In this interview, Share Talk spoke with Brian Evans-Jones, the Chief Financial Officer of AIM-listed Active Energy Group (LON:AEG). This followed AEG’s recent positive news flow and achievements of several milestones.
This is in line with its strategy to commercialise its revolutionary CoalSwitch technology, which 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 US$6 million five-year unsecured loan facility to fund the construction of a 35,000 tonne per annum commercial reference plant in North America. Is a landmark event for AEG as the funding unlocks their ability to commercialise their patented revolutionary and proven CoalSwitch technology. Which in due course will enable AEG to add another significant future revenue stream to its growing income drivers, that already being Timberlands and WoodFibre.
Brian goes into detail as to significance of securing the funding for the first CoalSwitch Plant and the global opportunities that are now open to AEG.
He also outlines their strategic progress AEG are making across all three segments of the business. Listen now to gain further insight into how the team at Active Energy Group are progressing towards a cleaner commercial alternative energy source and a more profitable future.