than 20 years developing complex manufacturing plants and projects and I believe that CoalSwitch® can do what no other pellet can do, helping utilities and hard-to-decarbonise industries accelerate their transition toward the consumption of sustainable fuels. I look forward to getting to work at this important time for the Company."

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About Active Energy Group:

Headquartered in London with operations in the United States, Active Energy Group plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy company focused on the production and development of next generation biomass products that have the potential to transform coal fired power and heavy industries and the existing renewable biomass industry.

AEG has developed a proprietary technology which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be blended and co-fired with coal at any ratio without requiring significant plant modification or wholly replacing existing biomass fuels.

More information is available at www.aegplc.com and www.coalswitch.us.