Active Energy aims for timber licence in Newfoundland
"This marks the next milestone for the development of commercial activities for TIL in Newfoundland," said Michael Rowan.
Company
LON:AEG
Active Energy Group PLC is advancing a diversified portfolio of renewable energy solutions, including solar, wind, and battery storage, to meet the growing global demand for clean, sustainable power. The company is committed to accelerating the energy transition by integrating innovative technologies and resilient financial strategies, including a cryptocurrency treasury comprising assets like Bitcoin and Ethereum. At the core of its growth strategy is its internationally IP-protected technology, CoalSwitch®—a revolutionary biomass-based, drop-in replacement for coal. With this proprietary clean fuel, Active Energy aims to lead the shift away from fossil fuels, leveraging CoalSwitch to scale its impact and drive the next phase of sustainable energy innovation.
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"This marks the next milestone for the development of commercial activities for TIL in Newfoundland," said Michael Rowan.
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
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The loss before tax for the six months was US$1.9mln, compared to a loss of US$339,000 in the same period last year
Advanced Biomass Solutions (ABS), AEG’s biomass affiliate, will construct and run the plants
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California-based renewable energy group Lumino Capital will partner Advanced Biomass Solutions (ABS), AEG’s biomass affiliate
The restructuring plan is continuing with the focus on affiliate companies Advanced Biomass Solutions (ABS) and forestry business Timberlands International
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Active Energy also said it is evaluating a number of other collaborative opportunities involving timber processing and the commercialisation of its CoalSwitch product
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