UPDATE - Active Energy's wood chip operation suffers growing pains
AEG said it is growing fast - just not as quickly as it had hoped.
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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AEG said it is growing fast - just not as quickly as it had hoped.
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A mixed news bag from budget carriers to biotechs..Here are some highlights..
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If you like your news packaged as results statements, today was a good one for you...
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While the world’s stock markets fretted over a possible exit from the Eurozone by Greece, life went on much as normal for the small caps.
Investments and investor services
A mid-afternoon rally ran out of steam and the top-share index closed down 2%.
Investments and investor services
It's been a bad few days for travel companies, with the terrorist attack in Tunisia last week and the prospect of holidaymakers in Greece running out of cash.
Active Energy will buy extra production and handling equipment and cover the transport and logistics expenses of the extra volumes.
Non-executive Joseph Valoroso is moving on after helping guide Active Energy through a period of substantial change
Active Energy said it is confident of the “legal validity” of its forestry joint venture with a native group from Canada.
Investments and investor services
There were a number of good news stories to come from the world of small caps today.
A restructuring and refocusing helped forestry and biomass specialist Active Energy report a 184% increase in turnover for 2014, it revealed.